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Estimate your real monthly payment — principal, taxes, insurance, and PMI, not just the loan — or flip it around and see how much home you can comfortably afford in Downriver. Instant, private, and no sign-up. When you're ready for real numbers, I'll connect you with a trusted local lender.
Adjust anything — the payment updates instantly.
Loan amount $0 · 30-yr at 6.69%
Based on standard 28% / 36% lending guidelines.
Comfortable monthly payment about $0
These are planning estimates only — not a loan offer, pre-approval, or official Loan Estimate. Actual payment depends on your credit, loan program, verified property taxes and insurance, and current rates, which change daily. Property tax, insurance, and PMI defaults are typical Downriver figures you can and should adjust. For real numbers, talk to a licensed lender — Robin is happy to refer you to a trusted local one.
A common guideline: keep your total housing payment near 28% of your gross monthly income, and all debt payments (housing plus cards, auto, and student loans) under about 36%. Use the "What can I afford?" tab above for an estimate. It's a starting point — a lender's pre-approval gives you the real ceiling, and I can refer you to a good local one.
Four to five things: principal & interest on the loan, property taxes, homeowner's insurance, PMI (private mortgage insurance, if your down payment is under 20%), and HOA dues if the home has them. People call the whole bundle "PITI." This calculator breaks it out so nothing surprises you at closing.
No. Plenty of Downriver buyers put down 3–5% with conventional, FHA, or first-time-buyer programs. Under 20% down usually means PMI (a small monthly add-on that drops off later), which this tool estimates for you. First-time buyers are the work I'm proudest of — I'll walk you through the options.
Advertised rates assume perfect credit, a specific down payment, and sometimes paid points. Your real rate depends on your credit, the loan program, and the day you lock. That's why the number here is editable — put in a rate you've actually been quoted for a truer picture.
Because Michigan uncaps the taxable value when a home sells. While someone owns a home, state law limits how fast its taxable value can rise — but that cap resets on transfer, to roughly half the sale price. The tax figure on a listing sheet is what the seller pays, not what you will. This calculator estimates from the uncapped value using your city’s actual millage rate, so the number you see is the one you’ll budget against.
This is the single biggest surprise Michigan buyers hit, and it shows up after closing — when it’s too late to plan around.
While someone owns a home, Michigan law caps how fast its taxable value can rise. Own a place for fifteen years and your taxable value can drift far below what the house is actually worth. That’s a good deal — for the owner.
When the home sells, that cap comes off. The taxable value uncaps and resets to roughly half the sale price. So the tax bill you inherit can be dramatically higher than the one the seller was paying — on the exact same house.
What this calculator does differently: it estimates your tax from the uncapped value — about half the purchase price — multiplied by your city’s actual millage rate. That’s the number you’ll be paying, not the number on the listing sheet.
A listing that advertises “taxes: $2,400” is telling you what the seller pays. Ask what it will be after it uncaps. If nobody can answer that, ask me — I pull the actual millage and taxable value on every home I show.
These are the rates for a home you’ll live in — with the Principal Residence Exemption filed. A home you don’t occupy is taxed roughly 18 mills higher.
| City | School district | Mills |
|---|---|---|
| Trenton | Trenton Public Schools | 60.7625 |
| Allen Park | Allen Park Public Schools | 59.8721 |
| Southgate | Southgate Community Schools | 58.4267 |
| Woodhaven | Woodhaven School District | 53.3925 |
| Wyandotte | Wyandotte City Schools | 53.1555 |
| Lincoln Park | Lincoln Park Public Schools | 52.7609 |
| Romulus | Romulus Community Schools | 50.6896 |
| Taylor | Taylor School District | 49.8402 |
| Riverview | Riverview Community Schools | 47.5445 |
| Brownstown | Woodhaven School District | 34.6816 |
Source: Michigan Department of Treasury, 2025 Total Property Tax Rates in Michigan. Rates shown are the homestead (Principal Residence Exemption) total for each city’s own school district; several of these cities contain more than one district, and Brownstown spans three. Millage changes annually. This is an estimate for planning, not a tax opinion — confirm the exact figure with the local assessor before you rely on it.
Whether you're months out or ready this weekend, start with an honest conversation. I'll help you get pre-approved with a trusted local lender and find the right Downriver home — no pressure, no lead-selling.
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