Ann Arbor, MI mortgage calculator

Ann Arbor
Mortgage
Calculator

Ann Arbor is anchored by the University of Michigan, driving above-average incomes and some of the state's highest home prices. Washtenaw County's property tax rate is above the state average, but strong demand keeps the market competitive.

2.02% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$3,073
P&I · Taxes · Insurance
Total interest
$437,125
Principal & Interest$2,170/mo
Property Tax (2.02%)$724/mo
Homeowners Insurance$179/mo

Recommended for incomes above $135k/yr (28% DTI rule)

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2.02%
Ann Arbor area property tax rate
$430,000
Ann Arbor median home price
$3,073
est. monthly payment at defaults

Ann Arbor housing market

$430,000
Median home price
$75,000
Median household income
123,851
City population

The 2.02% property tax rate reflects the county-level effective rate for Ann Arbor and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Michigan average — county-level data produces more accurate monthly payment estimates for Ann Arbor buyers. Many Ann Arbor properties also carry HOA fees — the area average is approximately $200/month, which is not included in the calculator above.

Rate history

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