Grand Rapids, MI mortgage calculator

Grand Rapids
Mortgage
Calculator

Grand Rapids anchors West Michigan with a diversified economy in furniture manufacturing, healthcare, and craft brewing. Kent County's property tax rate is moderate, and the market has seen strong appreciation over the past decade.

1.52% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$1,750
P&I · Taxes · Insurance
Total interest
$264,308
Principal & Interest$1,312/mo
Property Tax (1.52%)$329/mo
Homeowners Insurance$108/mo

Recommended for incomes above $75k/yr (28% DTI rule)

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1.52%
Grand Rapids area property tax rate
$260,000
Grand Rapids median home price
$1,750
est. monthly payment at defaults

Grand Rapids housing market

$260,000
Median home price
$52,000
Median household income
201,333
City population

The 1.52% property tax rate reflects the county-level effective rate for Grand Rapids 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 Grand Rapids buyers. Many Grand Rapids properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.

Rate history

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