For buyers
Mortgage Payment Estimator
Change the price, down payment, and rate to see what a monthly payment could look like — with taxes and insurance included, not just the loan part.
Written by ShaNayta (Shay) McClain, Real Estate Agent with eXp Realty, based in Waterford, Michigan. Call or text (248) 270-8529.
Estimated monthly payment
$2,283
- Principal & interest
- $1,651
- Property taxes (estimated)
- $395
- Homeowners insurance
- $117
- Mortgage insurance (PMI)
- $120
- HOA / association dues
- $0
Please read
This is an estimate only — not a loan quote, pre-approval, or offer of credit. Property tax is estimated using an approximate 34.5 total mills for Waterford Township on a taxable value of half the purchase price, which is how Michigan generally assesses a home in the year it sells; your actual bill depends on your school district, your exemptions, and the assessor's figures. Insurance, mortgage insurance, and dues are typical placeholders, not quotes. Closing costs, escrow shortages, and rate changes are not included. Confirm real numbers with a licensed lender and check taxes with the State of Michigan property tax estimator.
Questions? Let's talk it through.
Whatever these tools show you, call or text me and I'll walk you through your options personally — the real tax bill, a lender introduction, and what similar homes are selling for. No pressure, and no question is too small.