Total monthly payment
$2,099.78
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.
on New American Funding
New American Funding
Min. credit score
N/A
Min. down payment
0%
on Rocket Mortgage, LLC
Rocket Mortgage, LLC
Min. credit score
580
Min. down payment
3.5%
on Veterans United
Veterans United
Min. credit score
620
Min. down payment
0%
on Tomo
Tomo
Min. credit score
600
Min. down payment
3%
on Chase
Chase
Min. credit score
620
Min. down payment
3%
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed-rate | 6.815% | 6.820% |
| 20-year fixed-rate | 6.726% | 6.732% |
| 15-year fixed-rate | 5.938% | 5.947% |
| 10-year fixed-rate | 5.490% | 5.559% |
| 7-year ARM | 6.667% | 6.561% |
| 5-year ARM | 6.375% | 6.405% |
| 30-year fixed-rate FHA | 5.375% | 6.092% |
| 30-year fixed-rate VA | 6.029% | 6.362% |
6.820%
30-year fixedToday's mortgage rates in Michigan are 6.820% for a 30-year fixed, 5.947% for a 15-year fixed, and 6.405% for a 5-year adjustable-rate mortgage (ARM).
Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Michigan. Because assessed values aren't frequently updated, you may pay a higher rate at first but eventually you'll pay a similar rate.
| County | Avg. property tax rate | Median home value |
|---|---|---|
| Alcona County | 0.88% | $148,200 |
| Alger County | 1.03% | $156,500 |
| Allegan County | 1.05% | $255,100 |
| Alpena County | 1.06% | $128,000 |
| Antrim County | 0.93% | $199,800 |
| Arenac County | 1.19% | $118,200 |
| Baraga County | 1.05% | $121,700 |
| Barry County | 1.01% | $223,600 |
| Bay County | 1.42% | $139,900 |
| Benzie County | 0.82% | $243,600 |
| Berrien County | 1.10% | $221,700 |
| Branch County | 1.14% | $140,200 |
| Calhoun County | 1.43% | $156,300 |
| Cass County | 0.95% | $181,100 |
| Charlevoix County | 0.91% | $220,000 |
| Cheboygan County | 0.94% | $167,400 |
| Chippewa County | 1.17% | $142,000 |
| Clare County | 1.04% | $112,400 |
| Clinton County | 1.24% | $233,900 |
| Crawford County | 1.10% | $135,400 |
| Delta County | 1.12% | $139,200 |
| Dickinson County | 1.35% | $122,600 |
| Eaton County | 1.42% | $198,800 |
| Emmet County | 0.91% | $246,300 |
| Genesee County | 1.35% | $174,200 |
| Gladwin County | 1.06% | $140,600 |
| Gogebic County | 1.30% | $87,800 |
| Grand Traverse County | 0.98% | $335,900 |
| Gratiot County | 1.17% | $126,500 |
| Hillsdale County | 0.96% | $159,000 |
| Houghton County | 1.23% | $129,200 |
| Huron County | 1.06% | $129,500 |
| Ingham County | 1.84% | $186,200 |
| Ionia County | 1.11% | $199,500 |
| Iosco County | 0.93% | $118,400 |
| Iron County | 1.21% | $95,800 |
| Isabella County | 1.18% | $159,500 |
| Jackson County | 1.16% | $173,000 |
| Kalamazoo County | 1.39% | $236,300 |
| Kalkaska County | 0.95% | $152,800 |
| Kent County | 1.15% | $281,200 |
| Keweenaw County | 1.03% | $155,900 |
| Lake County | 0.91% | $117,100 |
| Lapeer County | 0.86% | $237,900 |
| Leelanau County | 0.71% | $371,200 |
| Lenawee County | 1.21% | $194,200 |
| Livingston County | 0.99% | $348,800 |
| Luce County | 0.94% | $104,600 |
| Mackinac County | 0.96% | $157,000 |
| Macomb County | 1.32% | $240,400 |
| Manistee County | 1.06% | $157,800 |
| Marquette County | 1.06% | $205,700 |
| Mason County | 1.02% | $181,200 |
| Mecosta County | 0.99% | $153,000 |
| Menominee County | 0.98% | $132,200 |
| Midland County | 1.49% | $186,800 |
| Missaukee County | 0.87% | $153,300 |
| Monroe County | 1.04% | $212,800 |
| Montcalm County | 1.03% | $183,400 |
| Montmorency County | 0.96% | $125,600 |
| Muskegon County | 1.20% | $182,400 |
| Newaygo County | 1.04% | $165,000 |
| Oakland County | 1.31% | $330,800 |
| Oceana County | 1.04% | $151,700 |
| Ogemaw County | 0.96% | $125,300 |
| Ontonagon County | 1.15% | $89,700 |
| Osceola County | 0.98% | $128,200 |
| Oscoda County | 0.85% | $122,500 |
| Otsego County | 0.88% | $178,400 |
| Ottawa County | 1.08% | $313,800 |
| Presque Isle County | 0.96% | $124,800 |
| Roscommon County | 0.96% | $133,400 |
| Saginaw County | 1.35% | $146,600 |
| Sanilac County | 0.84% | $149,300 |
| Schoolcraft County | 0.93% | $129,100 |
| Shiawassee County | 1.17% | $165,400 |
| St. Clair County | 1.07% | $219,400 |
| St. Joseph County | 1.03% | $152,800 |
| Tuscola County | 1.17% | $127,200 |
| Van Buren County | 1.19% | $191,300 |
| Washtenaw County | 1.50% | $364,600 |
| Wayne County | 1.56% | $173,500 |
| Wexford County | 1.16% | $146,100 |
