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How Much Will Your Mortgage Be in Michigan?

The Great Lakes State of Michigan has a population of 10 million people and has seen consistent growth in the number of residents. It is ranked the tenth most-populous state in the U.S. and boasts an affordable housing market. In fact, the market has seen rapid growth over the years.

The average home experienced a surge in value of 9.3% in 2018 alone, and homes are averaging only a month on the market before they are purchased. If you want to move to Michigan, see First-time Homebuyer Guide for Michigan. Also, see FHA Loan in Michigan for details and requirements for a home in the state.

Let's Calculate Your Michigan Mortgage Payment

The dollar amount you expect to pay for a home
This is the initial payment you put toward the cost of your new home. How much do you plan to put down? You could put little-to-no money down depending on your loan type. However, when you enter a higher down payment into the mortgage calculator, it lowers your estimated monthly payment


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