CALCMONEY // MORTGAGE // MI // BLOOMFIELD HILLS // 48304
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 48304 in Bloomfield Hills, MI. This is a high-net-worth enclave — most purchases require jumbo financing.
$1,100,000
$880,000
$8,287
$355,162/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $1,100,000 | $990,000 | $6,487 | $9,008 | 6.85% |
| 20% Down | $1,100,000 | $880,000 | $5,766 | $8,287 | 6.85% |
| 25% Down | $1,100,000 | $825,000 | $5,406 | $7,927 | 6.85% |
Total monthly includes principal & interest, property tax (2.35% annual), and estimated homeowners insurance. PMI not included.
Bloomfield Hills (ZIP 48304) sits within Bloomfield Hills, Michigan with a median home price of $1,100,000 — significantly above the Bloomfield Hills city-wide median of $1,100,000. At 80% LTV, the typical loan amount of $880,000 exceeds the 2026 conforming loan limit of $766,550, placing most purchases in jumbo territory. Jumbo loans typically require stronger credit scores, larger reserves, and may carry slightly different rate pricing.
Property taxes in ZIP 48304 run 2.35% annually, adding $2,154 per month on the median home. Median household income in this neighborhood is approximately $165,000, placing the price-to-income ratio at 6.7x. Michigan levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.