CALCMONEY // MORTGAGE // MI // GROSSE POINTE // 48236
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 48236 in Grosse Pointe, MI.
$850,000
$680,000
$6,297
$269,890/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $850,000 | $765,000 | $5,013 | $6,854 | 6.85% |
| 20% Down | $850,000 | $680,000 | $4,456 | $6,297 | 6.85% |
| 25% Down | $850,000 | $637,500 | $4,177 | $6,019 | 6.85% |
Total monthly includes principal & interest, property tax (2.2% annual), and estimated homeowners insurance. PMI not included.
Grosse Pointe (ZIP 48236) sits within Grosse Pointe, Michigan with a median home price of $850,000 — significantly above the Grosse Pointe city-wide median of $850,000. At 80% LTV, the typical loan of $680,000 remains within conforming loan limits, keeping conventional financing accessible.
Property taxes in ZIP 48236 run 2.2% annually, adding $1,558 per month on the median home. Median household income in this neighborhood is approximately $130,000, placing the price-to-income ratio at 6.5x. Michigan levies a state income tax, which reduces take-home pay and should be factored into your maximum monthly payment calculation.