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Mortgage Calculator &
Closing Costs: Flint, MI

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Flint, Michigan.

Median Home Price
$65K
Population
96K
Avg Monthly Rent
$780
Property Tax Rate
1.54%
Flint vs Michigan Median
The median home price in Flint is $65,000, which is 73% below the Michigan state median of $240,000.

Mortgage Calculator — Flint, MI

Pre-filled with Flint median home price and Michigan tax/insurance rates. Adjust for your property.

$
$13,000
%
%
years
MI avg
%
$
Monthly Payment (PITI)
$562
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$329
per month
Taxes & Insurance
$233
per month
Total Interest Paid
$66K
over 30 years
Total Loan Cost
$118K
all payments
Payment Breakdown
Loan Amount$52,000
Principal & Interest$329
Property Taxes$83
Homeowners Insurance$150
Total Monthly PITI$562

Closing Costs — Flint, MI

Estimated closing costs based on Michigan rates and fees applied to Flint prices.

$
%
Michigan: Avg closing costs 1.5% of price. Transfer tax: 0.86%.
Estimated Closing Costs
$5,984
9.2% of purchase price
Lender Fees
$893
origination, underwriting
Third-Party
$1,775
appraisal, title, inspection
Government Fees
$559
transfer taxes, recording
Prepaids + Escrow
$2,757
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$468
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$625
Recording Fee$150
Transfer Tax$559
Prepaid Taxes (3 mo)$250
Prepaid Insurance (12 mo)$1,800
Prepaid Interest (15 days)$156
Escrow Reserves$550
Total Closing Costs$5,984

Buying a Home in Flint, Michigan

The median home price in Flint is $65,000, 73% below the Michigan state median of $240,000. With a population of 95,943, Flint is a smaller market where home prices tend to be more accessible than in many parts of Michigan.

Property taxes in Michigan average 1.54% annually. This higher-than-average tax rate means a $65,000 home in Flint would carry roughly $83/month in property taxes alone — plan accordingly. Homeowners insurance in Michigan runs approximately $1,800 per year. This is within the normal range nationally.

Average rent in Flint is $780/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Flint over the long term.

Flint offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Michigan's MSHDA DPA program.

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