Mortgage Rates in Pontiac, Michigan — March 2026
Updated March 2026 | Based on Pontiac market data and regional lending conditions
Pontiac is a growing city in Michigan with a population of 61,606. The current 30-year fixed mortgage rate in Pontiac is 6.76%, which is 0.11% above the national average. With a median home price of $246,000 and a 20% down payment of $49,200, homebuyers can expect a monthly principal and interest payment of approximately $1,278.
Current Mortgage Rates in Pontiac, MI
Below are the current average mortgage rates available in the Pontiac area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Pontiac Housing Market Overview
The Pontiac housing market offers relatively affordable housing compared to many major cities. The median household income in Pontiac is $56,200, and the cost of living index is 87.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $67,843 to comfortably afford the median-priced home in Pontiac, which exceeds the current median household income.
Monthly Payment Breakdown for Pontiac
Based on the median home price of $246,000 with 20% down ($49,200), here is what you can expect to pay monthly in Pontiac:
15-Year vs. 30-Year Mortgage in Pontiac
Choosing a 15-year mortgage in Pontiac at 6% instead of a 30-year at 6.76% would save you $161,100 in total interest over the life of the loan. However, your monthly payment would be $1,661 instead of $1,278 — an increase of $383 per month.
Calculate Your Pontiac Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pontiac
What are the current mortgage rates in Pontiac, MI?
As of March 2026, the average 30-year fixed mortgage rate in Pontiac, Michigan is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Pontiac?
Based on the median home price of $246,000 with 20% down, the estimated monthly mortgage payment in Pontiac is $1,278 for principal and interest. Including property taxes of $305/month, the total monthly housing cost is approximately $1,583.
What income do I need to buy a home in Pontiac?
Using the 28% rule, you would need an annual income of approximately $67,843 to afford the median-priced home in Pontiac at $246,000. The median household income in Pontiac is $56,200. This means most households would need to either earn above the median or consider homes below $246,000.
Is Pontiac a good place to buy a home in 2026?
Pontiac offers a below-average cost of living with a cost of living index of 87.9 (national average = 100). The property tax rate in Michigan is 1.49%, which is near the national average. Pontiac has a population of 61,606 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Pontiac, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.