Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Drake Mortgage Calculator

Estimate your true cost of homeownership in Drake with localized property taxes, insurance, and utility data.

← Back to Drake Hub
Est. Total Monthly Cost
$1,377
P&I Payment$946
Taxes & Ins$167
Utilities$264
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this Drake scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$178,533
Local Median: $178,533
$35,707 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$1,377

Monthly Breakdown

Principal & Interest
$946
Property Taxes
$100
Homeowners Ins.
$67
Utilities
$264

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$197,600

Local Housing Facts for Drake

  • ·Median home value: $178,533 (adjusted for current market conditions)
  • ·Est. property taxes: $1,198/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $808/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,172/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Drake?

Based on the local median home value, estimated real estate property taxes in Drake are around $1,198 per year.

What is the average home price in Drake?

The median home value in Drake is currently estimated at $178,533.

How much does homeowners insurance cost in Drake?

For a median priced home, homeowners insurance in Drake averages around $808 annually.

What is the true total cost of owning a home in Drake?

True homeownership costs go beyond principal and interest. In Drake, a typical homeowner with a median-priced home of $178,533 can expect to pay roughly $1,198/yr in property taxes, $808/yr for homeowners insurance, and $3,172/yr in energy utilities. That adds approximately $432 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.