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Preakness Mortgage Calculator

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

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Est. Total Monthly Cost
$4,262
P&I Payment$3,274
Taxes & Ins$808
Utilities$181
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Mortgage Details

$626,470
Local Median: $626,470
$125,294 (20%)
%

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

Local Area Costs

Monthly$4,262

Monthly Breakdown

Principal & Interest
$3,274
Property Taxes
$732
Homeowners Ins.
$76
Utilities
$181

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$677,454

Local Housing Facts for Preakness

  • ·Median home value: $626,470 (adjusted for current market conditions)
  • ·Est. property taxes: $8,783/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $908/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,171/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 Preakness?

Based on the local median home value, estimated real estate property taxes in Preakness are around $8,783 per year.

What is the average home price in Preakness?

The median home value in Preakness is currently estimated at $626,470.

How much does homeowners insurance cost in Preakness?

For a median priced home, homeowners insurance in Preakness averages around $908 annually.

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

True homeownership costs go beyond principal and interest. In Preakness, a typical homeowner with a median-priced home of $626,470 can expect to pay roughly $8,783/yr in property taxes, $908/yr for homeowners insurance, and $2,171/yr in energy utilities. That adds approximately $989 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.