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Mortgage Calculator &
Closing Costs: Ankeny, IA

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ankeny, Iowa.

Median Home Price
$315K
Population
72K
Avg Monthly Rent
$1,250
Property Tax Rate
1.52%
Ankeny vs Iowa Median
The median home price in Ankeny is $315,000, which is 50% above the Iowa state median of $210,000.

Mortgage Calculator — Ankeny, IA

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

$
$63,000
%
%
years
IA avg
%
$
Monthly Payment (PITI)
$2,142
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$1,593
per month
Taxes & Insurance
$549
per month
Total Interest Paid
$321K
over 30 years
Total Loan Cost
$573K
all payments
Payment Breakdown
Loan Amount$252,000
Principal & Interest$1,593
Property Taxes$399
Homeowners Insurance$150
Total Monthly PITI$2,142

Closing Costs — Ankeny, IA

Estimated closing costs based on Iowa rates and fees applied to Ankeny prices.

$
%
Iowa: Avg closing costs 1.0% of price. Transfer tax: 0.16%.
Estimated Closing Costs
$11,473
3.6% of purchase price
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Lender Fees
$2,693
origination, underwriting
Third-Party
$3,025
appraisal, title, inspection
Government Fees
$504
transfer taxes, recording
Prepaids + Escrow
$5,251
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,268
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,875
Recording Fee$150
Transfer Tax$504
Prepaid Taxes (3 mo)$1,197
Prepaid Insurance (12 mo)$1,800
Prepaid Interest (15 days)$757
Escrow Reserves$1,497
Total Closing Costs$11,473

Buying a Home in Ankeny, Iowa

The median home price in Ankeny is $315,000, 50% above the Iowa state median of $210,000. With a population of 71,687, Ankeny is a smaller market where home prices reflect strong demand and local economic factors.

Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $315,000 home in Ankeny would carry roughly $399/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.

Average rent in Ankeny is $1,250/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Ankeny presents moderate affordability. The $315K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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Compare total costs of renting vs buying in Ankeny.
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