Calculate Your Maryland Mortgage Payment
Our calculator is pre-filled with Maryland's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with MD DefaultsMonthly Payment Breakdown for Maryland
Here's what your monthly payment looks like on the median Maryland home ($431,934) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($86,387), no PMI. With less than 20% down, add $144-$288/month for PMI.
Maryland Property Taxes
Maryland's effective property tax rate is 0.90%, which is above the national average of 0.89%.
Annual Property Tax on $431,934 Home
$3,887
($324/month escrowed)
Buying a Home in Maryland: Key Facts
- Property tax rate of 0.90% is close to the national average of 0.89%
- SmartBuy 3.0 program uniquely helps homebuyers pay off student debt at closing
- Local programs offer substantial additional assistance (Gaithersburg: $40,000)
- Proximity to Washington D.C. creates higher values in Montgomery and Prince George's counties
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Maryland First-Time Homebuyer Programs
Maryland has 62 homebuyer assistance programs that can help with down payment and closing costs.
Maryland Mortgage Program DPA
Up to $6,000 or 3-5% of mortgage as zero-interest deferred loan
Deferred LoanMaryland SmartBuy 3.0
Up to $20,000 (or 15% of price) to pay off student loans at closing
Student Loan PayoffPartner Match Program
Up to $2,500 additional match when combined with other programs
GrantEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Maryland
Home prices and property taxes can vary significantly by city. The median home value of $431,934 is a statewide estimate.
Maryland Mortgage FAQ
What is the property tax rate in Maryland?
The average effective property tax rate in Maryland is 0.90%. On a $431,934 home, that's approximately $3,887 per year or $324 per month added to your mortgage payment.
What is the median home value in Maryland?
The median home value in Maryland is $431,934 as of 2026-04-01. Prices vary by location - Baltimore and Frederick typically have higher prices than rural areas.
Are there first-time homebuyer programs in Maryland?
Yes, Maryland has 62 homebuyer assistance programs. Popular options include Maryland Mortgage Program DPA, which offers up to $6,000 or 3-5% of mortgage as zero-interest deferred loan.
How much do I need to buy a house in Maryland?
For the median Maryland home ($431,934), you'd need $86,387 for a 20% down payment, plus $12,958-$21,597 for closing costs. With down payment assistance, you could potentially buy with as little as $15,118 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Maryland property taxes pre-filled.
Calculate Your MD Mortgage Payment