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Maryland mortgage calculator

Pre-filled for Maryland: the median home value ($435,000) and the state's effective property tax rate of 0.95%. Change anything to match your home.

Home price
Down payment$87,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$2,693.98

Loan $348,000 · 20% down

  • Principal & interest$2,199.60
  • Property tax$344.38
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$443,852
Total cost
$969,829
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 3,890, Interest 22,50612: Principal 4,150, Interest 22,2453: Principal 4,428, Interest 21,9674: Principal 4,725, Interest 21,67045: Principal 5,041, Interest 21,3546: Principal 5,379, Interest 21,0167: Principal 5,739, Interest 20,6568: Principal 6,123, Interest 20,27289: Principal 6,533, Interest 19,86210: Principal 6,971, Interest 19,42411: Principal 7,438, Interest 18,95712: Principal 7,936, Interest 18,4591213: Principal 8,468, Interest 17,92814: Principal 9,035, Interest 17,36115: Principal 9,640, Interest 16,75616: Principal 10,285, Interest 16,1101617: Principal 10,974, Interest 15,42118: Principal 11,709, Interest 14,68619: Principal 12,493, Interest 13,90220: Principal 13,330, Interest 13,0652021: Principal 14,223, Interest 12,17322: Principal 15,175, Interest 11,22023: Principal 16,191, Interest 10,20424: Principal 17,276, Interest 9,1192425: Principal 18,433, Interest 7,96226: Principal 19,667, Interest 6,72827: Principal 20,984, Interest 5,41128: Principal 22,390, Interest 4,0052829: Principal 23,889, Interest 2,50630: Principal 25,486, Interest 90630
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$3,890$22,506$344,110
2$4,150$22,245$339,960
3$4,428$21,967$335,532
4$4,725$21,670$330,807
5$5,041$21,354$325,766
Monthly payment$2,693.98

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Maryland at a glance

Effective property tax
0.95%
Rank (1 = highest)
21st of 51
Median home value
$436,300
Median tax bill
$4,144/yr

On the same $400,000 home, property tax in Maryland adds about $316.67/month, versus $296.67/month at the national rate.

Maryland mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$225,000$1,137.72$178.13$1,465.85
$325,000$1,643.38$257.29$2,050.67
$425,000$2,149.03$336.46$2,635.49
$650,000$3,286.75$514.58$3,951.33
$875,000$4,424.48$692.71$5,267.19

20% down, 6.5% 30-year fixed (example rate), 0.95% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Maryland.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Maryland figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Maryland?+

The effective property tax rate in Maryland is about 0.95% of home value a year (median taxes paid $4,144 on a median home worth $436,300). That's the 21st highest of 50 states and DC, and higher than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Maryland?+

For a $435,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $2,693.98 a month, including $344.38 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Maryland?+

To afford the median Maryland home ($435,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $135,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.