Maryland Mortgage Calculator
Estimate the monthly PITI payment on a Maryland home. Preseeded with the state’s 1.05% effective property-tax rate, $1,500 average annual insurance, and $410,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,694
- Principal & Interest
- $2,073
- Property Taxes
- $359
- Home Insurance
- $125
- PMI
- $137
Total Interest
$418,346
Total Cost
$920,496
Payoff Year
2056
Maryland Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 1.05%
- Avg annual insurance
- $1,500
- Median home price
- $410,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Maryland Rules
Maryland has a Homestead Tax Credit that caps annual taxable-assessment increases (typically 0–10%, set per locality). Closing costs in Maryland are among the highest in the country due to recordation and transfer taxes — typically split between buyer and seller, but negotiable.
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Frequently Asked Questions
- Maryland's statewide effective property-tax rate is approximately 1.05% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.