Maryland Mortgage Calculator 2026
Maryland's housing market is heavily influenced by its proximity to Washington D.C. and the massive federal government employment base. Montgomery and Prince George's counties have some of the highest median incomes and home prices in the state. Maryland has high conforming loan limits ($1,149,825) in many counties.
Calculate Your Maryland Mortgage Payment
Pre-filled with Maryland averages — adjust any value to match your situation.
= $80,000 down
Estimated Monthly Payment Breakdown
Based on $400,000 home price, 20% down, 30-year fixed at 7.25%.
Maryland Property Taxes & Income Tax
Maryland's 1.09% property tax rate is close to the national average. The Homestead Tax Credit caps annual assessment increases at 10% for primary residences. Maryland has a progressive income tax up to 5.75% plus county income taxes of 2.25–3.2%, creating a significant combined burden.
Maryland Homeowners Insurance
Insurance costs are moderate at $1,000–$1,400/year. Coastal areas (Eastern Shore, Chesapeake Bay) face flood and storm surge risk. Flood insurance is required in many FEMA flood zones. Budget $85–$120/month.
Maryland Housing Market Overview
The DC suburbs (Montgomery, Prince George's, Howard, Anne Arundel counties) have some of the highest prices and strongest demand in the Mid-Atlantic, driven by federal employment and defense contractors. Baltimore offers more affordable options with ongoing revitalization. Maryland's $1,149,825 conforming limit is a significant advantage for DC suburb buyers.
Frequently Asked Questions
What is the average mortgage payment in Maryland?
Based on Maryland's median home price of $400,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $2,646/month.
What is the conforming loan limit in Maryland?
The conforming loan limit in Maryland is $1,149,825. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Are VA loans available in Maryland?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Maryland with no down payment and no PMI. The VA loan limit in Maryland is $1,149,825.
Maryland Loan Limits
Maryland Homebuyer Programs
Below-market interest rate mortgages with down payment assistance of up to $5,000 for qualifying first-time buyers.
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