Calculate your monthly mortgage payment in Maryland. Pre-filled with Maryland's median home price of $390,000 and an average property tax rate of 1.09%.
Est. Monthly Payment
$2,676
Principal & Interest
$2,159
Property Tax / mo
$354
Total Interest Paid
$445,713
| Home Price | $390,000 | Median home price in Maryland (2025) |
| Down Payment | 15% ($58,500) | Typical down payment percentage |
| Loan Amount | $331,500 | Home price minus down payment |
| Interest Rate | 6.79% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.09% / year | Maryland average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
MMP 1st Time Advantage, MMP Flex 5000, Partner Match
Cost of living: High · Population: 6,177,224
Maryland has a median home price of approximately $390,000, placing it above the national median. With a 15% down payment of $58,500, a typical buyer would finance $331,500 over 30 years. At a 6.79% fixed rate, the monthly principal and interest payment comes to $2,159.
Property taxes in Maryland average 1.09% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $163 for homeowners insurance, your all-in monthly housing cost is approximately $2,676.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $114,682 to qualify comfortably. The median household income in Maryland is $90,203.
