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Baltimore Mortgage Calculator

Estimate your true cost of homeownership in Baltimore with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,088
P&I Payment$1,632
Taxes & Ins$281
Utilities$176
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Mortgage Details

$308,994
Local Median: $308,994
$61,799 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,088

Monthly Breakdown

Principal & Interest
$1,632
Property Taxes
$209
Homeowners Ins.
$72
Utilities
$176

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$340,145

Local Housing Facts for Baltimore

  • ·Median home value: $308,994 (adjusted for current market conditions)
  • ·Est. property taxes: $2,502/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $865/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,115/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in Baltimore?

Based on the local median home value, estimated real estate property taxes in Baltimore are around $2,502 per year.

What is the average home price in Baltimore?

The median home value in Baltimore is currently estimated at $308,994.

How much does homeowners insurance cost in Baltimore?

For a median priced home, homeowners insurance in Baltimore averages around $865 annually.

What is the true total cost of owning a home in Baltimore?

True homeownership costs go beyond principal and interest. In Baltimore, a typical homeowner with a median-priced home of $308,994 can expect to pay roughly $2,502/yr in property taxes, $865/yr for homeowners insurance, and $2,115/yr in energy utilities. That adds approximately $457 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.