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Maryland Mortgage Calculator

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

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Est. Total Monthly Cost
$3,350
P&I Payment$2,661
Taxes & Ins$488
Utilities$202
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Mortgage Details

$508,311
Local Median: $508,311
$101,662 (20%)
%

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

Local Area Costs

Monthly$3,350

Monthly Breakdown

Principal & Interest
$2,661
Property Taxes
$366
Homeowners Ins.
$122
Utilities
$202

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$551,241

Local Housing Facts for Maryland

  • ·Median home value: $508,311 (adjusted for current market conditions)
  • ·Est. property taxes: $4,387/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,469/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,418/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 Maryland?

Based on the local median home value, estimated real estate property taxes in Maryland are around $4,387 per year.

What is the average home price in Maryland?

The median home value in Maryland is currently estimated at $508,311.

How much does homeowners insurance cost in Maryland?

For a median priced home, homeowners insurance in Maryland averages around $1,469 annually.

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

True homeownership costs go beyond principal and interest. In Maryland, a typical homeowner with a median-priced home of $508,311 can expect to pay roughly $4,387/yr in property taxes, $1,469/yr for homeowners insurance, and $2,418/yr in energy utilities. That adds approximately $690 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.