Home and mortgage

Maryland Mortgage Calculator

Your monthly mortgage payment in Maryland, with Maryland's effective property tax rate (0.97%) built in, at this week's average rate. The calculator starts at the state's median home value, $419,900.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,784.10The answer

Monthly payment

$2,784.10

A $420,000 home with 20% down ($336,000 borrowed) at 7.18% over 30 years costs about $2,784 a month: $2,276 principal and interest plus $508 of tax, insurance and dues.

Principal and interest: $2,276.18
Tax, insurance, PMI and HOA: $507.92
Total interest over the loan: $483,425

Amortization by year: $336,000 at 7.18%

Year	Interest	Principal	Balance
1	$24,017.72	$3,296.45	$332,703.55
2	$23,773.09	$3,541.08	$329,162.47
3	$23,510.30	$3,803.87	$325,358.60
4	$23,228.02	$4,086.16	$321,272.44
5	$22,924.78	$4,389.39	$316,883.05
6	$22,599.04	$4,715.13	$312,167.92
7	$22,249.13	$5,065.04	$307,102.88
8	$21,873.25	$5,440.92	$301,661.95
9	$21,469.47	$5,844.70	$295,817.25
10	$21,035.74	$6,278.44	$289,538.82
11	$20,569.81	$6,744.36	$282,794.46
12	$20,069.31	$7,244.87	$275,549.59
13	$19,531.66	$7,782.51	$267,767.08
14	$18,954.12	$8,360.06	$259,407.02
15	$18,333.71	$8,980.46	$250,426.56
16	$17,667.27	$9,646.91	$240,779.66
17	$16,951.36	$10,362.81	$230,416.85
18	$16,182.33	$11,131.84	$219,285.01
19	$15,356.23	$11,957.94	$207,327.07
20	$14,468.83	$12,845.34	$194,481.73
21	$13,515.57	$13,798.60	$180,683.12
22	$12,491.56	$14,822.61	$165,860.51
23	$11,391.57	$15,922.60	$149,937.91
24	$10,209.95	$17,104.23	$132,833.68
25	$8,940.63	$18,373.54	$114,460.14
26	$7,577.12	$19,737.05	$94,723.09
27	$6,112.42	$21,201.75	$73,521.34
28	$4,539.03	$22,775.15	$50,746.19
29	$2,848.87	$24,465.30	$26,280.89
30	$1,033.29	$26,280.89	$0.00

Download the schedule (CSV)

This week's mortgage rates

Monthly payment in Maryland by home price (20% down, 7%, 30 years, 0.97% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$210,000	$1,118	$171	$1,455
$310,000	$1,650	$252	$2,068
$420,000	$2,235	$341	$2,743
$630,000	$3,353	$512	$4,032
$840,000	$4,471	$683	$5,320

How this calculator works

As the mortgage calculator, with Maryland's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $4,093 ÷ median value $419,900.

Questions people ask

What is the mortgage payment on a median home in Maryland?

On $419,900 with 20% down at 7% over 30 years: about $2,235 principal and interest and $341 of property tax, $2,743 a month with $2,000 a year of insurance.

What is the median home value in Maryland?

$419,900 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Maryland?

The effective rate is 0.97%, a median $4,093 a year. See Maryland's property tax page for every county we cover.

How much income do I need for a median Maryland home?

Under the 28% guideline, about $117,545 a year for the payment above; Maryland's median household income is $103,678.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.