Maryland Mortgage Calculator
Maryland has the 21st-highest effective property tax rate of the 50 states at 0.92% — $43 more a year than the 0.91% state average on a $428,000 home. Homeowners insurance averages $1,918 a year, the 19th-lowest premium nationally and $802 less than the typical state.
Most Maryland counties use the $832,750 conforming loan limit for 2026, but 5 high-cost counties — Charles County ($1,249,125), Frederick County ($1,249,125), Montgomery County ($1,249,125) and others — allow larger conforming loans. Above those amounts you need a jumbo loan.
On a $428,000 home, property tax and insurance add $488 a month in Maryland, compared with $307 in Delaware, $337 in West Virginia, $451 in Virginia, $577 in Pennsylvania.
Loan Parameters
Total Monthly Payment
$3,290
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$540,185
Total Cost
$1,124,162
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $30,846 | $3,890 | $26,956 | $2,773 | $381,310 | $46,690 |
| Year 2 | $30,846 | $4,173 | $26,673 | $2,773 | $377,137 | $50,863 |
| Year 3 | $30,846 | $4,476 | $26,370 | $2,773 | $372,661 | $55,339 |
| Year 4 | $30,846 | $4,801 | $26,045 | $2,773 | $367,860 | $60,140 |
| Year 5 | $30,846 | $5,149 | $25,697 | $2,773 | $362,711 | $65,289 |
| Year 6 | $30,846 | $5,523 | $25,323 | $2,773 | $357,188 | $70,812 |
| Year 7 | $30,846 | $5,924 | $24,922 | $2,773 | $351,263 | $76,737 |
| Year 8 | $30,846 | $6,354 | $24,492 | $2,773 | $344,909 | $83,091 |
| Year 9 | $30,846 | $6,816 | $24,030 | $924 | $338,093 | $89,907 |
| Year 10 | $30,846 | $7,311 | $23,535 | — | $330,782 | $97,218 |
| Year 11 | $30,846 | $7,842 | $23,005 | — | $322,941 | $105,059 |
| Year 12 | $30,846 | $8,411 | $22,435 | — | $314,530 | $113,470 |
| Year 13 | $30,846 | $9,022 | $21,824 | — | $305,508 | $122,492 |
| Year 14 | $30,846 | $9,677 | $21,169 | — | $295,831 | $132,169 |
| Year 15 | $30,846 | $10,379 | $20,467 | — | $285,452 | $142,548 |
| Year 16 | $30,846 | $11,133 | $19,713 | — | $274,319 | $153,681 |
| Year 17 | $30,846 | $11,941 | $18,905 | — | $262,378 | $165,622 |
| Year 18 | $30,846 | $12,808 | $18,038 | — | $249,569 | $178,431 |
| Year 19 | $30,846 | $13,738 | $17,108 | — | $235,831 | $192,169 |
| Year 20 | $30,846 | $14,736 | $16,110 | — | $221,095 | $206,905 |
| Year 21 | $30,846 | $15,806 | $15,040 | — | $205,289 | $222,711 |
| Year 22 | $30,846 | $16,954 | $13,892 | — | $188,335 | $239,665 |
| Year 23 | $30,846 | $18,185 | $12,661 | — | $170,150 | $257,850 |
| Year 24 | $30,846 | $19,505 | $11,341 | — | $150,645 | $277,355 |
| Year 25 | $30,846 | $20,921 | $9,925 | — | $129,724 | $298,276 |
| Year 26 | $30,846 | $22,440 | $8,406 | — | $107,283 | $320,717 |
| Year 27 | $30,846 | $24,070 | $6,776 | — | $83,214 | $344,786 |
| Year 28 | $30,846 | $25,818 | $5,029 | — | $57,396 | $370,604 |
| Year 29 | $30,846 | $27,692 | $3,154 | — | $29,704 | $398,296 |
| Year 30 | $30,847 | $29,704 | $1,143 | — | $0 | $428,000 |
Maryland mortgage data
- Typical home value
- $428,308
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.92%
- $3,938/yr on a $428,000 home
- Average homeowners insurance
- $1,918/yr
- $160/mo
- 2026 conforming loan limit
- $832,750 – $1,249,125
- 24 counties
- High-cost counties
- 5
- Limit above $832,750
- 2026 FHA loan limit (1-unit)
- $541,287 – $1,249,125
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Maryland?
Highest price where principal, interest, Maryland property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $137,000 | $13,700 | 32% |
| $75,000 | $1,750 | $217,000 | $21,700 | 51% |
| $100,000 | $2,333 | $297,000 | $29,700 | 69% |
| $125,000 | $2,917 | $377,000 | $37,700 | 88% |
| $150,000 | $3,500 | $456,000 | $45,600 | 106% |
| $200,000 | $4,667 | $616,000 | $61,600 | 144% |
| $250,000 | $5,833 | $775,000 | $77,500 | 181% |
Maryland mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Maryland property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,305 | $56,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,495 | $65,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,686 | $73,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,877 | $81,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,068 | $89,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,259 | $97,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,449 | $105,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,640 | $114,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,831 | $122,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,022 | $130,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,212 | $138,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,403 | $146,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,594 | $155,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,785 | $163,000 | Conforming |
| $500,000 mortgage | $3,337 | $3,976 | $171,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,166 | $179,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,357 | $187,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,548 | $195,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,739 | $204,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,930 | $212,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,120 | $220,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,311 | $228,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,502 | $236,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,693 | $244,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,883 | $253,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,074 | $261,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,265 | $269,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,456 | $277,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,647 | $285,000 | Jumbo in most counties |
| $875,000 mortgage | $5,839 | $6,837 | $294,000 | Jumbo in most counties |
| $900,000 mortgage | $6,006 | $7,028 | $302,000 | Jumbo in most counties |
| $925,000 mortgage | $6,173 | $7,219 | $310,000 | Jumbo in most counties |
| $950,000 mortgage | $6,340 | $7,410 | $318,000 | Jumbo in most counties |
| $975,000 mortgage | $6,506 | $7,601 | $326,000 | Jumbo in most counties |
| $1,000,000 mortgage | $6,673 | $7,791 | $334,000 | Jumbo in most counties |
| $1,100,000 mortgage | $7,341 | $8,555 | $367,000 | Jumbo in most counties |
| $1,200,000 mortgage | $8,008 | $9,318 | $400,000 | Jumbo in most counties |
| $1,300,000 mortgage | $8,675 | $10,081 | $433,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,844 | $465,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,607 | $498,000 | Jumbo |
Loan programs compared in Maryland
$428,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $42,800 | $385,200 | — | $231 PMI | $3,290 | 7.488% |
| FHA | 3.5% · $14,980 | $420,248 | UFMIP $7,228 | $192 MIP | $3,484 | 7.761% |
| VA | 0% · $0 | $437,202 | Funding fee $9,202 | $0 | $3,405 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $85,600 | $342,400 | — | $0 | $2,773 | 7.030% |
Maryland high-cost counties (2026)
5 counties have a one-unit conforming limit above the $832,750 baseline. Loans up to these amounts are conforming, not jumbo.
- Charles County$1,249,125
- Frederick County$1,249,125
- Montgomery County$1,249,125
- Prince George'S County$1,249,125
- Calvert County$1,209,750
Frequently asked questions
What is the monthly mortgage payment on a $428,000 home in Maryland?
$428,000 is the typical Maryland home value. With 10% down on a conventional loan, the estimated payment is $3,290 per month ($2,571 principal & interest, $328 property tax, $160 insurance, $231 PMI) at 7.03% for 30 years, including Maryland's 0.92% effective property tax rate.
What is the 2026 conforming loan limit in Maryland?
$832,750 in most counties and up to $1,249,125 in 5 high-cost counties, including Charles County, Frederick County, Montgomery County.
How much income do I need for a $428,000 home in Maryland?
About $141,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Maryland on a $100,000 salary?
About $297,000 with 10% down, keeping the payment (including Maryland property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Maryland home ($428,308) needs roughly $141,000 a year.
Explore related calculators
Maryland calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.