FHA Loan Calculator — Maryland
On the typical Maryland home ($428,000), 3.5% down leaves a $413,020 base loan. The 1.75% upfront premium ($7,228) is financed, for a $420,248 loan, and annual MIP of 0.55% adds $192 a month for the life of the loan. Maryland FHA limits run $541,287–$1,249,125 by county.
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.
Loan Parameters
Total Monthly Payment
$3,484
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$589,334
Total Cost
$1,231,355
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $33,653 | $4,244 | $29,408 | $2,301 | $416,004 | $11,996 |
| Year 2 | $33,653 | $4,552 | $29,100 | $2,277 | $411,451 | $16,549 |
| Year 3 | $33,653 | $4,883 | $28,770 | $2,251 | $406,568 | $21,432 |
| Year 4 | $33,653 | $5,238 | $28,415 | $2,223 | $401,331 | $26,669 |
| Year 5 | $33,653 | $5,618 | $28,035 | $2,193 | $395,713 | $32,287 |
| Year 6 | $33,653 | $6,026 | $27,627 | $2,161 | $389,687 | $38,313 |
| Year 7 | $33,653 | $6,463 | $27,189 | $2,127 | $383,224 | $44,776 |
| Year 8 | $33,653 | $6,933 | $26,720 | $2,091 | $376,291 | $51,709 |
| Year 9 | $33,653 | $7,436 | $26,217 | $2,051 | $368,855 | $59,145 |
| Year 10 | $33,653 | $7,976 | $25,677 | $2,009 | $360,879 | $67,121 |
| Year 11 | $33,653 | $8,555 | $25,098 | $1,964 | $352,324 | $75,676 |
| Year 12 | $33,653 | $9,176 | $24,476 | $1,915 | $343,148 | $84,852 |
| Year 13 | $33,653 | $9,843 | $23,810 | $1,863 | $333,305 | $94,695 |
| Year 14 | $33,653 | $10,557 | $23,096 | $1,807 | $322,748 | $105,252 |
| Year 15 | $33,653 | $11,324 | $22,329 | $1,747 | $311,424 | $116,576 |
| Year 16 | $33,653 | $12,146 | $21,507 | $1,683 | $299,278 | $128,722 |
| Year 17 | $33,653 | $13,028 | $20,625 | $1,614 | $286,251 | $141,749 |
| Year 18 | $33,653 | $13,974 | $19,679 | $1,540 | $272,277 | $155,723 |
| Year 19 | $33,653 | $14,988 | $18,664 | $1,460 | $257,288 | $170,712 |
| Year 20 | $33,653 | $16,077 | $17,576 | $1,375 | $241,212 | $186,788 |
| Year 21 | $33,653 | $17,244 | $16,409 | $1,284 | $223,967 | $204,033 |
| Year 22 | $33,653 | $18,496 | $15,156 | $1,186 | $205,471 | $222,529 |
| Year 23 | $33,653 | $19,839 | $13,813 | $1,081 | $185,632 | $242,368 |
| Year 24 | $33,653 | $21,280 | $12,373 | $968 | $164,352 | $263,648 |
| Year 25 | $33,653 | $22,825 | $10,828 | $847 | $141,527 | $286,473 |
| Year 26 | $33,653 | $24,482 | $9,171 | $717 | $117,045 | $310,955 |
| Year 27 | $33,653 | $26,260 | $7,393 | $578 | $90,786 | $337,214 |
| Year 28 | $33,653 | $28,167 | $5,486 | $429 | $62,619 | $365,381 |
| Year 29 | $33,653 | $30,212 | $3,441 | $269 | $32,407 | $395,593 |
| Year 30 | $33,655 | $32,407 | $1,247 | $98 | $0 | $428,000 |
FHA Loan numbers for Maryland
- Typical Maryland home value
- $428,000
- 3.5% down ($14,980) · Zillow, August 31, 2026
- Loan amount
- $420,248
- Includes $7,228 financed UFMIP
- Estimated monthly payment
- $3,484
- APR 7.761%
- Maryland property tax
- 0.92%
- $328/mo
- Homeowners insurance
- $1,918/yr
- $160/mo
- Upfront MIP (1.75%)
- $7,228
- Financed into the loan
- Annual MIP
- 0.55%
- $192/mo in year 1 · life of loan
- Maryland FHA loan limit
- $541,287 – $1,249,125
- One-unit, by county
How much house can you afford in Maryland with an fha loan?
Highest price where principal, interest, Maryland property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $99,000 | $3,465 | 23% |
| $50,000 | $1,167 | $129,000 | $4,515 | 30% |
| $60,000 | $1,400 | $159,000 | $5,565 | 37% |
| $75,000 | $1,750 | $204,000 | $7,140 | 48% |
| $100,000 | $2,333 | $279,000 | $9,765 | 65% |
| $125,000 | $2,917 | $354,000 | $12,390 | 83% |
| $150,000 | $3,500 | $429,000 | $15,015 | 100% |
FHA vs other loan types 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 payment on a $428,000 home with an fha loan in Maryland?
Estimated $3,484 per month ($2,804 principal & interest, $328 property tax, $160 insurance, $192 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Maryland for 2026?
Between $541,287 and $1,249,125 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.