VA Loan Calculator — Maryland
An eligible VA borrower can buy the typical Maryland home ($428,000) with no down payment. The 2.15% first-use funding fee ($9,202) is rolled into a $437,202 loan, and there is no monthly mortgage insurance — saving about $192 a month versus FHA MIP on the same home.
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
$3,405
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$613,109
Total Cost
$1,225,976
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $35,010 | $4,416 | $30,595 | — | $432,786 | -$4,786 |
| Year 2 | $35,010 | $4,736 | $30,274 | — | $428,050 | -$50 |
| Year 3 | $35,010 | $5,080 | $29,930 | — | $422,970 | $5,030 |
| Year 4 | $35,010 | $5,449 | $29,561 | — | $417,521 | $10,479 |
| Year 5 | $35,010 | $5,845 | $29,166 | — | $411,677 | $16,323 |
| Year 6 | $35,010 | $6,269 | $28,741 | — | $405,408 | $22,592 |
| Year 7 | $35,010 | $6,724 | $28,286 | — | $398,684 | $29,316 |
| Year 8 | $35,010 | $7,212 | $27,798 | — | $391,472 | $36,528 |
| Year 9 | $35,010 | $7,736 | $27,274 | — | $383,736 | $44,264 |
| Year 10 | $35,010 | $8,298 | $26,713 | — | $375,438 | $52,562 |
| Year 11 | $35,010 | $8,900 | $26,110 | — | $366,538 | $61,462 |
| Year 12 | $35,010 | $9,546 | $25,464 | — | $356,991 | $71,009 |
| Year 13 | $35,010 | $10,240 | $24,771 | — | $346,752 | $81,248 |
| Year 14 | $35,010 | $10,983 | $24,027 | — | $335,768 | $92,232 |
| Year 15 | $35,010 | $11,781 | $23,230 | — | $323,988 | $104,012 |
| Year 16 | $35,010 | $12,636 | $22,374 | — | $311,352 | $116,648 |
| Year 17 | $35,010 | $13,554 | $21,457 | — | $297,798 | $130,202 |
| Year 18 | $35,010 | $14,538 | $20,473 | — | $283,261 | $144,739 |
| Year 19 | $35,010 | $15,593 | $19,417 | — | $267,667 | $160,333 |
| Year 20 | $35,010 | $16,725 | $18,285 | — | $250,942 | $177,058 |
| Year 21 | $35,010 | $17,940 | $17,070 | — | $233,002 | $194,998 |
| Year 22 | $35,010 | $19,242 | $15,768 | — | $213,760 | $214,240 |
| Year 23 | $35,010 | $20,640 | $14,371 | — | $193,120 | $234,880 |
| Year 24 | $35,010 | $22,138 | $12,872 | — | $170,982 | $257,018 |
| Year 25 | $35,010 | $23,746 | $11,265 | — | $147,236 | $280,764 |
| Year 26 | $35,010 | $25,470 | $9,540 | — | $121,766 | $306,234 |
| Year 27 | $35,010 | $27,319 | $7,691 | — | $94,446 | $333,554 |
| Year 28 | $35,010 | $29,303 | $5,707 | — | $65,143 | $362,857 |
| Year 29 | $35,010 | $31,431 | $3,580 | — | $33,713 | $394,287 |
| Year 30 | $35,010 | $33,713 | $1,298 | — | $0 | $428,000 |
VA Loan numbers for Maryland
- Typical Maryland home value
- $428,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $437,202
- Includes $9,202 financed funding fee
- Estimated monthly payment
- $3,405
- APR 7.242%
- Maryland property tax
- 0.92%
- $328/mo
- Homeowners insurance
- $1,918/yr
- $160/mo
- VA funding fee (first use)
- 2.15% · $9,202
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $192/mo
- Same $428,000 home, FHA at 3.5% down
How much house can you afford in Maryland with a va loan?
Highest price where principal, interest, Maryland property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $132,000 | $0 | 31% |
| $75,000 | $1,750 | $209,000 | $0 | 49% |
| $100,000 | $2,333 | $286,000 | $0 | 67% |
| $125,000 | $2,917 | $363,000 | $0 | 85% |
| $150,000 | $3,500 | $440,000 | $0 | 103% |
| $200,000 | $4,667 | $594,000 | $0 | 139% |
| $250,000 | $5,833 | $748,000 | $0 | 175% |
VA 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% |
Frequently asked questions
What is the monthly payment on a $428,000 home with a va loan in Maryland?
Estimated $3,405 per month ($2,918 principal & interest, $328 property tax, $160 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $428,000 Maryland home?
$9,202 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
Explore related calculators
Compare in Maryland
VA Loan calculator in nearby states
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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.