Maryland Mortgage Calculator
Calculate your monthly mortgage payment for homes in Maryland, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Maryland is different
Maryland has both state and local income taxes.
State Income Tax
2% - 5.75%
Base Sales Tax
6%
State Min Wage
$15.00 / hr
Abbreviation
MD
Maryland Mortgage Interactive Tool
This calculator uses the latest 2026 data for Maryland, including the minimum wage of $15.00 and the specific state income tax rates (2% - 5.75%).
Frequently Asked Questions about Maryland Mortgage
How much are typical closing costs in Maryland?
Closing costs in Maryland typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Maryland?
Buying a home in Maryland requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.