Strategic Mortgage Solutions for DC, Maryland, and Virginia

The Payment and Cash to Close Calculator from Downs Mortgage Group estimates the full monthly mortgage payment and total cash required to close on a home purchase in Maryland, Virginia, or Washington, DC. It itemizes lender charges, third party fees, and prepaid escrows the same way an official loan quote does. Maryland calculations include exact county transfer and recordation tax formulas for all 23 Maryland jurisdictions served, the 0.25 percent buyer share of the Maryland state transfer tax with the first-time Maryland homebuyer exemption, and first-time buyer county-level reductions in Cecil, Caroline, and Queen Anne's counties. Virginia uses combined transfer taxes of 0.3333 percent applied to the sale price plus loan amount. Washington, DC applies 1.1 percent recordation and transfer tax below 400,000 dollars and 1.45 percent at or above it, with the DC first-time homebuyer reduced recordation rate of 0.725 percent for purchases under 777,000 dollars when household income is within the program limits by household size. Loan types include Conventional, FHA with 1.75 percent upfront mortgage insurance premium and annual MIP calculated on the average first-year balance, and VA with funding fees of 2.15, 1.5, or 1.25 percent based on down payment for first use. 2026 FHA loan limits are applied by county tier: 1,249,125 dollars in the DC metro tier, 747,500 dollars in the Baltimore metro tier, 541,287 dollars at the standard floor, and 630,200 dollars in Cecil County. Condominium purchases adjust the insurance to HO6 rates, add a condo questionnaire fee, and include the monthly condo fee in the payment. Estimates only; an official Loan Estimate should be obtained before choosing a loan. Downs Mortgage Group, Vellum Mortgage, serves DC, Maryland, and Virginia. Phone 202-899-2603.