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Why Home Buyers Choose Our Maryland Mortgage Calculator
Maryland's county transfer tax system is genuinely one of the most complicated in the country, and most online calculators just ignore it entirely or use a flat estimate. That's a problem, because the difference between Somerset County at 0.33% and Baltimore City's variable rate, which can push past 1.5% on higher-priced homes, is real money at your closing table.
So we built this calculator to handle all of it. All 23 counties, state and county transfer taxes calculated separately, title insurance, recording fees, settlement costs, and escrow accounts that are actually sized correctly. Not a ballpark. Real Maryland numbers.
Payment & Cash to Close Calculator
Estimate your true monthly payment and total cash needed to buy in Maryland, Virginia & Washington, DC
| Estimated Closing Costs & Prepaids | Amount |
|---|---|
| Lender Charges | |
| Lender Processing/UW Fee | $0 |
| Appraisal Fee | $0 |
| Flood Cert | $0 |
| Credit Report | $0 |
| Tax Service Fee | $0 |
| Lender Charges Total | $0 |
| Third Party Fees | |
| Settlement Fee / Title Company | $0 |
| Lenders and Owners Title Insurance | $0 |
| County Transfer Taxes | $0 |
| State Transfer Tax | $0 |
| Survey | $0 |
| Recording Fees | $0 |
| Realtor Admin Fee | $0 |
| Third Party Fees Total | $0 |
| Prepaids & Escrows | |
| Interest (10 days) | $0 |
| Initial Hazard Premium (12 months) | $0 |
| Hazard Escrow (3 months) | $0 |
| County Tax Escrow (9 months) | $0 |
| Prepaids & Escrows Total | $0 |
| Total Closing Costs & Prepaids | $0 |
What Do the Numbers Look Like? A Worked Example
For a $750,000 single-family home in Montgomery County, Maryland with 10% down ($75,000) on a 30-year fixed conventional loan at 6.250%, this Maryland mortgage calculator estimates a total monthly payment of about $5,065 (principal, interest, taxes, and insurance) and roughly $102,666 in total cash to close. That figure combines the $75,000 down payment with about $27,666 in closing costs and prepaid escrows, including Montgomery County's transfer and recordation taxes.
First-time Maryland buyers pay less than this: toggling the first-time buyer option above removes the buyer's quarter-percent share of the state transfer tax from the math.
Example computed August 2026 at then-current rates using the calculator's default scenario. Rates change daily; run your own numbers above for today's estimate, and get an official Loan Estimate before choosing a loan.
How Much Are Closing Costs in Maryland?
Closing costs and prepaids in Maryland typically run 3% to 5% of the purchase price for a buyer. On a $600,000 home, that is roughly $18,150 to $26,750. The range is wide because every county sets its own transfer and recordation tax rates on top of the state transfer tax. First-time Maryland buyers pay less because they skip their quarter-percent share of the state transfer tax. This Maryland closing cost calculator automatically applies your exact county rate. That bottom number in the calculator is your full cash to close: your down payment plus closing costs and prepaids.
A few things worth knowing about how the estimates work
If you haven't found a property yet, we estimate property taxes at 1% of the purchase price annually. That's a reasonable Maryland average, but the real number varies by county. If you already have a specific property in mind, reach out to us directly for a more accurate payment and cash-to-close figure. You can also add any monthly HOA dues in the calculator.
Private Mortgage Insurance (PMI) is one of the most complicated numbers in any mortgage estimate because lenders calculate it using more than 20 personal variables, including your credit score, loan-to-value ratio, loan type, and the property itself. The figure shown here uses a standard average with a slight upward bias, so your actual PMI will likely be equal to or slightly lower than what you see. Read our full guide on how Private Mortgage Insurance (PMI) works and when it goes away.
Get a Personal Analysis of Your Numbers
The calculator gives you a strong starting point. But your actual rate, your county's exact fees, and any down payment assistance you may qualify for can change this picture significantly. Let's run your specific scenario together, no credit pull required.
*100% Confidential. No sales pressure, just honest numbers.
What Rate Should You Use?
Mortgage rates change every day. Sometimes two or three times in a single day. So whatever you punch into this calculator, treat it as a snapshot, not a guarantee.
Rates are driven by a combination of inflation expectations and the overall strength of the global economy. Here's the simple version: when inflation is dropping and the economy is softening, rates tend to improve. When the economy is running hot and inflation is climbing, rates go the other way. We lived through the extreme version of the post-pandemic period, with the highest inflation in several decades, even as the economy kept expanding. Rates more than doubled in less than two years.
As of November 2026, mortgage rates are at their highest levels of the year. Inflation is rising again, the Federal Reserve is talking tough, and the market now expects a few rate hikes. The economy is also doing well, helped by an AI infrastructure buildout that keeps gaining steam. Strong growth and rising inflation are the combination that pushes rates up. Fannie Mae’s October 2026 Housing Forecast projects the 30-year fixed rate averaging 7.5% through all of 2027. If you are running numbers for a 2027 purchase, a rate in that range is a reasonable starting point for this calculator.
Our job at The Downs Mortgage Group isn't to predict rates. Nobody does that reliably. Our job is to help you understand what's driving the market and how that should factor into your homebuying timeline and strategy.
Rates Up? Your Tax Refund Goes Up Too.
As rates rise, your monthly payment increases. But so does your mortgage interest deduction, which means a bigger tax refund. Before you assume a higher rate is a dealbreaker, check what it actually costs you after taxes.
Rates shown are national market averages from Mortgage News Daily. DC Metro borrowers typically qualify for rates slightly below these averages due to larger loan sizes and stronger local credit profiles.
Maryland Mortgage Calculator FAQs
More Maryland Tools and Guides
Check your Maryland Mortgage Program eligibility, see what your current home will net when it sells, and read the full guide to closing costs.
Looking for a different tool? See all of my calculators
