Maryland Mortgage Calculator (2026)
Calculate your monthly payment with Maryland-specific property tax (1.09%) and average insurance ($1,390/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $321.65 | $2,289.00 | $163.50 | $392,078 |
| 2 | $323.52 | $2,287.12 | $163.50 | $391,755 |
| 3 | $325.41 | $2,285.24 | $163.50 | $391,429 |
| 4 | $327.31 | $2,283.34 | $163.50 | $391,102 |
| 5 | $329.22 | $2,281.43 | $163.50 | $390,773 |
| 6 | $331.14 | $2,279.51 | $163.50 | $390,442 |
| 7 | $333.07 | $2,277.58 | $163.50 | $390,109 |
| 8 | $335.01 | $2,275.63 | $163.50 | $389,774 |
| 9 | $336.97 | $2,273.68 | $163.50 | $389,437 |
| 10 | $338.93 | $2,271.71 | $163.50 | $389,098 |
| 11 | $340.91 | $2,269.74 | $163.50 | $388,757 |
| 12 | $342.90 | $2,267.75 | $163.50 | $388,414 |
| 24 | $367.69 | $2,242.96 | $163.50 | $384,140 |
| 36 | $394.27 | $2,216.38 | $163.50 | $379,557 |
| 48 | $422.77 | $2,187.88 | $163.50 | $374,642 |
| 60 | $453.33 | $2,157.32 | $163.50 | $369,372 |
| 72 | $486.10 | $2,124.55 | $163.50 | $363,722 |
| 84 | $521.24 | $2,089.40 | $163.50 | $357,662 |
| 96 | $558.92 | $2,051.72 | $163.50 | $351,165 |
| 108 | $599.33 | $2,011.32 | $163.50 | $344,198 |
| 120 | $642.65 | $1,967.99 | — | $336,728 |
| 132 | $689.11 | $1,921.54 | — | $328,717 |
| 144 | $738.93 | $1,871.72 | — | $320,128 |
| 156 | $792.34 | $1,818.30 | — | $310,917 |
| 168 | $849.62 | $1,761.03 | — | $301,040 |
| 180 | $911.04 | $1,699.61 | — | $290,450 |
| 192 | $976.90 | $1,633.75 | — | $279,094 |
| 204 | $1,047.52 | $1,563.13 | — | $266,917 |
| 216 | $1,123.25 | $1,487.40 | — | $253,860 |
| 228 | $1,204.44 | $1,406.20 | — | $239,859 |
| 240 | $1,291.51 | $1,319.13 | — | $224,846 |
| 252 | $1,384.88 | $1,225.77 | — | $208,747 |
| 264 | $1,484.99 | $1,125.66 | — | $191,485 |
| 276 | $1,592.34 | $1,018.31 | — | $172,974 |
| 288 | $1,707.45 | $903.20 | — | $153,126 |
| 300 | $1,830.88 | $779.76 | — | $131,843 |
| 312 | $1,963.24 | $647.41 | — | $109,021 |
| 324 | $2,105.16 | $505.49 | — | $84,550 |
| 336 | $2,257.34 | $353.30 | — | $58,309 |
| 348 | $2,420.53 | $190.12 | — | $30,172 |
| 360 | $2,595.51 | $15.14 | — | $0 |
What the payment actually costs
Expect roughly $4,360 a year in property tax on a $400,000 home here. Maryland's effective rate of 1.09% ranks 20th of 51, compared with about 1.10% nationally — $363 a month that never appears in a quoted mortgage payment.
Homeowners insurance runs about $1,390 a year in Maryland, 30th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $479 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Maryland taxes both income and property, so neither side offsets the other. Property tax at 1.09% ranks 20th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. Maryland runs about 8% above national-average costs, so the same 1.09% rate applies to a larger assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.