Maryland Mortgage Calculator
See your monthly payment on a Maryland home, including property tax at the state average of 1%.
Monthly payment in Maryland
With 20% down, a 30-year loan at 6.5% and Maryland's effective property tax of 1%:
| Home price | Principal and interest | Property tax | Insurance (est.) | Total per month |
|---|---|---|---|---|
| $250,000 | $1,264 | $208 | $150 | $1,622 |
| $300,000 | $1,517 | $250 | $150 | $1,917 |
| $400,000 | $2,023 | $333 | $150 | $2,506 |
| $500,000 | $2,528 | $417 | $150 | $3,095 |
| $600,000 | $3,034 | $500 | $150 | $3,684 |
The 6.5% rate is an example. Current rates change weekly; see Freddie Mac for the latest average.
Property tax in Maryland
The effective property tax rate in Maryland is about 1% of a home's value each year. On a $400,000 home that is roughly $4,000 a year or $333 a month. Actual bills depend on county, school district and exemptions.
How Maryland property tax compares
The average effective property tax rate across states is about 0.99%. Maryland ranks number 31 of 51 from lowest to highest. States with the closest rates:
| State | Effective rate | Monthly tax on $400,000 |
|---|---|---|
| Oklahoma | 0.89% | $297 |
| Missouri | 0.91% | $303 |
| North Dakota | 0.92% | $307 |
| Maryland | 1% | $333 |
| Alaska | 1.04% | $347 |
| Minnesota | 1.05% | $350 |
| South Dakota | 1.14% | $380 |
15-year or 30-year loan?
| Loan on $320,000 at 6.5% | Monthly principal and interest | Total interest |
|---|---|---|
| 30-year fixed | $2,023 | $408,142 |
| 15-year fixed | $2,788 | $181,758 |
A 15-year loan costs more each month but saves a large amount of interest. Property tax and insurance in Maryland come on top of either payment.
Frequently asked questions
How much is a $400,000 mortgage payment in Maryland?
With 20% down at 6.5% for 30 years the payment is about $2,506 a month including estimated tax and insurance.
Sources and method
Page last updated November 2026. See our editorial policy and disclaimer.