Maryland Mortgage Calculator
Full PITI payment including taxes, insurance, PMI, and HOA.
Property tax is estimated using Maryland's average effective rate of 1.00%. PMI of 0.6%/yr is applied automatically when your down payment is below 20%.
30-year fixed mortgage rate, historical average
6.90% in 2026 (YTD)View as table
| Year | Avg. rate |
|---|---|
| 2000 | 8.08% |
| 2001 | 7.01% |
| 2002 | 6.57% |
| 2003 | 5.89% |
| 2004 | 5.88% |
| 2005 | 5.93% |
| 2006 | 6.47% |
| 2007 | 6.40% |
| 2008 | 6.23% |
| 2009 | 5.38% |
| 2010 | 4.86% |
| 2011 | 4.65% |
| 2012 | 3.88% |
| 2013 | 4.16% |
| 2014 | 4.31% |
| 2015 | 3.99% |
| 2016 | 3.79% |
| 2017 | 4.14% |
| 2018 | 4.70% |
| 2019 | 4.13% |
| 2020 | 3.38% |
| 2021 | 3.15% |
| 2022 | 5.53% |
| 2023 | 7.00% |
| 2024 | 6.90% |
| 2025 | 6.66% |
| 2026 (YTD) | 6.90% |
U.S. national annual average, not specific to Maryland. Source: Freddie Mac PMMS via Bankrate.
- Principal & interest81%$2,022.62
- Property tax13%$333.33
- Home insurance6%$150.00
Buying a home in Maryland
Your total monthly mortgage payment in Maryland includes more than just principal and interest — property tax (averaging 1.00% of home value per year here) and homeowners insurance both add to the bill, and PMI kicks in automatically if your down payment is under 20%.
Mortgage rates themselves aren't set by state — they follow national markets — but property tax, insurance costs, and closing requirements do vary by state and county.
Frequently asked questions
What does PITI mean?+
PITI stands for Principal, Interest, Taxes, and Insurance — the four components that typically make up a full monthly mortgage payment through an escrow account.
When can I remove PMI?+
Private mortgage insurance (PMI) is usually required when your down payment is under 20%. You can typically request removal once you've built 20% equity, and it's automatically removed at 22% equity under federal law for most conventional loans.
How much is property tax in Maryland?+
The statewide average effective property tax rate in Maryland is about 1.00% of assessed home value per year, though it varies by county.
What's a typical monthly payment on a $400,000 home in Maryland?+
On a $400,000 home with 20% down, a 30-year loan at today's ~6.90% average rate, and Maryland's property tax rate, the full monthly payment (principal, interest, taxes, and insurance) comes to about $2,590.85.