Serving Homebuyers in Baltimore
Last Updated: 2026

Baltimore, MD Mortgage Calculator

Calculate your monthly mortgage payment in Baltimore, MD. Estimate principal, interest, property taxes, insurance, and HOA.

Estimates are based on typical housing cost data for the Baltimore area. For informational purposes only.

Baltimore Calculator

Estimate Your Monthly Payment in Baltimore

Pre-filled with typical Baltimore housing costs. Adjust inputs to match your scenario.

Loan Details

$
$50K$2M
$
%
%

Based on current market rates

Taxes & Insurance

$

Annual

$

Annual

Additional Fees

$

Applied when down payment < 20%

Location

Used for local tax & insurance estimates

💡 The typical property tax rate in Baltimore is: 2.25%

Estimated Monthly Payment

$2,780

30-year fixed
Loan: $340,000
P&I79%
Principal & Interest
79%$2,205
Property Tax
15%$425
Insurance
5%$150
HOA Dues
0%$0
PMI
0%$0
Total Monthly$2,780

Compare rates from multiple lenders

For a typical home in the Baltimore area, your estimated monthly payment is $2,780.

Baltimore, MD

Housing Costs in Baltimore, Maryland

Key housing cost data for homebuyers in the Baltimore metro area.

Median Home Price

$220,000

-48% vs. national

Property Tax Rate

2.25%

National avg: 0.99%

Avg. Insurance

$1,700/yr

Annual premium estimate

Typical HOA Fees

$200/mo

Where applicable

Baltimore offers housing prices well below the state median due to Maryland's expensive suburban markets. The city provides value for buyers willing to navigate a market with significant neighborhood variation.

vs. Maryland Average

-44%

State median: $395,000

vs. National Average

-48%

National median: $420,000

Scenarios

Home Buying Scenarios in Baltimore

Explore typical price ranges for homes in the Baltimore market.

Entry-Level in Baltimore

Home Price$140,000
Down Payment5%
Interest Rate7%

Est. Monthly Payment

$1,320/mo

Most Common

Mid-Range in Baltimore

Home Price$220,000
Down Payment15%
Interest Rate6.75%

Est. Monthly Payment

$1,780/mo

High-End in Baltimore

Home Price$420,000
Down Payment20%
Interest Rate6.5%

Est. Monthly Payment

$2,900/mo

Dashboard

Affordability Insights

Key financial metrics based on your current scenario to help you plan ahead.

Guideline

Recommended Income

$119,143/yr

Based on 28% housing ratio

Standard

Target DTI Ratio

≤ 36%

Recommended debt-to-income

Estimated

Upfront Cash Needed

$97,750

Down payment + ~3% closing costs

Projection

5-Year Cost Snapshot

$166,800

Total payments over 60 months

Local Insights

Buying a Home in Baltimore

Key considerations for homebuyers in the Baltimore, MD market.

Market Position

Baltimore offers housing prices well below the state median due to Maryland's expensive suburban markets. The city provides value for buyers willing to navigate a market with significant neighborhood variation.

Tax Characteristics

Baltimore City has one of the highest property tax rates in Maryland at approximately 2.25%. This is a critical cost factor that significantly impacts monthly housing expenses.

Insurance Considerations

Insurance costs are moderate, though some waterfront and older properties may face higher premiums. Buyers should verify flood zone status near the Inner Harbor and coastal areas.

Affordability

Low home prices make Baltimore accessible to households earning approximately $55,000, but high property taxes increase the effective monthly cost.

Baltimore Mortgage FAQ

Common questions about buying a home in Baltimore, MD

Sarah Mitchell, CFP®

Verified Reviewer

Certified Financial Planner · 12+ years in mortgage lending

Content reviewed for accuracy and compliance

Important Disclaimer

This calculator provides estimates only and is not a commitment to lend. Results are based on the information you provide and may not reflect all costs associated with obtaining a mortgage.

Rates, taxes, insurance premiums, and fees vary by lender, location, and individual borrower qualifications. Consult a licensed mortgage professional for exact loan terms and personalized advice.

Financial Editorial Team
Last updated: April 3, 2026
Free, no obligation

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