Baltimore, Maryland Mortgage Calculator - Estimate Your Monthly Payment with Taxes, PMI & Insurance
Baltimore uses Baltimore City's independent property-tax planning benchmark (~2.40%), separate from Baltimore County suburban rates. On a $400,000 Baltimore example with 20% down at 6.5% for 30 years, principal and interest are about $2,023; tax escrow at ~2.40% is about $800/mo, for estimated PITI near $2,923 before PMI. Confirm the parcel's overlapping districts before treating escrow as final.
Loan Details
$70,000 · LTV 80%
Buyer Profile
Extra Payment
Optional principal-only payment used to estimate payoff speed and interest savings.
Monthly Payment
$1,770 Principal & Interest · $700 Property Taxes · $125 Other
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Methodology and limitations
Last reviewed:
Methodology
Uses standard principal-and-interest mortgage math, then models housing-cost inputs such as tax, insurance, PMI, and extra-payment scenarios where available. National pages include worked PITI, term, and PMI comparison examples for planning. Local HMDA denial context and Freddie Mac PMMS rate history snapshots were re-verified on the last-reviewed date.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Baltimore, Maryland Mortgage Calculator - Estimate Your Monthly Payment with Taxes, PMI & Insurance
Maryland · Baltimore City
Baltimore uses Baltimore City's independent property-tax planning benchmark (~2.40%), separate from Baltimore County suburban rates. On a $400,000 Baltimore example with 20% down at 6.5% for 30 years, principal and interest are about $2,023; tax escrow at ~2.40% is about $800/mo, for estimated PITI near $2,923 before PMI. Confirm the parcel's overlapping districts before treating escrow as final.
Use this mortgage calculator for Baltimore, Maryland to estimate the monthly payment with principal, interest, configured annual taxes, eligible exemptions, and assistance programs when the buyer profile matches the conditions.
Enter your income to see your approval odds in Baltimore, Maryland — based on 9,620 2025 HMDA applications.
What This Estimate Uses
- Geographic level: city
- Configured property tax rate: 2.40%
- Configured benefits or exemptions: 2
- Reviewed sources: 4
What Changes in Baltimore, Maryland
- Data level used: city. This page uses the most specific available data layer for Baltimore, Maryland.
- Configured combined annual property tax rate: 2.40% before exemptions and buyer-specific conditions are applied.
- Configured down payment assistance programs: Maryland Mortgage Program Down Payment Assistance.
Local Tax Assumptions
These are the annual tax assumptions configured for this page. The calculator applies them to the appropriate value, then accounts for exemptions or conditions when the buyer selects them.
- Maryland Local Property Tax - 2.400%
Programs and Exemptions Included
These benefits do not mean automatic approval. The calculator models them when the buyer inputs match the configured eligibility conditions.
- Maryland Mortgage Program Down Payment Assistance - $6,000 (requires: first-time buyer, primary residence)
- Mortgage Credit Certificate (MCC) - 20% of mortgage interest (requires: first-time buyer, primary residence, buyer has a Mortgage Credit Certificate)
When This Estimate Can Change
- The actual property tax bill depends on the address, overlapping taxing jurisdictions, approved exemptions, and appraised value.
- Home insurance, flood insurance, HOA dues, and PMI can vary by property, lender, and buyer profile.
- Configured closing costs include Maryland State Transfer Tax, Maryland Recordation Tax, but other settlement charges may appear on a real loan estimate.
2026 Loan Limits in Baltimore City, Maryland
In Baltimore City, Maryland, the 2026 FHFA conforming loan limit for a one-unit home is $832,750. The approximated FHA one-unit limit is $541,288. The national baseline is $832,750.
Loan limits are set at the county level, not the city alone.
| Units | Conforming (FHFA) | FHA (approx.) |
|---|---|---|
| 1-unit (single-family) | $832,750 | $541,288 |
| 2-unit | $1,066,250 | $693,109 |
| 3-unit | $1,288,800 | $837,721 |
| 4-unit | $1,601,750 | $1,040,976 |
National baseline (1-unit): $832,750
Source: FHFA conforming loan limits 2026 · Snapshot verified · Methodology & CSV
2025 Local Home-Purchase Mortgage Market in Baltimore City, Maryland
Local home-purchase mortgage market context for Baltimore City, Maryland: in 2025 Home Mortgage Disclosure Act (HMDA) data, Baltimore City logged 9,620 final-action applications. The mortgage denial rate was 11.13% and the originated share was 64.56%.
These figures reflect the county market, not the city alone.
| Metric | Baltimore City | State |
|---|---|---|
| Final-action applications | 9,620 | 91,510 |
| Mortgage denial rate | 11.13% | 9.03% |
| Originated share | 64.56% | 69.65% |
Source: FFIEC HMDA (modified LAR, home purchase) 2025 · Snapshot verified · Texas vs California mortgage denial rates (methodology)
ACS 2019-2023 Housing Costs in Baltimore City, Maryland
In ACS 2023 (2019-2023), the median home value in Baltimore City, Maryland is $219,300; the median effective property tax rate (taxes ÷ value) is 1.48%; the median price-to-income ratio is 3.7×; 31.1% of owners with a mortgage pay ≥30% of income on housing.
These ACS figures reflect the county, not the city alone.
| Metric | Baltimore City |
|---|---|
| Median home value | $219,300 |
| Median real estate taxes | $3,236 |
| Median household income | $59,623 |
| Median monthly owner costs (w/ mortgage) | $1,743 |
| Median effective tax rate (tax ÷ value) | 1.48% |
| Price-to-income ratio | 3.7× |
| Cost burden ≥30% (with mortgage) | 31.1% |
Source: U.S. Census Bureau ACS 5-year 2023 · Snapshot verified
Nearby location comparison
Planning comparison on a $400,000 home with 20% down, 6.5% fixed for 30 years, and $100/mo insurance. Monthly tax uses each page's configured property tax rate.
| Location | Est. property tax rate | Est. monthly tax | Est. monthly PITI |
|---|---|---|---|
| Baltimore (this page) | 2.40% | $800 | $2,923 |
| Anne Arundel County | 1.00% | $333 | $2,456 |
| Baltimore County | 1.10% | $367 | $2,489 |
| Frederick County | 1.10% | $367 | $2,489 |
| Howard County | 1.10% | $367 | $2,489 |
| Montgomery County | 1.00% | $333 | $2,456 |
Local Data and Sources
Last editorial verification: May 15, 2026. This page combines the official data layers configured for Baltimore, Maryland.
The sources used on this page are Consumer Financial Protection Bureau mortgage cost guidance, Maryland real property tax, Maryland transfer and recordation taxes, Maryland Mortgage Program. Each source lists which rate, exemption, or program it validates and when it was last reviewed.
- Consumer Financial Protection Bureau mortgage cost guidance - verified May 3, 2026 - General U.S. mortgage closing-cost and mortgage-cost guidance.
- Maryland real property tax - verified May 15, 2026 - Official SDAT source for Maryland real property and assessment information.
- Maryland transfer and recordation taxes - verified May 15, 2026 - Official SDAT source for Maryland transfer tax and recordation tax guidance.
- Maryland Mortgage Program - verified May 15, 2026 - Official source for Maryland Mortgage Program homebuyer assistance.
Frequently Asked Questions
What Maryland closing taxes are modeled?
The state estimate includes Maryland state transfer tax and a recordation tax planning estimate. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.
What Maryland assistance is modeled?
The calculator models Maryland Mortgage Program down payment assistance for eligible first-time buyers. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.
What is a sample Maryland PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~1.10% statewide property-tax planning rate, monthly escrow is about $367; with $100 insurance, estimated PITI is about $2,490 without PMI. Drill into county or city calculators for address-level millage.
Why include Baltimore City separately?
Baltimore City is an independent jurisdiction and a major Maryland mortgage search market. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.
What property tax rate does the Baltimore City mortgage calculator use?
Baltimore City uses a local planning benchmark of about 2.40% on this page. On a $400,000 home that is roughly $9,600 per year or $800 per month in escrow before exemptions or special districts. Parcel bills can still differ—verify the levy code on the address you are buying.
What is a sample Baltimore City PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~2.40% property tax, monthly escrow is about $800; with $100 insurance, estimated PITI is about $2,923 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.
How does Baltimore City fit Maryland mortgage planning?
Baltimore City uses a ~2.40% local planning rate for escrow. Compare Montgomery, Prince George's, or Baltimore-area pages on the same purchase price; condo fees and commute costs can outweigh small millage gaps. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.
What property tax rate does the Baltimore mortgage calculator use?
Baltimore uses a Baltimore City planning benchmark of about 2.40% on this page. On a $400,000 home that is roughly $9,600 per year or $800 per month in escrow before exemptions or special districts. Verify the levy code on the address you are buying.
What is a sample Baltimore PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~2.40% property tax, monthly escrow is about $800; with $100 insurance, estimated PITI is about $2,923 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.
Why is Baltimore modeled separately from Baltimore County?
Baltimore City is an independent jurisdiction with its own ~2.40% planning rate, which is higher than many Maryland county benchmarks on this site. Suburban Baltimore County addresses should use county pages instead so escrow is not overstated or understated. Use this city mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.