Baltimore, Maryland Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Baltimore inherits the Baltimore City benchmark for independent-city Maryland estimates, including a city-level property-tax rate plus statewide transfer and recordation tax assumptions.
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
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.
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 - Monthly Payment with Taxes, PMI & Insurance
Maryland · Baltimore City
Baltimore inherits the Baltimore City benchmark for independent-city Maryland estimates, including a city-level property-tax rate plus statewide transfer and recordation tax assumptions.
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.
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.
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 9,616 final-action applications. The mortgage denial rate was 11.12% and the originated share was 64.58%.
These figures reflect the county market, not the city alone.
| Metric | Baltimore City | State |
|---|---|---|
| Final-action applications | 9,616 | 91,433 |
| Mortgage denial rate | 11.12% | 9.03% |
| Originated share | 64.58% | 69.65% |
Source: FFIEC HMDA 2025 (LAR modificado, compra de vivienda) · Texas vs California mortgage denial rates (methodology)
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.
What Maryland assistance is modeled?
The calculator models Maryland Mortgage Program down payment assistance for eligible first-time buyers.
Why include Baltimore City separately?
Baltimore City is an independent jurisdiction and a major Maryland mortgage search market.
Why is Baltimore modeled separately from Baltimore County?
Baltimore City is an independent Maryland jurisdiction, so it uses its own property-tax benchmark instead of the surrounding county's rate.
Does this mortgage calculator include taxes and insurance?
Yes. This calculator estimates your full monthly housing payment by combining principal and interest with property taxes, homeowners insurance, and PMI when your down payment is below 20%. The result reflects a PITI-style payment rather than principal and interest alone, which helps you compare homes and loan scenarios more realistically before talking to a lender.