AllCalculators.io

Baltimore, MD Mortgage Calculator

Provided by AllCalculators.io
Free online calculators for everyday. No registration required.

Estimates only. Not financial advice.

Financial Disclaimer: Estimates only. Not financial advice.

This calculator provides estimates for informational purposes only. Actual financial outcomes depend on market conditions, personal circumstances, and decisions. Not financial advice. Consult a certified financial planner before making financial decisions affecting your future.

Frequently Asked Questions

How much is a mortgage in Baltimore?

About $986/month P&I on the $195,000 median home with 20% down at 6.5%.

What is the property tax rate in Baltimore?

About 1.45% of home value per year.

JavaScript is required to use the interactive calculator. The information below remains readable without JavaScript.

Baltimore, MD variant. This is a Baltimore, MD-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.

Baltimore's $195,000 median home and 1.45% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.

Mortgage payment in Baltimore

On the $195,000 median home with 20% down ($39,000), you'd finance $156,000. At 6.5% over 30 years, P&I ≈ $986/month.

Add Baltimore's 1.45% property tax (≈ $236/month) plus insurance for the all-in payment.

About Baltimore, MD

Baltimore residents pay a local income tax on top of Maryland state income tax.

Baltimore's home prices are comparatively affordable for a major East Coast city.

Baltimore's economy is built around its port, healthcare, and education sectors, with a cost of living slightly above the national average.

Worked example: $195,000 Baltimore home

Loan $156,000 at 6.5% for 30 years → $986/mo P&I. Property tax ≈ $236/mo. Total before insurance ≈ $1,222/mo.

Quick reference

Median home value: $195,000
Median rent: $1,550/mo
Median household income: $55,054
Local sales tax: 6%
City income tax: 3.2%
Effective property tax rate: 1.45%
Cost of living index: 105 (US avg = 100)

Open the full Mortgage Calculator