How much mortgage can I afford in Maryland?

Lenders usually check your debt-to-income ratio when evaluating loan affordability. Your DTI ratio should be around 43% or less.

What is the average mortgage in Maryland?

In Maryland, the average outstanding mortgage amount is $252,520.

Do I have enough cash for a down payment for a mortgage in Maryland?

It depends. The traditional down payment amount is 20%, but some loan types require no money down.

Do you need private mortgage insurance in Maryland?

You can avoid having to purchase private mortgage insurance (PMI) in Maryland if you put 20% down on your home.

What are the average annual property taxes in Maryland?

The average annual property tax in Maryland amounts to $2,370.

What is the average monthly mortgage payment in Maryland?

In Maryland, you may have to pay an average of $1,351 towards mortgage payments on a monthly basis.

What is the median home price in Maryland?

The median home price in Maryland is $290,500.

Maryland Mortgage Calculator: Estimate Your Monthly Payment

If you purchase a home in Maryland and get a mortgage, you may have to pay an average of $1,351 as a monthly mortgage payment. Mortgage amounts depend on a variety of factors. You can get an estimate of how much you need to pay for your mortgage by using MoneyGeek’s Maryland mortgage calculator. You can change the different factors like the interest rate, home price and more to see and compare the different mortgage payments.

Maryland Mortgage Calculator: Estimate Your Monthly Payment

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