Mortgage Calculator
Maryland Mortgage Calculator
The true cost of owning a home in Maryland includes property tax at 1.05%, homeowners insurance averaging $1,400/year, transfer tax, plus PMI if your down payment is under 20 percent.
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Maryland closing costs
Maryland charges a real estate transfer tax of about 2.000% of the sale price, typically paid by the split.
State 0.5% + county 0.5-1.5% + recordation 0.55%
Maryland requires an attorney to conduct real estate closings. Typical attorney fees: $500 to $1,500.
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