Maryland Affordability Calculator
Find out how much house you can afford in Maryland, where the median home price is $420K and the average property tax rate is 1.09%.
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Conservative Target
$249K
15% below max
Max Monthly Housing
$1,983
28% of gross
Your DTI Ratio
33.6%
Within guidelines
Down Payment
17.1%
$50,000 saved
Budget Breakdown
Gross Monthly Income$7,083
28% Housing Limit$1,983
Existing Debts−$400
Available for Housing$1,983
Max Loan Amount$242,985
+ Down Payment+$50,000
Max Purchase Price$292,985
Maryland Housing at a Glance
Median Home Price
$420K
Maryland statewide
Property Tax Rate
1.09%
$382/mo on median
Avg Closing Costs
$11K
2.5% of purchase price
Homeowners Insurance
$1,700/yr
$142/mo
Maryland First-Time Buyer Program
MD Mortgage Program
Down payment assistance: Up to $25,000 DPA