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Mortgage Calculator &
Closing Costs: Annapolis, MD

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Annapolis, Maryland.

Median Home Price
$485K
Population
41K
Avg Monthly Rent
$1,850
Property Tax Rate
1.09%
Annapolis vs Maryland Median
The median home price in Annapolis is $485,000, which is 15% above the Maryland state median of $420,000.

Mortgage Calculator — Annapolis, MD

Pre-filled with Annapolis median home price and Maryland tax/insurance rates. Adjust for your property.

$
$97,000
%
%
years
MD avg
%
$
Monthly Payment (PITI)
$3,035
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$2,452
per month
Taxes & Insurance
$583
per month
Total Interest Paid
$495K
over 30 years
Total Loan Cost
$883K
all payments
Payment Breakdown
Loan Amount$388,000
Principal & Interest$2,452
Property Taxes$441
Homeowners Insurance$142
Total Monthly PITI$3,035

Closing Costs — Annapolis, MD

Estimated closing costs based on Maryland rates and fees applied to Annapolis prices.

$
%
Maryland: Avg closing costs 2.5% of price. Transfer tax: 1.5%.
Estimated Closing Costs
$20,860
4.3% of purchase price
Lender Fees
$3,917
origination, underwriting
Third-Party
$3,875
appraisal, title, inspection
Government Fees
$7,275
transfer taxes, recording
Prepaids + Escrow
$5,793
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$3,492
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,725
Recording Fee$150
Transfer Tax$7,275
Prepaid Taxes (3 mo)$1,322
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$1,166
Escrow Reserves$1,605
Total Closing Costs$20,860

Buying a Home in Annapolis, Maryland

The median home price in Annapolis is $485,000, 15% above the Maryland state median of $420,000. With a population of 40,812, Annapolis is a smaller market where home prices reflect strong demand and local economic factors.

Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $485,000 home in Annapolis would carry roughly $441/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Annapolis is $1,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Annapolis is a higher-cost market. At $485K median, buyers need significant savings or strong income. Down payment assistance through Maryland's MD Mortgage Program program becomes especially important.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Annapolis.
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