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Mortgage Calculator &
Closing Costs: Frederick, MD

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

Median Home Price
$415K
Population
78K
Avg Monthly Rent
$1,650
Property Tax Rate
1.09%
Frederick vs Maryland Median
The median home price in Frederick is $415,000, which is roughly in line with the Maryland state median of $420,000.

Mortgage Calculator — Frederick, MD

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

$
$83,000
%
%
years
MD avg
%
$
Monthly Payment (PITI)
$2,617
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$2,098
per month
Taxes & Insurance
$519
per month
Total Interest Paid
$423K
over 30 years
Total Loan Cost
$755K
all payments
Payment Breakdown
Loan Amount$332,000
Principal & Interest$2,098
Property Taxes$377
Homeowners Insurance$142
Total Monthly PITI$2,617

Closing Costs — Frederick, MD

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

$
%
Maryland: Avg closing costs 2.5% of price. Transfer tax: 1.5%.
Estimated Closing Costs
$18,406
4.4% of purchase price
Lender Fees
$3,413
origination, underwriting
Third-Party
$3,525
appraisal, title, inspection
Government Fees
$6,225
transfer taxes, recording
Prepaids + Escrow
$5,243
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,988
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,375
Recording Fee$150
Transfer Tax$6,225
Prepaid Taxes (3 mo)$1,131
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$998
Escrow Reserves$1,414
Total Closing Costs$18,406

Buying a Home in Frederick, Maryland

The median home price in Frederick is $415,000, roughly in line with the Maryland state median of $420,000. With a population of 78,171, Frederick is a smaller market where home prices tend to be more accessible than in many parts of Maryland.

Property taxes in Maryland average 1.09% annually. This moderate property tax rate means a $415,000 home in Frederick would carry roughly $377/month in property taxes. Homeowners insurance in Maryland runs approximately $1,700 per year. This is within the normal range nationally.

Average rent in Frederick is $1,650/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.

Frederick is a higher-cost market. At $415K 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 Frederick.
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