Mortgage on a $450K house in Maryland
$3,014 a month with 20% down — $2,422 principal and interest plus $367 property tax and $225 insurance.
Maryland's typical property tax is 0.98% of the home's value a year (U.S. average 0.9%), which adds $367 a month on a $450K home. The typical home in Maryland is worth $424,890, so $450K is 6% above the typical price.
$450K home in Maryland: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $592 | $3,014 | $129,200 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $592 | $3,486 | $149,400 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $592 | $3,646 | $156,300 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $592 | $3,764 | $161,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.98% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Maryland does $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Charles County | $442,448 | 1.01% | $3,026 |
| Saint Marys County | $431,391 | 0.84% | $2,962 |
| Worcester County | $422,876 | 0.73% | $2,921 |
| Prince Georges County | $421,250 | 1.12% | $3,067 |
| Calvert County | $480,115 | 0.84% | $2,963 |
| Talbot County | $484,929 | 0.65% | $2,889 |
| Harford County | $414,044 | 0.89% | $2,981 |
| Carroll County | $486,857 | 0.91% | $2,987 |
| Frederick County | $494,258 | 0.99% | $3,017 |
| Anne Arundel County | $502,145 | 0.85% | $2,964 |
| Kent County | $383,742 | 0.91% | $2,990 |
| Cecil County | $383,362 | 0.89% | $2,982 |
16 of 24 Maryland counties tracked by Zillow have a typical home value at or below $450K. See all Maryland home prices.
Other prices in Maryland
Frequently asked questions
What is the mortgage on a $450K house in Maryland?
About $3,014 a month with 20% down at 7.11%: $2,422 principal and interest, $367 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Maryland?
About $129,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Maryland?
At Maryland's typical effective rate of 0.98%, about $4,409 a year. Rates vary by county and city — see the county pages.