Baltimore, MD variant. This is a Baltimore, MD-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Baltimore's $195,000 median home and 1.45% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Baltimore
On the $195,000 median home with 20% down ($39,000), you'd finance $156,000. At 6.5% over 30 years, P&I ≈ $986/month.
Add Baltimore's 1.45% property tax (≈ $236/month) plus insurance for the all-in payment.
About Baltimore, MD
Baltimore residents pay a local income tax on top of Maryland state income tax.
Baltimore's home prices are comparatively affordable for a major East Coast city.
Baltimore's economy is built around its port, healthcare, and education sectors, with a cost of living slightly above the national average.
Worked example: $195,000 Baltimore home
Loan $156,000 at 6.5% for 30 years → $986/mo P&I. Property tax ≈ $236/mo. Total before insurance ≈ $1,222/mo.
Quick reference
- Median home value: $195,000
- Median rent: $1,550/mo
- Median household income: $55,054
- Local sales tax: 6%
- City income tax: 3.2%
- Effective property tax rate: 1.45%
- Cost of living index: 105 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Baltimore?
About $986/month P&I on the $195,000 median home with 20% down at 6.5%.
What is the property tax rate in Baltimore?
About 1.45% of home value per year.