Watcharu Finance

Baltimore, MD mortgage & affordability calculator

The typical home in Baltimore, MD is worth about $380,000. With 20% down that's a loan near $304,000 — the calculator is pre-filled with that figure. Proximity to Washington, D.C. supports demand while keeping Baltimore cheaper than the capital itself. Prices and taxes vary sharply between the city and the surrounding counties, so location within the metro matters a lot.

$1,973.76 / month

Total interest
$406,553
Total paid
$710,553
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$76k$152k$228k$304k0612182430Year

How much you need to earn

Baltimore, MD's median household income is about $85,000 a year. Under standard 28/36 lending rules that supports a home price around $312,294 with 20% down — below the $380,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$312,305 max home price

Max loan amount
$236,305
Housing payment budget
$1,983
P&I budget
$1,534
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Baltimore, MD is about $1,750 a month, so owning the median home costs roughly $673 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Baltimore, MD?
On the metro's roughly $380,000 typical home with 20% down, the loan is about $304,000. Principal and interest run near $1,974 a month at today's rate, and Baltimore, MD's property tax plus insurance add about $449, for a full payment near $2,423.
Can I afford a home in Baltimore, MD on the median income?
The median household income is about $85,000 a year. Under standard 28/36 lending rules that supports a home price around $312,294 with 20% down — below the $380,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Baltimore, MD?
Typical asking rent is about $1,750 a month. The full owner payment on a median home is near $2,423, so owning costs roughly $673 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Baltimore, MD?
The effective property tax rate in the core county is about 1.05% of market value — roughly $3,990 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Baltimore, MD rising or falling?
Home values are up about 3% over the past year. Proximity to Washington, D.C. supports demand while keeping Baltimore cheaper than the capital itself. Prices and taxes vary sharply between the city and the surrounding counties, so location within the metro matters a lot.

Nearby metros

← All Maryland mortgage figures

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