dett.io

All states

State Guide

Closing Costs in Maryland (2026)

Buyers in Maryland typically pay $9,930 to $24,825 in closing costs (2–5%) on a median-priced home of $496,500. Our itemized estimate: about $18,154 (3.7% of the price), plus a $99,300 down payment at 20% down.

Maryland at a Glance

Median home price

$496,500

Estimated closing costs

$18,154

3.7% of price

Property tax rate

1.04%

≈ $5,164/year

2026 conforming loan limit

$832,750

High-cost counties up to $1,249,125

Cash to close

$117,454

20% down + closing costs

Monthly payment

$3,248

30-yr at 6.75%

What Makes Maryland Different

Maryland buyers should budget for state and county transfer plus recordation taxes, which are often split and vary sharply by county. High-cost conforming limits apply in the D.C. suburbs; closings are attorney-led.

Maryland state + county transfer and recordation taxes vary widely by county and are often split.

Local cost factors

Buyer-paid transfer tax

$2,483

Buyer half of the statewide estimate on the median home

Closing custom

Attorney closing

Maryland typically requires a closing attorney

Homeowners insurance

$2,900/yr

Typical premium scaled to the median-priced example

Example loan vs. limit

Conforming

$397,200 loan at 20% down

Itemized Closing Cost Estimate

Assumes a $496,500 purchase with 20% down ($397,200 loan) at 6.75% for 30 years, a 1.04% property tax rate, and $2,900/year insurance. Transfer tax includes only the share buyers in Maryland customarily pay.

Line ItemCategoryEstimate
Loan Origination Fee (1% assumed)Lender fees$3,972
Credit ReportLender fees$50
Flood CertificationLender fees$20
Underwriting FeeLender fees$750
Processing FeeLender fees$500
AppraisalThird-party fees$550
Title InsuranceThird-party fees$1,986
Title SearchThird-party fees$300
Attorney Fee (Maryland)Third-party fees$1,000
Survey (if required)Third-party fees$400
Recording FeeGovernment fees$125
Transfer Tax (Maryland est.)Government fees$2,483
Prepaid Interest (15 days)Prepaids & escrow$1,102
Prepaid Homeowners Insurance (1 year)Prepaids & escrow$2,900
Escrow Prefund — Property Taxes (3 months)Prepaids & escrow$1,290
Escrow Prefund — Insurance (3 months)Prepaids & escrow$726
Total estimated closing costs$18,154

What You'd Pay Each Month

On a median-priced Maryland home with 20% down, the full monthly payment is about $3,248: $2,576 in principal and interest, $430 in property taxes, and $242 in homeowners insurance. Taxes and insurance here add 26% on top of the loan payment itself.

Run Your Own Numbers

Closing Cost EstimatorHow Much House Can I Afford?True Monthly Mortgage CostDown Payment Strategy

Frequently Asked Questions

Buyers in Maryland typically pay 2% to 5% of the purchase price in closing costs — roughly $9,930 to $24,825 on a median-priced home around $496,500. Our itemized estimate, including lender fees, title work, government fees, and prepaid taxes and insurance, comes to about $18,154 (3.7% of the price) with 20% down at 6.75%.

The effective property tax rate in Maryland is approximately 1.04% of home value per year. On a median-priced home of $496,500, that works out to about $5,164 per year, or $430 per month. Several months of taxes are usually collected up front at closing to fund your escrow account.

Yes. Maryland state + county transfer and recordation taxes vary widely by county and are often split. At that rate on a $496,500 home, the tax is roughly $4,965 — typically split 50/50 — the buyer's half is included in our estimate. Everything is negotiable in the purchase contract.

The 2026 conforming loan limit in most of Maryland is $832,750 for a one-unit home. Some high-cost counties go as high as $1,249,125. On a median-priced $496,500 home with 20% down, the loan is $397,200 — within the conforming limit in most counties. FHA limits also vary by county (2026 floor about $541,288).

With 20% down on a $496,500 home, plan for about $117,454 in total: $99,300 for the down payment plus roughly $18,154 in closing costs and prepaid items. A smaller down payment reduces the cash needed but adds PMI to your monthly payment.

On a median-priced $496,500 home with 20% down and a 30-year loan at 6.75%, the total monthly payment is about $3,248 — $2,576 in principal and interest, $430 in property taxes, and $242 in homeowners insurance.

Nearby states

AlabamaArkansasDelawareDistrict of ColumbiaFloridaGeorgiaKentuckyLouisianaMississippiNorth CarolinaOklahomaSouth CarolinaTennesseeTexasVirginiaWest Virginia
Figures on this page are educational estimates, last reviewed October 18, 2026. Median prices (Redfin via Bankrate), effective property tax rates (Tax Foundation), insurance (Bankrate 2026 averages scaled to the median home), and 2026 conforming loan limits (FHFA) are approximations that vary by county, property, lender, and transaction. They are not a Loan Estimate and not financial advice — your lender's official Loan Estimate is the authoritative document for your closing costs. See our methodology.