Mortgage Calculator in Baltimore, MD

Q: Does Maryland have a state income tax?

Yes. Maryland levies a progressive state income tax on earned income.

Q: What is the Maryland income tax rate for 2026?

Maryland uses a progressive tax system with 8 brackets. Rates range from 2.00% to 5.75%, depending on your taxable income.

Q: What is the standard deduction in Maryland?

The standard deduction in Maryland is $2,550.00 for single filers in 2026.

Q: How is Maryland income tax calculated?

Maryland uses a progressive (marginal) tax system. Your income is divided into brackets, and each portion is taxed at the corresponding rate. Only the income within each bracket is taxed at that bracket's rate, not your entire income.

Q: What are the Maryland income tax brackets for 2026?

The Maryland tax brackets for single filers are: $0.00–$1,000.00: 2.00%; $1,000.00–$2,000.00: 3.00%; $2,000.00–$3,000.00: 4.00%; $3,000.00–$100,000.00: 4.75%; $100,000.00–$125,000.00: 5.00%; $125,000.00–$150,000.00: 5.25%; $150,000.00–$250,000.00: 5.50%; over $250,000.00: 5.75%.

Calculate your monthly mortgage payment in Baltimore, Maryland. Includes principal, interest, property taxes, insurance, and PMI.

Updated July 2026

Mortgage Details, Baltimore, Maryland

Home Price

$

Down Payment

$

0.20% down · LTV 0.80%

Loan Term

Interest Rate

% / year

Annual Property Tax Rate

% of home value

Monthly Home Insurance

$

Payment Breakdown

Total Monthly Payment$2,618.84

Monthly Breakdown

Principal & Interest

$2,102.17

Property Tax

$366.67

Home Insurance

$150.00

Loan Summary

Loan Amount

$320,000.00

Total Interest

$436,781.20

Total Cost

$836,781.20

Amortization Schedule

Year	Principal	Interest	Balance
1	$3,329.67	$21,896.37	$316,670.33
5	$4,380.16	$20,845.88	$300,815.35
10	$6,170.97	$19,055.07	$273,787.17
15	$8,693.92	$16,532.12	$235,708.72
20	$12,248.37	$12,977.67	$182,062.10
25	$17,256.03	$7,970.01	$106,482.48
30	$24,311.03	$915.01	$2.61

Progressive

State Income Tax

< 20% down

PMI Threshold

30 or 15 yr

Mortgage Term

$59,623.00

Median Income

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Baltimore is Maryland's most populous city, explore how mortgage results compare across other major Maryland cities:

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Disclaimer: For informational purposes only. Not tax, legal, or financial advice.