Closing Cost Calculator for Maryland

Closing Costs in Maryland

Buyers in Maryland typically pay around $5,400 in total closing costs. Maryland has some of the highest closing costs in the US. Transfer taxes are 0.5% at the state level plus local taxes (1.5% in Baltimore City). The state also imposes recordation taxes.

What's Included in Maryland Closing Costs?

• Transfer & recording taxes: Maryland has some of the highest closing costs in the US. Transfer taxes are 0.5% at the state level plus local taxes (1.5% in Baltimore City). The state also imposes recordation taxes.
• Lender fees: Origination, underwriting, and processing fees — typically 0.5–1% of the loan amount regardless of state.
• Title insurance: Owner's and lender's policies, required in most Maryland transactions.
• Prepaid items: First year homeowner's insurance premium, prepaid property tax escrow, and prepaid interest.
• Escrow/attorney fees: Maryland typically uses attorneys to close real estate transactions.

Home Values & Loan Context

With a median home value of $380,000 in Maryland, a 10% down payment buyer would borrow around $342,000. The conforming loan limit is $1,089,300 — Montgomery and Howard counties qualify for the maximum high-cost conforming limit. Other Maryland counties are at $726,200.

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