Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maryland and Utah. Updated for 2026.
Utah wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Maryland has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Maryland saves you approximately $173/month ($2,076/year) compared to Utah, based on median home prices with identical loan terms.
Home prices in Maryland and Utah are relatively close, with only a 13% difference ($60K). At similar price points, your decision should focus on the other cost factors: property taxes, insurance, closing costs, and the overall quality of life each state offers. Small percentage differences in tax rates compound over decades of homeownership.
Utah has a moderate property tax advantage at 0.58% versus Maryland's 1.09%. While the rate gap of 0.51% may seem small, it translates to an annual difference of approximately $1,794 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $14K in savings.
Closing costs are a one-time but significant expense. Maryland averages $11K in closing costs (2.5% of purchase price) while Utah averages $6K (1.3%). Much of Maryland's higher costs come from its 1.5% transfer tax, which adds $6K to the median home purchase. Budget for these upfront costs — they affect how much cash you need on hand at closing.
Both states offer down payment assistance for first-time buyers. Maryland's MD Mortgage Program provides Up to $25,000 DPA, while Utah's UHC FirstHome Loan offers Up to 6% DPA second. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Maryland and Utah are broadly similar in housing costs, with only $173/month separating them in total PITI payments. In cases like this, your decision should be driven by lifestyle preferences — job opportunities, climate, proximity to family, and quality of life — rather than pure cost savings. Either state offers a reasonable path to homeownership.