Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maryland and Washington. Updated for 2026.
Washington wins 4 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 $1,054/month ($12,648/year) compared to Washington, based on median home prices with identical loan terms.
Maryland offers meaningfully lower home prices than Washington, with median prices running 28% less ($160K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Washington may find Maryland far more accessible, particularly when combined with local down payment assistance programs.
Property tax rates are similar in both states (Maryland: 1.09%, Washington: 0.98%), so taxes shouldn't be the deciding factor in your relocation decision. Instead, focus on differences in home prices, insurance costs, and state-specific programs. Both states collect roughly comparable property tax revenue relative to home values.
Both states offer down payment assistance for first-time buyers. Maryland's MD Mortgage Program provides Up to $25,000 DPA, while Washington's WSHFC Home Advantage offers Up to $10,000 DPA. 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 Washington are broadly similar in housing costs, with only $1,054/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.