Maryland Closing Costs Calculator
Estimate closing costs for buying a home in Maryland. Average closing costs run 2.5% of the purchase price (about $11K on the median home).
Maryland: Avg closing costs 2.5% of price. Transfer tax: 1.5%.
Lender Fees
$3,449
origination, underwriting
Third-Party
$3,550
appraisal, title, inspection
Government Fees
$6,300
transfer taxes, recording
Prepaids + Escrow
$5,282
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$3,024
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,400
Recording Fee$150
Transfer Tax$6,300
Prepaid Taxes (3 mo)$1,145
Prepaid Insurance (12 mo)$1,700
Prepaid Interest (15 days)$1,010
Escrow Reserves$1,428
Total Closing Costs$18,581
Maryland Housing at a Glance
Median Home Price
$420K
Maryland statewide
Property Tax Rate
1.09%
$382/mo on median
Avg Closing Costs
$11K
2.5% of purchase price
Homeowners Insurance
$1,700/yr
$142/mo
Maryland First-Time Buyer Program
MD Mortgage Program
Down payment assistance: Up to $25,000 DPA