Closing Costs for Maryland (2026)
Maryland (MD) Key Facts
Average Closing Cost Rate
3.5%
Estimated Closing Costs ( Median Home)
$14,000
Attorney Required at Closing
Yes
Median Home Price
$400,000
Transfer Tax
Varies by county
How This Calculator Works in Maryland
This closing costs calculator estimates the total amount you will need at closing when buying a home in Maryland. It uses the state's average closing cost rate of 3.5% as a baseline and lets you adjust for your specific purchase price and situation. Understanding these costs in advance helps you budget effectively and avoid surprises at the closing table.
Maryland Overview
Closing costs in Maryland average about 3.5% of the home's purchase price—roughly $14,000 on the median home of $400,000. Maryland requires an attorney at closing, adding legal oversight and cost to the process. Transfer taxes in Maryland are: 0.5% state + 0.5-1.5% county (varies by county).
How Maryland Compares
Maryland's average closing cost rate of 3.5% is in the middle range nationally. Neighboring Virginia averages 2.8%, while Pennsylvania averages 3.5%. States with attorney requirements and higher transfer taxes tend to have elevated closing costs overall.
| State | Top Rate | Notes |
|---|---|---|
| Virginia | 2.8% | Average closing costs are 2.8% of the home price, approximately $10,640 on the median home. Attorney required at closing. |
| Pennsylvania | 3.5% | Average closing costs are 3.5% of the home price, approximately $9,625 on the median home. Attorney required at closing. |
| Delaware | 4.5% | Average closing costs are 4.5% of the home price, approximately $15,300 on the median home. Attorney required at closing. |
Closing costs in Maryland average 3.5% of the home price, or about $14,000 on the median-priced home of $400,000. The national average for closing costs is typically 2-5% of the purchase price. Maryland falls in the mid-range nationally.
Tips for Maryland Residents
- 1Budget approximately 3.5% of the purchase price for closing costs in Maryland, which comes to about $14,000 on the median home of $400,000. This is in addition to your down payment and moving expenses.
- 2Maryland requires an attorney at closing, adding legal oversight and cost to the process. Attorney fees typically run $500-$2,000 in Maryland depending on the complexity of the deal.
- 3Transfer taxes in Maryland: 0.5% state + 0.5-1.5% county (varies by county). Make sure you know who is customarily responsible (buyer or seller) in your county, as local practice varies.
- 4Shop at least three lenders for your Loan Estimate in Maryland. Origination fees, discount points, and third-party charges can differ by $1,000 or more between lenders on the same loan amount.
- 5Ask about first-time homebuyer programs in Maryland that may offer closing cost assistance, grants, or below-market interest rates. Many state and county housing finance agencies provide such programs.
Frequently Asked Questions
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