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Maryland Closing Cost Calculator
Estimate closing costs for Maryland real estate transactions. Covers state & county transfer taxes, title insurance, recordation fees, and more.
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Understanding Maryland Closing Costs
Maryland closing costs are among the highest in the region due to the combination of state and county transfer taxes. Buyers typically pay 3% to 5% of the purchase price; sellers pay 1% to 3%.
Maryland Transfer Taxes
- State Transfer Tax: 0.5% (1.0% if buyer will not use as primary residence)
- Montgomery County: 1.0% county transfer tax
- Prince George's County: 1.4% county transfer tax
- State Recordation Tax: $6.60 per $1,000 (Montgomery) or varies by county
Maryland also has a property tax disclosure and first-time homebuyer exemption on transfer taxes in many counties.