CALCMONEY // MORTGAGE // MD // GAITHERSBURG
Calculate your monthly mortgage payment using Gaithersburg-specific property tax rates and local market data.
$550,000
6.9%
0.75%
135
| Principal & Interest | $2,898 |
| Property Tax | $344 |
| Homeowners Insurance (est.) | $183 |
| Total Monthly Payment (PITI) | $3,425 |
$110,000
$603,223
$146,782/yr
The median home price in Gaithersburg is $550,000, above the national median of $420,000. With a median household income of $95,000, the price-to-income ratio is 5.8x — meaning buyers typically spend 5.8 years of gross income on the purchase price.
Property taxes in Gaithersburg run 0.75% of assessed value. On the median home, that is $4,125 per year, or $344 per month added to your mortgage payment. This is close to the national average of 1.1%.
Maryland has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Gaithersburg is 135 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $440,000 loan saves $19,800 in interest over 30 years.
Compare Top Gaithersburg Mortgage Lenders