Mortgage Rates in Crofton, Maryland — March 2026
Updated March 2026 | Based on Crofton market data and regional lending conditions
Crofton is a growing city in Maryland with a population of 29,371. The current 30-year fixed mortgage rate in Crofton is 6.67%, which is 0.02% above the national average. With a median home price of $332,000 and a 20% down payment of $66,400, homebuyers can expect a monthly principal and interest payment of approximately $1,709.
Current Mortgage Rates in Crofton, MD
Below are the current average mortgage rates available in the Crofton area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Crofton Housing Market Overview
The Crofton housing market reflects moderate demand with prices near the national average. The median household income in Crofton is $80,200, and the cost of living index is 117.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $86,657 to comfortably afford the median-priced home in Crofton, which exceeds the current median household income.
Monthly Payment Breakdown for Crofton
Based on the median home price of $332,000 with 20% down ($66,400), here is what you can expect to pay monthly in Crofton:
15-Year vs. 30-Year Mortgage in Crofton
Choosing a 15-year mortgage in Crofton at 5.93% instead of a 30-year at 6.67% would save you $213,660 in total interest over the life of the loan. However, your monthly payment would be $2,231 instead of $1,709 — an increase of $522 per month.
Calculate Your Crofton Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Crofton
What are the current mortgage rates in Crofton, MD?
As of March 2026, the average 30-year fixed mortgage rate in Crofton, Maryland is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Crofton?
Based on the median home price of $332,000 with 20% down, the estimated monthly mortgage payment in Crofton is $1,709 for principal and interest. Including property taxes of $313/month, the total monthly housing cost is approximately $2,022.
What income do I need to buy a home in Crofton?
Using the 28% rule, you would need an annual income of approximately $86,657 to afford the median-priced home in Crofton at $332,000. The median household income in Crofton is $80,200. This means most households would need to either earn above the median or consider homes below $332,000.
Is Crofton a good place to buy a home in 2026?
Crofton has a moderate cost of living with a cost of living index of 117.7 (national average = 100). The property tax rate in Maryland is 1.13%, which is near the national average. Crofton has a population of 29,371 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Crofton, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.