Mortgage Rates in Towson, Maryland — March 2026
Updated March 2026 | Based on Towson market data and regional lending conditions
Towson is a growing city in Maryland with a population of 57,542. The current 30-year fixed mortgage rate in Towson is 6.71%, which is 0.06% above the national average. With a median home price of $386,000 and a 20% down payment of $77,200, homebuyers can expect a monthly principal and interest payment of approximately $1,995.
Current Mortgage Rates in Towson, MD
Below are the current average mortgage rates available in the Towson 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 | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Towson Housing Market Overview
The Towson housing market reflects moderate demand with prices near the national average. The median household income in Towson is $87,100, and the cost of living index is 116.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $99,857 to comfortably afford the median-priced home in Towson, which exceeds the current median household income.
Monthly Payment Breakdown for Towson
Based on the median home price of $386,000 with 20% down ($77,200), here is what you can expect to pay monthly in Towson:
15-Year vs. 30-Year Mortgage in Towson
Choosing a 15-year mortgage in Towson at 5.95% instead of a 30-year at 6.71% would save you $250,740 in total interest over the life of the loan. However, your monthly payment would be $2,597 instead of $1,995 — an increase of $602 per month.
Calculate Your Towson Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Towson
What are the current mortgage rates in Towson, MD?
As of March 2026, the average 30-year fixed mortgage rate in Towson, Maryland is 6.71%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Towson?
Based on the median home price of $386,000 with 20% down, the estimated monthly mortgage payment in Towson is $1,995 for principal and interest. Including property taxes of $335/month, the total monthly housing cost is approximately $2,330.
What income do I need to buy a home in Towson?
Using the 28% rule, you would need an annual income of approximately $99,857 to afford the median-priced home in Towson at $386,000. The median household income in Towson is $87,100. This means most households would need to either earn above the median or consider homes below $386,000.
Is Towson a good place to buy a home in 2026?
Towson has a moderate cost of living with a cost of living index of 116.3 (national average = 100). The property tax rate in Maryland is 1.04%, which is near the national average. Towson has a population of 57,542 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 Towson, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.