| Transfer tax | State transfer tax 0.5% (0.25% for first-time buyers, paid by the seller); counties add their own transfer and recordation taxes that vary widely. |
|---|---|
| Usually paid by | Split 50/50 (customary) |
| Attorney at closing | Not required |
| Recording | Recording and transfer taxes vary by county; check the county finance office. Verify locally. |
What drives your total
Lender fees, title insurance, prepaid taxes and insurance, and any points you buy move the number most. On a $400,000 purchase, 2–5% means roughly $8,000–$20,000 at the table, your Loan Estimate itemizes every dollar three business days before closing.
Ways to reduce cash to close
- Seller credits (negotiated in the contract, program limits apply)
- Lender credits in exchange for a slightly higher rate
- Down payment assistance programs where available
- Closing on time, per-diem interest accrues daily
Sources: Tax Foundation 2026 (2024 ACS); MD Dept. of Assessments and Taxation. Figures are typical ranges, not quotes.
FAQ
How much are closing costs in Maryland?
Buyer closing costs in Maryland typically run 2–5% of the purchase price. State-specific items include: State transfer tax 0.5% (0.25% for first-time buyers, paid by the seller); counties add their own transfer and recordation taxes that vary widely.
Who pays transfer tax in Maryland?
Customarily the split 50/50 (customary) pays the transfer tax in Maryland, though it is negotiable in the contract.
Does Maryland require an attorney at closing?
No, Maryland does not require an attorney at closing, though title insurance is still standard.