Mortgage Rates in Chillum, Maryland — March 2026
Updated March 2026 | Based on Chillum market data and regional lending conditions
Chillum is a growing city in Maryland with a population of 34,106. The current 30-year fixed mortgage rate in Chillum is 6.72%, which is 0.07% above the national average. With a median home price of $354,000 and a 20% down payment of $70,800, homebuyers can expect a monthly principal and interest payment of approximately $1,831.
Current Mortgage Rates in Chillum, MD
Below are the current average mortgage rates available in the Chillum 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Chillum Housing Market Overview
The Chillum housing market reflects moderate demand with prices near the national average. The median household income in Chillum is $82,100, and the cost of living index is 104.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $92,871 to comfortably afford the median-priced home in Chillum, which exceeds the current median household income.
Monthly Payment Breakdown for Chillum
Based on the median home price of $354,000 with 20% down ($70,800), here is what you can expect to pay monthly in Chillum:
15-Year vs. 30-Year Mortgage in Chillum
Choosing a 15-year mortgage in Chillum at 5.97% instead of a 30-year at 6.72% would save you $229,860 in total interest over the life of the loan. However, your monthly payment would be $2,385 instead of $1,831 — an increase of $554 per month.
Calculate Your Chillum Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Chillum
What are the current mortgage rates in Chillum, MD?
As of March 2026, the average 30-year fixed mortgage rate in Chillum, Maryland is 6.72%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Chillum?
Based on the median home price of $354,000 with 20% down, the estimated monthly mortgage payment in Chillum is $1,831 for principal and interest. Including property taxes of $336/month, the total monthly housing cost is approximately $2,167.
What income do I need to buy a home in Chillum?
Using the 28% rule, you would need an annual income of approximately $92,871 to afford the median-priced home in Chillum at $354,000. The median household income in Chillum is $82,100. This means most households would need to either earn above the median or consider homes below $354,000.
Is Chillum a good place to buy a home in 2026?
Chillum has a moderate cost of living with a cost of living index of 104.3 (national average = 100). The property tax rate in Maryland is 1.14%, which is near the national average. Chillum has a population of 34,106 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 Chillum, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.