Assessment of three regularization-based and two eddy-viscosity-based subgrid-scale (SGS) turbulence models for large eddy simulations (LES) are carried out in the context of magnetohydrodynamic (MHD) decaying homogeneous turbulence (DHT) with a Taylor scale Reynolds number (Reλ) of 120 and a MHD transition-to-turbulence Taylor-Green vortex (TGV) problems with a Reynolds number of 3000, through direct comparisons to direct numerical simulations (DNS). Simulations are conducted using the low-magnetic Reynolds number approximation (Rem<<1). LES predictions using the regularization-based Leray- α,LANS- α, and Clark- α SGS models, along with the eddy viscosity-based non-dynamic Smagorinsky and the dynamic Smagorinsky models are compared to in-house DNS for DHT and previous results for TGV. With regard to the regularization models, this work represents their first application to MHD turbulence. Analyses of turbulent kinetic energy decay rates, energy spectra, and vorticity fields made between the varying magnetic field cases demonstrated that the regularization models performed poorly compared to the eddy-viscosity models for all MHD cases, but the comparisons improved with increase in magnitude of magnetic field, due to a decrease in the population of SGS eddies within the flow field.