Maine Mortgage Calculator

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Estimates only. Not financial advice.

Financial Disclaimer: Estimates only. Not financial advice.

This calculator provides estimates for informational purposes only. Actual financial outcomes depend on market conditions, personal circumstances, and decisions. Not financial advice. Consult a certified financial planner before making financial decisions affecting your future.

Frequently Asked Questions

How much is a mortgage on a $380,000 Maine home?

With 20% down at 6.5% over 30 years, principal and interest run about $1,921/month, before Maine's 1.24% property tax and insurance.

What is the property tax rate in Maine?

Maine's effective property tax rate is about 1.24% of home value per year.

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What drives a Maine mortgage payment

On the $380,000 median home with 20% down ($76,000), you'd finance about $304,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,921/month.

Maine's 1.24% effective property tax adds about $393/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.

About taxes and housing in Maine

Maine uses a graduated income tax that tops out above 7%.

Maine has above-average property taxes and offers a homestead exemption that reduces the taxable value of a primary residence.

Maine's economy relies on tourism, fishing and lobstering, forestry, and a large share of older residents and seasonal homes.

Maine Mortgage Calculator

Frequently Asked Questions

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