Calculate your monthly mortgage payment in Maine. Pre-filled with Maine's median home price of $370,000 and an average property tax rate of 1.36%.
Est. Monthly Payment
$2,751
Principal & Interest
$2,178
Property Tax / mo
$419
Total Interest Paid
$450,925
| Home Price | $370,000 | Median home price in Maine (2025) |
| Down Payment | 10% ($37,000) | Typical down payment percentage |
| Loan Amount | $333,000 | Home price minus down payment |
| Interest Rate | 6.83% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.36% / year | Maine average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
MaineHousing First Home Loan, Advantage Program
Cost of living: Moderate · Population: 1,362,359
Maine has a median home price of approximately $370,000, placing it above the national median. With a 10% down payment of $37,000, a typical buyer would finance $333,000 over 30 years. At a 6.83% fixed rate, the monthly principal and interest payment comes to $2,178.
Property taxes in Maine average 1.36% of the assessed home value annually — one of the moderate rates in the country. Combined with an estimated $154 for homeowners insurance, your all-in monthly housing cost is approximately $2,751.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $117,882 to qualify comfortably. The median household income in Maine is $59,489.
