Calculate your monthly mortgage payment in Maine. Pre-filled with Maine's typical home value of $415,600 (Zillow Home Value Index, August 2026) and an effective property tax rate of 0.91% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$2,707
Principal & Interest
$2,219
Property Tax / mo
$315
Total Interest Paid
$466,252
| Home Price | $415,600 | Typical home value in Maine — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($83,120) | Assumption — no sourced state average |
| Loan Amount | $332,480 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a Maine rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 0.91% / year | Maine effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for Maine: MaineHousing First Home Loan, Advantage Program. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the Maine housing finance agency before you rely on it.
Cost of living: High (index 112.9, MERIC (C2ER index), Second Quarter 2026) · Population: 1,414,874 (Census Bureau estimate, July 1, 2025)
Maine has a typical home value of about $415,600 (Zillow Home Value Index, August 2026), above the U.S. typical value of $368,700. With an assumed 20% down payment of $83,120, a buyer would finance $332,480 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $2,219.
The effective property tax rate in Maine — median real estate taxes paid divided by median home value — is 0.91% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $173 a month for homeowners insurance, the estimated all-in monthly housing cost is about $2,707.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $116,001 to qualify comfortably. The median household income in Maine is $76,442 (Census ACS 2024 1-year).
