Calculate Your Maine Mortgage Payment
Our calculator is pre-filled with Maine's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with ME DefaultsMonthly Payment Breakdown for Maine
Here's what your monthly payment looks like on the median Maine home ($390,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($78,000), no PMI. With less than 20% down, add $130-$260/month for PMI.
Maine Property Taxes
Maine's effective property tax rate is 1.09%, which is above the national average of 0.89%.
Annual Property Tax on $390,000 Home
$4,251
($354/month escrowed)
Buying a Home in Maine: Key Facts
- Property tax rate of 1.09% is above national average
- Homestead exemption reduces taxable value by $25,000 for primary residence
- Portland metro has seen significant price appreciation
- MaineHousing offers special Salute ME program for veterans
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Maine First-Time Homebuyer Programs
Maine has 25 homebuyer assistance programs that can help with down payment and closing costs.
MaineHousing First Home Loan
Fixed-rate mortgage with down payment assistance
Low-Interest MortgageAdvantage Down Payment/Closing Cost
Up to $5,000 as forgivable loan over 5 years
Forgivable LoanMaineHousing Salute ME
Special rates and $5,000 assistance for veterans
GrantEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Maine
Home prices and property taxes can vary significantly by city. The median home price of $390,000 is a statewide average.
Maine Mortgage FAQ
What is the property tax rate in Maine?
The average effective property tax rate in Maine is 1.09%. On a $390,000 home, that's approximately $4,251 per year or $354 per month added to your mortgage payment.
What is the median home price in Maine?
The median home price in Maine is $390,000 as of January 2026. Prices vary by location - Portland and Lewiston typically have higher prices than rural areas.
Are there first-time homebuyer programs in Maine?
Yes, Maine has 25 homebuyer assistance programs. Popular options include MaineHousing First Home Loan, which offers fixed-rate mortgage with down payment assistance.
How much do I need to buy a house in Maine?
For the median Maine home ($390,000), you'd need $78,000 for a 20% down payment, plus $11,700-$19,500 for closing costs. With down payment assistance, you could potentially buy with as little as $13,650 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Maine property taxes pre-filled.
Calculate Your ME Mortgage Payment