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Maine mortgage calculator

Pre-filled for Maine: the median home value ($340,000) and the state's effective property tax rate of 0.91%. Change anything to match your home.

Home price
Down payment$68,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$2,127.06

Loan $272,000 · 20% down

  • Principal & interest$1,719.23
  • Property tax$257.83
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$346,917
Total cost
$765,736
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 3,040, Interest 17,59012: Principal 3,244, Interest 17,3873: Principal 3,461, Interest 17,1704: Principal 3,693, Interest 16,93845: Principal 3,940, Interest 16,6916: Principal 4,204, Interest 16,4277: Principal 4,486, Interest 16,1458: Principal 4,786, Interest 15,84589: Principal 5,107, Interest 15,52410: Principal 5,449, Interest 15,18211: Principal 5,814, Interest 14,81712: Principal 6,203, Interest 14,4281213: Principal 6,618, Interest 14,01214: Principal 7,062, Interest 13,56915: Principal 7,534, Interest 13,09616: Principal 8,039, Interest 12,5921617: Principal 8,577, Interest 12,05318: Principal 9,152, Interest 11,47919: Principal 9,765, Interest 10,86620: Principal 10,419, Interest 10,2122021: Principal 11,117, Interest 9,51422: Principal 11,861, Interest 8,77023: Principal 12,655, Interest 7,97524: Principal 13,503, Interest 7,1282425: Principal 14,407, Interest 6,22326: Principal 15,372, Interest 5,25927: Principal 16,402, Interest 4,22928: Principal 17,500, Interest 3,1312829: Principal 18,672, Interest 1,95930: Principal 19,917, Interest 70830
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$3,040$17,590$268,960
2$3,244$17,387$265,716
3$3,461$17,170$262,255
4$3,693$16,938$258,562
5$3,940$16,691$254,622
Monthly payment$2,127.06

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Maine at a glance

Effective property tax
0.91%
Rank (1 = highest)
22nd of 51
Median home value
$341,900
Median tax bill
$3,103/yr

On the same $400,000 home, property tax in Maine adds about $303.33/month, versus $296.67/month at the national rate.

Maine mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$175,000$884.90$132.71$1,167.61
$250,000$1,264.14$189.58$1,603.72
$350,000$1,769.79$265.42$2,185.21
$500,000$2,528.27$379.17$3,057.44
$675,000$3,413.17$511.88$4,075.05

20% down, 6.5% 30-year fixed (example rate), 0.91% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Maine.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Maine figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Maine?+

The effective property tax rate in Maine is about 0.91% of home value a year (median taxes paid $3,103 on a median home worth $341,900). That's the 22nd highest of 50 states and DC, and about the same as the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Maine?+

For a $340,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $2,127.06 a month, including $257.83 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Maine?+

To afford the median Maine home ($340,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $106,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.