CALCMONEY // MORTGAGE // ME
Calculate your monthly mortgage payment using Maine-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$370,000
7%
1.36%
5.8%–7.15%
How today's 7% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 7% | — |
| 2024 avg | 7.42% | -0.42% |
| 2023 avg | 7.85% | -0.85% |
| 2022 peak | 7.68% | -0.68% |
| 2021 avg | 3.60% | +3.40% |
| 2020 avg | 3.40% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Maine market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,969 |
| Property Tax | $419 |
| Homeowners Insurance (est.) | $123 |
| Total Monthly Payment (PITI) | $2,512 |
$74,000
$412,946
$107,656/yr
$370,000 is the median home price across Maine, set against a $64,800 median household income for a 5.7x price-to-income ratio, 12% below the national median price.
Property taxes in Maine average 1.36% of assessed value, above the 1.1% national average. On the median home, that's $5,032 a year, or $419 added to the monthly payment.
Unlike the nine no-income-tax states, Maine taxes wage income at 5.8%–7.15%. Worth running your actual take-home pay against the $2,512/month payment here before locking in a target price.
Day-to-day expenses statewide track at 112 against the national 100 baseline, above average once you look past the mortgage payment itself.
Maine's median home price runs 3% lower than Vermont: $380,000 there versus $370,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $296,000 loan saves $13,320 in interest over 30 years.
Compare Top Maine Mortgage Lenders