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
The median home price in Maine is $370,000, near the national median of $420,000. With a median household income of $64,800, the price-to-income ratio is 5.7x.
Property taxes in Maine average 1.36% of assessed value. On the median home, that is $5,032 per year, or $419 per month added to your mortgage payment.
Maine has a state income tax of 5.8%–7.15%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in Maine is 112 (national average = 100). Expect to pay more for groceries, transportation, and healthcare in addition to housing.
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