Maine Mortgage Calculator
Estimate the monthly PITI payment on a Maine home. Preseeded with the state’s 1.24% effective property-tax rate, $950 average annual insurance, and $380,000 median home price.
Loan Parameters
$
$
Percentage
20.0 %
Loan Term
Advanced Options
$
Monthly Payment (PITI)
$2,520
- Principal & Interest
- $1,921
- Property Taxes
- $393
- Home Insurance
- $79
- PMI
- $127
Total Interest
$387,735
Total Cost
$861,595
Payoff Year
2056
Maine Property Tax, Insurance & Home Prices
- Effective property-tax rate
- 1.24%
- Avg annual insurance
- $950
- Median home price
- $380,000
Statewide averages, last reviewed May 2026. Actual rates and premiums vary significantly by county, city, and parcel — see the notes below.
Notable Maine Rules
Maine offers a $25,000 homestead exemption to anyone who has owned and occupied a home in the state for 12+ months. The state also offers a property-tax fairness credit of up to $1,500 for low- and moderate-income homeowners.
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Frequently Asked Questions
- Maine's statewide effective property-tax rate is approximately 1.24% of home value (last reviewed May 2026). Actual county- and city-level rates vary; check your specific parcel before budgeting.