Maine Mortgage Calculator
Calculate monthly payment and total interest on a Maine mortgage at current 6.84% 30-year fixed rate.
Loan Details
Results
Monthly Payment (P&I)
$2,533
Principal
$387,000
Total Interest
$524,977
Total Paid
$911,977
For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.
Maine housing market snapshot
Maine (ME) has a median home value around $387,000 as of April 2026. Typical 30-year fixed mortgage rates in Maine sit near 6.84%, and effective property taxes average 1.24% per year of assessed value — approximately $4,799 annually on a median-priced home.
What this Maine mortgage calculator shows
Enter the home price (or loan amount), the rate your lender quoted, and the loan term. You get principal & interest monthly. To build a full PITI (Principal, Interest, Taxes, Insurance) estimate for Maine:
- Add $400/month for property tax at the state average
- Add $80–$200/month for homeowners insurance
- Add PMI if putting less than 20% down (roughly 0.3%–1.5% of loan amount annually)
- Add HOA dues if applicable (varies widely)
Maine-specific considerations
Rates shown are indicative state-level averages aggregated from public lender data. Actual offers depend on credit score, down payment, debt-to-income ratio, loan program (conventional, FHA, VA, USDA), and the specific lender. Always compare at least three lenders and request a Loan Estimate within three business days per the TILA-RESPA Integrated Disclosure rules.
Refinance vs. new purchase
If you already own a home in Maine, use the same calculator with your current balance to model refinance scenarios. A common rule of thumb: refinance makes sense when you can cut the rate by 0.75%+ and you plan to stay in the home long enough to cover closing costs (typically 2–5% of the loan amount).