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$421,966
6.76%
0.98%
5.8%–7.15%
How today's 6.76% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.76% | — |
| 2024 avg | 7.18% | -0.42% |
| 2023 avg | 7.61% | -0.85% |
| 2022 peak | 7.44% | -0.68% |
| 2021 avg | 3.36% | +3.40% |
| 2020 avg | 3.16% | +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 | $2,192 |
| Property Tax | $345 |
| Homeowners Insurance (est.) | $141 |
| Total Monthly Payment (PITI) | $2,677 |
$84,393
$451,452
$114,728/yr
$421,966 is the median home price across Maine, set against a $76,442 median household income for a 5.5x price-to-income ratio, in line with the national median price.
Property taxes in Maine average 0.98% of assessed value, below the 1.1% national average. On the median home, that's $4,135 a year, or $345 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 $2,677/month payment here before locking in a target price.
Day-to-day expenses statewide track at 114 against the national 100 baseline, above average once you look past the mortgage payment itself.
Maine's median home price runs almost identical to Arizona, both landing close to $421,966.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $337,573 loan saves $15,191 in interest over 30 years.
Compare Top Maine Mortgage Lenders