Maine Mortgage Calculator
Calculate your monthly mortgage payment for homes in Maine, factoring in local property taxes, home insurance, and HOA fees.
Why calculating mortgage in Maine is different
Maine has a progressive income tax system.
State Income Tax
5.8% - 7.15%
Base Sales Tax
5.5%
State Min Wage
$14.15 / hr
Abbreviation
ME
Maine Mortgage Interactive Tool
This calculator uses the latest 2026 data for Maine, including the minimum wage of $14.15 and the specific state income tax rates (5.8% - 7.15%).
Frequently Asked Questions about Maine Mortgage
How much are typical closing costs in Maine?
Closing costs in Maine typically range from 2% to 5% of the total loan amount. This includes state-specific mortgage recording taxes and title fees.
Should I buy a home in Maine?
Buying a home in Maine requires factoring in the local property tax rates and home insurance costs, which can vary drastically between different counties.