United States · Maine

Maine mortgage calculator

Estimate your monthly payment in Maine — principal & interest, property tax, and insurance — using the live national average rate and Maine's estimated ~1.28% effective property tax rate. Adjust any figure below.

Affording a home in Maine

Difficult

Median home price: $355,000
Income needed: $102,000; to qualify (28% rule, 20% down)
Typical household income: $67,000
Income gap: +$35,000

A median Maine home costs $355k and needs $35k more annual income than the typical household earns.

Data as of 2026-06-30. Sources: Zillow ZHVI, U.S. Census ACS, Splitero. Median is a statewide figure — expensive cities and more affordable rural areas vary widely.

Most Maine buyers combine two incomes — here's why

The typical Maine household earns $67,000/year. To buy a median-priced home, lenders generally want to see $102,000/year. That's a $35,000 gap — which is why many Maine buyers combine two incomes, choose a smaller first home, or put down a larger deposit to reduce the loan. None of these is the wrong choice; knowing the gap is the starting point.

The roles and income paths that commonly reach it in Maine are listed below — some single high-earning roles, some two incomes combined.

Roles and income paths that commonly meet the income in Maine

Nurse
Engineer (2 incomes)
Government worker
Teacher + partner

Pay varies widely by employer, experience, and city — these are paths that often (not always) reach the income needed, not a guarantee for any individual. Entries like “+ partner income” mean two incomes combined.

First-time buyer programs available in Maine

MaineHousing First Home Loan Program
Advantage down payment assistance

Programs and their terms change — verify current availability and eligibility with the official state housing agency before relying on any of these.

What makes Maine legally different for homebuyers

Maine provides a 90-day post-sale redemption period and has relatively strong judicial foreclosure protections compared to its New England neighbors. Maine also has some of the country's most complex rural property issues — shoreland zoning, well and septic requirements, and seasonal accessibility.

If you buy here

Maine rural properties often require well testing, septic system inspections, and review of shoreland zoning restrictions that apply to properties within 250 feet of water. Budget time and money for thorough due diligence beyond a standard inspection.

Foreclosure: judicial, ~12 mo
Post-sale redemption: 90 days
Anti-deficiency protection: No

General overview only — laws change and individual situations vary. Consult a real estate attorney for advice specific to your purchase. (Verified 2026-06-30.)

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Loan details

Understanding your numbers before you sign.

A mortgage is likely the largest financial commitment of your life. The Mortgage Ledger was built so you can explore what that commitment actually looks like — payment by payment, line by line — before you're sitting across from a lender.

Rates sourced from FRED (Federal Reserve Bank of St. Louis). Estimates only — not a loan offer.

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