Maine Mortgage Calculator
Maine has the 19th-highest effective property tax rate of the 50 states at 0.98% — $291 more a year than the 0.91% state average on a $416,000 home. Homeowners insurance averages $1,335 a year, the 4th-lowest premium nationally and $1,385 less than the typical state.
All 16 Maine counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $416,000 home, property tax and insurance add $451 a month in Maine, compared with $628 in New Hampshire.
Loan Parameters
Total Monthly Payment
$3,174
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$525,039
Total Cost
$1,084,256
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $29,981 | $3,781 | $26,200 | $2,696 | $370,619 | $45,381 |
| Year 2 | $29,981 | $4,056 | $25,925 | $2,696 | $366,563 | $49,437 |
| Year 3 | $29,981 | $4,350 | $25,631 | $2,696 | $362,213 | $53,787 |
| Year 4 | $29,981 | $4,666 | $25,315 | $2,696 | $357,546 | $58,454 |
| Year 5 | $29,981 | $5,005 | $24,976 | $2,696 | $352,541 | $63,459 |
| Year 6 | $29,981 | $5,368 | $24,613 | $2,696 | $347,173 | $68,827 |
| Year 7 | $29,981 | $5,758 | $24,223 | $2,696 | $341,415 | $74,585 |
| Year 8 | $29,981 | $6,176 | $23,805 | $2,696 | $335,239 | $80,761 |
| Year 9 | $29,981 | $6,625 | $23,357 | $899 | $328,614 | $87,386 |
| Year 10 | $29,981 | $7,106 | $22,875 | — | $321,508 | $94,492 |
| Year 11 | $29,981 | $7,622 | $22,360 | — | $313,886 | $102,114 |
| Year 12 | $29,981 | $8,175 | $21,806 | — | $305,711 | $110,289 |
| Year 13 | $29,981 | $8,769 | $21,213 | — | $296,942 | $119,058 |
| Year 14 | $29,981 | $9,405 | $20,576 | — | $287,537 | $128,463 |
| Year 15 | $29,981 | $10,088 | $19,893 | — | $277,449 | $138,551 |
| Year 16 | $29,981 | $10,821 | $19,160 | — | $266,628 | $149,372 |
| Year 17 | $29,981 | $11,607 | $18,375 | — | $255,021 | $160,979 |
| Year 18 | $29,981 | $12,449 | $17,532 | — | $242,572 | $173,428 |
| Year 19 | $29,981 | $13,353 | $16,628 | — | $229,218 | $186,782 |
| Year 20 | $29,981 | $14,323 | $15,658 | — | $214,896 | $201,104 |
| Year 21 | $29,981 | $15,363 | $14,618 | — | $199,533 | $216,467 |
| Year 22 | $29,981 | $16,478 | $13,503 | — | $183,054 | $232,946 |
| Year 23 | $29,981 | $17,675 | $12,306 | — | $165,380 | $250,620 |
| Year 24 | $29,981 | $18,958 | $11,023 | — | $146,421 | $269,579 |
| Year 25 | $29,981 | $20,335 | $9,647 | — | $126,087 | $289,913 |
| Year 26 | $29,981 | $21,811 | $8,170 | — | $104,275 | $311,725 |
| Year 27 | $29,981 | $23,395 | $6,586 | — | $80,880 | $335,120 |
| Year 28 | $29,981 | $25,094 | $4,888 | — | $55,787 | $360,213 |
| Year 29 | $29,981 | $26,916 | $3,066 | — | $28,871 | $387,129 |
| Year 30 | $29,982 | $28,871 | $1,111 | — | $0 | $416,000 |
Maine mortgage data
- Typical home value
- $415,552
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.98%
- $4,077/yr on a $416,000 home
- Average homeowners insurance
- $1,335/yr
- $111/mo
- 2026 conforming loan limit
- $832,750
- 16 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Maine?
Highest price where principal, interest, Maine property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $143,000 | $14,300 | 34% |
| $75,000 | $1,750 | $222,000 | $22,200 | 53% |
| $100,000 | $2,333 | $301,000 | $30,100 | 72% |
| $125,000 | $2,917 | $381,000 | $38,100 | 92% |
| $150,000 | $3,500 | $460,000 | $46,000 | 111% |
| $200,000 | $4,667 | $618,000 | $61,800 | 149% |
| $250,000 | $5,833 | $777,000 | $77,700 | 187% |
Maine mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Maine property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,265 | $55,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,458 | $63,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,650 | $71,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,842 | $79,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,035 | $88,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,227 | $96,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,419 | $104,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,612 | $112,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,804 | $121,000 | Conforming |
| $375,000 mortgage | $2,502 | $2,997 | $129,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,189 | $137,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,381 | $145,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,574 | $154,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,766 | $162,000 | Conforming |
| $500,000 mortgage | $3,337 | $3,958 | $170,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,151 | $178,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,343 | $187,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,535 | $195,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,728 | $203,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,920 | $211,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,112 | $220,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,305 | $228,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,497 | $236,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,689 | $244,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,882 | $253,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,074 | $261,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,266 | $269,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,459 | $277,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,651 | $286,000 | Jumbo |
| $875,000 mortgage | $5,839 | $6,844 | $294,000 | Jumbo |
| $900,000 mortgage | $6,006 | $7,036 | $302,000 | Jumbo |
| $925,000 mortgage | $6,173 | $7,228 | $310,000 | Jumbo |
| $950,000 mortgage | $6,340 | $7,421 | $319,000 | Jumbo |
| $975,000 mortgage | $6,506 | $7,613 | $327,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $7,805 | $335,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $8,575 | $368,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,344 | $401,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $10,113 | $434,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,883 | $467,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,652 | $500,000 | Jumbo |
Loan programs compared in Maine
$416,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $41,600 | $374,400 | — | $225 PMI | $3,174 | 7.488% |
| FHA | 3.5% · $14,560 | $408,465 | UFMIP $7,025 | $186 MIP | $3,363 | 7.761% |
| VA | 0% · $0 | $424,944 | Funding fee $8,944 | $0 | $3,287 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $83,200 | $332,800 | — | $0 | $2,672 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $416,000 home in Maine?
$416,000 is the typical Maine home value. With 10% down on a conventional loan, the estimated payment is $3,174 per month ($2,498 principal & interest, $340 property tax, $111 insurance, $225 PMI) at 7.03% for 30 years, including Maine's 0.98% effective property tax rate.
What is the 2026 conforming loan limit in Maine?
$832,750 for a one-unit home in all 16 counties. Larger loans are jumbo loans.
How much income do I need for a $416,000 home in Maine?
About $137,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Maine on a $100,000 salary?
About $301,000 with 10% down, keeping the payment (including Maine property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Maine home ($415,552) needs roughly $137,000 a year.
Explore related calculators
Maine calculators by loan type
Nearby states
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.