FHA Loan Calculator — Maine
On the typical Maine home ($416,000), 3.5% down leaves a $401,440 base loan. The 1.75% upfront premium ($7,025) is financed, for a $408,465 loan, and annual MIP of 0.55% adds $186 a month for the life of the loan. Maine FHA limits run $541,287–$832,750 by county.
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.
Loan Parameters
Total Monthly Payment
$3,363
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$572,813
Total Cost
$1,188,446
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $32,709 | $4,125 | $28,584 | $2,236 | $404,340 | $11,660 |
| Year 2 | $32,709 | $4,425 | $28,284 | $2,213 | $399,915 | $16,085 |
| Year 3 | $32,709 | $4,746 | $27,963 | $2,188 | $395,169 | $20,831 |
| Year 4 | $32,709 | $5,091 | $27,618 | $2,161 | $390,078 | $25,922 |
| Year 5 | $32,709 | $5,460 | $27,249 | $2,132 | $384,618 | $31,382 |
| Year 6 | $32,709 | $5,857 | $26,852 | $2,101 | $378,761 | $37,239 |
| Year 7 | $32,709 | $6,282 | $26,427 | $2,068 | $372,479 | $43,521 |
| Year 8 | $32,709 | $6,738 | $25,971 | $2,032 | $365,741 | $50,259 |
| Year 9 | $32,709 | $7,227 | $25,482 | $1,994 | $358,514 | $57,486 |
| Year 10 | $32,709 | $7,752 | $24,957 | $1,953 | $350,761 | $65,239 |
| Year 11 | $32,709 | $8,315 | $24,394 | $1,908 | $342,446 | $73,554 |
| Year 12 | $32,709 | $8,919 | $23,790 | $1,861 | $333,527 | $82,473 |
| Year 13 | $32,709 | $9,567 | $23,143 | $1,811 | $323,961 | $92,039 |
| Year 14 | $32,709 | $10,261 | $22,448 | $1,756 | $313,700 | $102,300 |
| Year 15 | $32,709 | $11,006 | $21,703 | $1,698 | $302,694 | $113,306 |
| Year 16 | $32,709 | $11,805 | $20,904 | $1,635 | $290,888 | $125,112 |
| Year 17 | $32,709 | $12,662 | $20,047 | $1,568 | $278,226 | $137,774 |
| Year 18 | $32,709 | $13,582 | $19,127 | $1,496 | $264,644 | $151,356 |
| Year 19 | $32,709 | $14,568 | $18,141 | $1,419 | $250,076 | $165,924 |
| Year 20 | $32,709 | $15,626 | $17,083 | $1,337 | $234,450 | $181,550 |
| Year 21 | $32,709 | $16,761 | $15,949 | $1,248 | $217,689 | $198,311 |
| Year 22 | $32,709 | $17,977 | $14,732 | $1,153 | $199,712 | $216,288 |
| Year 23 | $32,709 | $19,283 | $13,426 | $1,050 | $180,429 | $235,571 |
| Year 24 | $32,709 | $20,683 | $12,026 | $941 | $159,746 | $256,254 |
| Year 25 | $32,709 | $22,185 | $10,524 | $823 | $137,561 | $278,439 |
| Year 26 | $32,709 | $23,796 | $8,914 | $697 | $113,766 | $302,234 |
| Year 27 | $32,709 | $25,523 | $7,186 | $562 | $88,242 | $327,758 |
| Year 28 | $32,709 | $27,377 | $5,333 | $417 | $60,866 | $355,134 |
| Year 29 | $32,709 | $29,364 | $3,345 | $262 | $31,501 | $384,499 |
| Year 30 | $32,714 | $31,501 | $1,213 | $95 | $0 | $416,000 |
FHA Loan numbers for Maine
- Typical Maine home value
- $416,000
- 3.5% down ($14,560) · Zillow, August 31, 2026
- Loan amount
- $408,465
- Includes $7,025 financed UFMIP
- Estimated monthly payment
- $3,363
- APR 7.761%
- Maine property tax
- 0.98%
- $340/mo
- Homeowners insurance
- $1,335/yr
- $111/mo
- Upfront MIP (1.75%)
- $7,025
- Financed into the loan
- Annual MIP
- 0.55%
- $186/mo in year 1 · life of loan
- Maine FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Maine with an fha loan?
Highest price where principal, interest, Maine property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $105,000 | $3,675 | 25% |
| $50,000 | $1,167 | $134,000 | $4,690 | 32% |
| $60,000 | $1,400 | $164,000 | $5,740 | 39% |
| $75,000 | $1,750 | $209,000 | $7,315 | 50% |
| $100,000 | $2,333 | $284,000 | $9,940 | 68% |
| $125,000 | $2,917 | $358,000 | $12,530 | 86% |
| $150,000 | $3,500 | $433,000 | $15,155 | 104% |
FHA vs other loan types 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 payment on a $416,000 home with an fha loan in Maine?
Estimated $3,363 per month ($2,726 principal & interest, $340 property tax, $111 insurance, $186 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Maine for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.