VA Loan Calculator — Maine
An eligible VA borrower can buy the typical Maine home ($416,000) with no down payment. The 2.15% first-use funding fee ($8,944) is rolled into a $424,944 loan, and there is no monthly mortgage insurance — saving about $186 a month versus FHA MIP on the same home.
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
$3,287
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$595,918
Total Cost
$1,183,215
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $34,029 | $4,292 | $29,737 | — | $420,652 | -$4,652 |
| Year 2 | $34,029 | $4,603 | $29,425 | — | $416,049 | -$49 |
| Year 3 | $34,029 | $4,938 | $29,091 | — | $411,111 | $4,889 |
| Year 4 | $34,029 | $5,296 | $28,733 | — | $405,815 | $10,185 |
| Year 5 | $34,029 | $5,681 | $28,348 | — | $400,135 | $15,866 |
| Year 6 | $34,029 | $6,093 | $27,936 | — | $394,041 | $21,959 |
| Year 7 | $34,029 | $6,536 | $27,493 | — | $387,506 | $28,494 |
| Year 8 | $34,029 | $7,010 | $27,019 | — | $380,496 | $35,504 |
| Year 9 | $34,029 | $7,519 | $26,510 | — | $372,977 | $43,023 |
| Year 10 | $34,029 | $8,065 | $25,964 | — | $364,911 | $51,089 |
| Year 11 | $34,029 | $8,651 | $25,378 | — | $356,261 | $59,739 |
| Year 12 | $34,029 | $9,279 | $24,750 | — | $346,982 | $69,018 |
| Year 13 | $34,029 | $9,953 | $24,076 | — | $337,029 | $78,971 |
| Year 14 | $34,029 | $10,675 | $23,354 | — | $326,354 | $89,646 |
| Year 15 | $34,029 | $11,450 | $22,578 | — | $314,904 | $101,096 |
| Year 16 | $34,029 | $12,282 | $21,747 | — | $302,622 | $113,378 |
| Year 17 | $34,029 | $13,174 | $20,855 | — | $289,449 | $126,551 |
| Year 18 | $34,029 | $14,130 | $19,899 | — | $275,319 | $140,681 |
| Year 19 | $34,029 | $15,156 | $18,873 | — | $260,162 | $155,838 |
| Year 20 | $34,029 | $16,257 | $17,772 | — | $243,906 | $172,094 |
| Year 21 | $34,029 | $17,437 | $16,592 | — | $226,469 | $189,531 |
| Year 22 | $34,029 | $18,703 | $15,326 | — | $207,766 | $208,234 |
| Year 23 | $34,029 | $20,061 | $13,968 | — | $187,705 | $228,295 |
| Year 24 | $34,029 | $21,518 | $12,511 | — | $166,187 | $249,813 |
| Year 25 | $34,029 | $23,080 | $10,949 | — | $143,107 | $272,893 |
| Year 26 | $34,029 | $24,756 | $9,273 | — | $118,352 | $297,648 |
| Year 27 | $34,029 | $26,553 | $7,475 | — | $91,798 | $324,202 |
| Year 28 | $34,029 | $28,481 | $5,547 | — | $63,317 | $352,683 |
| Year 29 | $34,029 | $30,549 | $3,479 | — | $32,767 | $383,233 |
| Year 30 | $34,028 | $32,767 | $1,261 | — | $0 | $416,000 |
VA Loan numbers for Maine
- Typical Maine home value
- $416,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $424,944
- Includes $8,944 financed funding fee
- Estimated monthly payment
- $3,287
- APR 7.242%
- Maine property tax
- 0.98%
- $340/mo
- Homeowners insurance
- $1,335/yr
- $111/mo
- VA funding fee (first use)
- 2.15% · $8,944
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $186/mo
- Same $416,000 home, FHA at 3.5% down
How much house can you afford in Maine with a va loan?
Highest price where principal, interest, Maine property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $138,000 | $0 | 33% |
| $75,000 | $1,750 | $214,000 | $0 | 51% |
| $100,000 | $2,333 | $291,000 | $0 | 70% |
| $125,000 | $2,917 | $367,000 | $0 | 88% |
| $150,000 | $3,500 | $443,000 | $0 | 107% |
| $200,000 | $4,667 | $596,000 | $0 | 143% |
| $250,000 | $5,833 | $749,000 | $0 | 180% |
VA 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 a va loan in Maine?
Estimated $3,287 per month ($2,836 principal & interest, $340 property tax, $111 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $416,000 Maine home?
$8,944 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.