Maine Mortgage Calculator (2026)
Calculate your monthly payment with Maine-specific property tax (1.36%) and average insurance ($1,100/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $312.79 | $2,226.00 | $159.00 | $381,287 |
| 2 | $314.62 | $2,224.18 | $159.00 | $380,973 |
| 3 | $316.45 | $2,222.34 | $159.00 | $380,656 |
| 4 | $318.30 | $2,220.49 | $159.00 | $380,338 |
| 5 | $320.16 | $2,218.64 | $159.00 | $380,018 |
| 6 | $322.02 | $2,216.77 | $159.00 | $379,696 |
| 7 | $323.90 | $2,214.89 | $159.00 | $379,372 |
| 8 | $325.79 | $2,213.00 | $159.00 | $379,046 |
| 9 | $327.69 | $2,211.10 | $159.00 | $378,718 |
| 10 | $329.60 | $2,209.19 | $159.00 | $378,389 |
| 11 | $331.53 | $2,207.27 | $159.00 | $378,057 |
| 12 | $333.46 | $2,205.33 | $159.00 | $377,724 |
| 24 | $357.57 | $2,181.23 | $159.00 | $373,567 |
| 36 | $383.42 | $2,155.38 | $159.00 | $369,110 |
| 48 | $411.13 | $2,127.66 | $159.00 | $364,331 |
| 60 | $440.85 | $2,097.94 | $159.00 | $359,206 |
| 72 | $472.72 | $2,066.07 | $159.00 | $353,711 |
| 84 | $506.90 | $2,031.90 | $159.00 | $347,819 |
| 96 | $543.54 | $1,995.25 | $159.00 | $341,500 |
| 108 | $582.83 | $1,955.96 | $159.00 | $334,725 |
| 120 | $624.97 | $1,913.83 | — | $327,460 |
| 132 | $670.14 | $1,868.65 | — | $319,670 |
| 144 | $718.59 | $1,820.21 | — | $311,317 |
| 156 | $770.54 | $1,768.26 | — | $302,360 |
| 168 | $826.24 | $1,712.56 | — | $292,755 |
| 180 | $885.97 | $1,652.83 | — | $282,456 |
| 192 | $950.01 | $1,588.78 | — | $271,413 |
| 204 | $1,018.69 | $1,520.11 | — | $259,571 |
| 216 | $1,092.33 | $1,446.46 | — | $246,873 |
| 228 | $1,171.30 | $1,367.50 | — | $233,257 |
| 240 | $1,255.97 | $1,282.83 | — | $218,657 |
| 252 | $1,346.76 | $1,192.03 | — | $203,002 |
| 264 | $1,444.12 | $1,094.67 | — | $186,214 |
| 276 | $1,548.52 | $990.28 | — | $168,214 |
| 288 | $1,660.46 | $878.34 | — | $148,912 |
| 300 | $1,780.49 | $758.30 | — | $128,214 |
| 312 | $1,909.20 | $629.59 | — | $106,021 |
| 324 | $2,047.22 | $491.57 | — | $82,223 |
| 336 | $2,195.21 | $343.58 | — | $56,704 |
| 348 | $2,353.91 | $184.89 | — | $29,341 |
| 360 | $2,524.07 | $14.72 | — | $0 |
What the payment actually costs
Maine property tax averages 1.36% of value — 16th highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $5,440 a year, or $453 a month added to principal and interest.
Homeowners insurance runs about $1,100 a year in Maine, 43rd of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $545 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Maine taxes both income and property, so neither side offsets the other. Property tax at 1.36% ranks 16th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. Maine runs about 3% below national-average costs, so the same 1.36% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.