Cost of Ownership · Maine
The true cost of owning a home in Maine
For a median $296,600 home in Maine, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$2,155/mo
PITI + PMI
True monthly cost
$2,402/mo
everything, incl. upkeep
The gap
+$247/mo
what approval leaves out
Effective property-tax rate
1.02%
Avg. homeowners premium
$1,077/yr
NFIP flood claims on record
5,671
Closing costs in Maine
Median closing costs and lender origination charges on real home-purchase loans in Maine, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$4,744
Typically $3,774–$7,829
Median origination charges
$1,750
Typically $1,150–$4,128
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $3,774 | $4,744 | $7,829 | 12,914 |
| All | $3,559 | $4,964 | $8,138 | 11,601 |
| < $250k | $3,350 | $4,164 | $6,138 | 3,844 |
| < $250k | $3,137 | $4,233 | $6,431 | 4,482 |
| $250k–$500k | $3,859 | $4,821 | $8,975 | 6,630 |
| $250k–$500k | $3,736 | $5,680 | $9,352 | 5,508 |
| $500k–$750k | $4,068 | $5,180 | $10,050 | 1,193 |
| $500k–$750k | $4,178 | $4,978 | $8,993 | 1,739 |
| > $750k | $4,958 | $5,835 | $8,804 | 701 |
| > $750k | $4,702 | $6,104 | $9,319 | 418 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in Maine
- What are the median closing costs in Maine?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in Maine are about $4,744, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in Maine?
- The effective property-tax rate in Maine is about 1.02%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in Maine?
- A median $296,600 home in Maine costs about $2,402 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $2,155. Every figure is from public data.
These figures use Maine's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Maine ranks on property tax and insurance, or browse every state.