Maine mortgage calculator with property tax and insurance
Median home price in Maine: $390,000. Effective property tax 1.24%/yr, homeowners insurance ≈ $1,200/yr. Rates updated Oct 8, 2026.
Payment by loan term
| Term | P&I | All-in | Total interest |
|---|---|---|---|
| 10 yr | $3,703 | $4,206 | $132,419 |
| 15 yr | $2,892 | $3,395 | $208,610 |
| 20 yr | $2,513 | $3,016 | $291,228 |
| 30 yr | $2,182 | $2,685 | $473,358 |
Adjust the numbers
Monthly breakdown
Total interest $473,358 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $3,703 | $4,206 | $132,419 |
| 15 years | $2,892 | $3,395 | $208,610 |
| 20 years | $2,513 | $3,016 | $291,228 |
| 30 years | $2,182 | $2,685 | $473,358 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $23,302 | $2,876 | $309,124 |
| 2 | $23,079 | $3,099 | $306,024 |
| 3 | $22,839 | $3,340 | $302,684 |
| 4 | $22,579 | $3,599 | $299,085 |
| 5 | $22,300 | $3,879 | $295,206 |
| 6 | $21,999 | $4,180 | $291,027 |
| 7 | $21,674 | $4,504 | $286,522 |
| 8 | $21,325 | $4,854 | $281,668 |
| 9 | $20,948 | $5,231 | $276,437 |
| 10 | $20,542 | $5,637 | $270,800 |
| 11 | $20,104 | $6,075 | $264,726 |
| 12 | $19,632 | $6,546 | $258,180 |
| 13 | $19,124 | $7,054 | $251,125 |
| 14 | $18,577 | $7,602 | $243,523 |
| 15 | $17,986 | $8,192 | $235,331 |
| 16 | $17,350 | $8,828 | $226,503 |
| 17 | $16,665 | $9,513 | $216,990 |
| 18 | $15,927 | $10,252 | $206,738 |
| 19 | $15,131 | $11,048 | $195,690 |
| 20 | $14,273 | $11,906 | $183,784 |
| 21 | $13,349 | $12,830 | $170,954 |
| 22 | $12,353 | $13,826 | $157,128 |
| 23 | $11,279 | $14,899 | $142,229 |
| 24 | $10,123 | $16,056 | $126,173 |
| 25 | $8,876 | $17,302 | $108,871 |
| 26 | $7,533 | $18,646 | $90,225 |
| 27 | $6,086 | $20,093 | $70,132 |
| 28 | $4,526 | $21,653 | $48,479 |
| 29 | $2,845 | $23,334 | $25,145 |
| 30 | $1,033 | $25,145 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
Down payment scenarios in Maine
| Down | Cash needed | PMI | Monthly |
|---|---|---|---|
| 3% | $11,700 | $173 | $3,322 |
| 5% | $19,500 | $170 | $3,263 |
| 10% | $39,000 | $161 | $3,118 |
| 15% | $58,500 | $152 | $2,973 |
| 20% | $78,000 | $0 | $2,685 |
| 25% | $97,500 | $0 | $2,548 |
Around the Maine median price
| Home price | P&I | All-in monthly |
|---|---|---|
| $295,000 | $1,650 | $2,055 |
| $390,000 | $2,182 | $2,685 |
| $490,000 | $2,741 | $3,347 |
| $585,000 | $3,272 | $3,977 |
Detailed payment examples
FAQ
What is the average property tax rate in Maine?
Maine's effective property tax rate is about 1.24% of home value per year, which is $403 per month on a $390,000 home. Rates vary by county and by exemptions, so treat this as a planning estimate.
How much is homeowners insurance in Maine?
A typical Maine policy runs around $1,200 per year ($100 per month). Coastal and hail-prone areas can be significantly higher.
Is a $390,000 home affordable in Maine?
At 7.50% with 20% down, the estimated all-in payment is $2,685 per month. Using the 28% rule that implies a household income near $115,000 per year before other debts.