How much house can I afford in Maine?

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

Not your state? Find your calculator here.

Maine at a glance

Median home price
$428,478
Typical closing costs
2%–5% of price
Transfer tax
0.44% of sale price, customarily paid by split between buyer and seller
Closing custom
varies
Homestead exemption
Maine's homestead exemption reduces the assessed value of a permanent resident's primary home by $25,000 for property tax purposes (not an automatic credit — must file an application with the municipality by April 1). Requires the applicant to have owned a home in Maine for the preceding 12 months and to occupy the property as a permanent residence. Effective for tax years beginning April 1, 2026, the full $25,000 exemption is extended to homeowners age 65+ or veterans regardless of the municipality's assessment ratio (previously the effective benefit could be reduced in municipalities assessing below 100% of value).

First-time buyer / down payment assistance programs

  • MaineHousing First Home Loan Program

    MaineHousing's (Maine State Housing Authority) primary low fixed-rate first mortgage for first-time homebuyers statewide, with options for little-to-no down payment; can be paired with the 'Advantage' down payment/closing-cost assistance option.

  • MaineHousing Advantage Down Payment and Closing Cost Assistance

    $5,000 toward down payment/closing costs, provided as part of a First Home Loan (not a separate second mortgage, no added interest rate) — $8,000/$11,000/$14,000 for 2/3/4-unit properties respectively under the Multi-Unit Advantage variant. Usable with FHA, VA, RD, and MaineHousing Self-Insured/Uninsured mobile home loans.

Continue calculating

Mortgage payment calculator

Estimated all-in monthly payment for a home price you have in mind.

First-time buyer programs

Check which down payment assistance programs you likely qualify for.

Take-home pay calculator

What actually reaches your account after federal tax, FICA, and your state's own brackets — with local income tax disclosed rather than guessed at.

Related reading

Closing Costs in Maine: What You'll Actually Pay

9 min read

Maine's transfer tax splits 50-50 by statute, so a buyer at the $428,478 median pays only $943 — yet cash to close at 20% down still tops $100,000.

What Is PMI, and How Do You Get Rid of It?

15 min read

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

$4.99

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

$4.99

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.