Maine Mortgage Calculator
Maine mortgage calculator
This Maine mortgage calculator estimates principal, interest, property taxes and homeowners insurance using the quote you enter. I review mortgage insurance, association dues and your full file separately before telling you what you qualify for.
Reviewed by Travis Penny, NMLS 1649161
Last reviewed October 20, 2026
This calculator estimates a Maine mortgage payment from your inputs. I'm Travis Penny, mortgage broker, NMLS 1649161. You reach me directly by calling or texting (207) 615-7770, or emailing Travis@travis.mortgage.
Buying or refinancing in Maine? Call or text me and I'll review the numbers for your home.
Common minimums: 3% conventional for eligible first time buyers, 3.5% FHA with 580+ credit, 0% VA or USDA for eligible buyers, 10% second home, 15% to 25% investment property. 20% down avoids PMI.
Estimated monthly payment
Enter your rate quote
Estimates only. Actual payment depends on your loan program, credit profile, escrow setup, and any mortgage insurance.
Get a real quoteMaine property tax and insurance assumptions
The tax and insurance fields above are starting points, not quotes. Maine property taxes are set town by town, so the same price can carry a very different tax bill in Portland, Windham, or Bangor. The best source is the current tax bill on the listing or the town assessor's office, and I recommend replacing the default with that number.
Homeowners insurance depends on the age of the home, the heating system, the roof, distance to a fire station, and your deductible. Older Maine homes with oil heat or original wiring can price differently than newer builds. Ask an insurance agent for a quote on the actual address before you rely on the total.
If your down payment is under 20 percent on a conventional loan, your real payment may also include private mortgage insurance, and FHA loans carry mortgage insurance at any down payment. This calculator leaves mortgage insurance out. Buying your first place? Read my Maine first time home buyer guide.
This information is general education, not a loan offer or a commitment to lend. Down payment and credit requirements vary by client, property, and lender, and program guidelines change. For your own numbers, call or text me at (207) 615-7770 or email Travis@travis.mortgage.
Frequently asked questions
What does the Maine mortgage calculator include?
It estimates principal and interest from your inputs, then adds the property taxes and homeowners insurance you enter. I recommend using the actual tax bill and an insurance quote for the address.
Why doesn't this calculator show a rate?
Rates change daily and depend on your file, so I quote yours directly. Enter your own quote here. Call, text or email me for accurate current pricing based on your program, loan to value, credit and scenario.
Does the estimate include mortgage insurance or association dues?
No. Mortgage insurance, association dues and other property costs can add to the estimate. I review those items when comparing your full housing budget.
Is the calculator a loan approval or quote?
No. It is an estimate from the information you enter, not an approval or loan offer. I review your income, credit, funds and property before recommending a program.
How much house can I afford in Maine?
I review your income, debts, credit, available funds and the full cost of the home. A calculator alone cannot establish what you qualify for. Taxes, insurance, mortgage insurance and association dues need to fit your budget too.
Does this calculator include property taxes?
Yes. It adds the annual property taxes you enter, divided across the year. Use the current town tax information for the actual address rather than rely on the starting value.
Can I use this calculator when refinancing?
Yes, you can enter the proposed loan inputs to estimate principal, interest, taxes and insurance. I separately review refinance closing costs, equity and mortgage insurance before comparing the new loan with what you have.
Compare Maine refinance options, first time buyer programs and FHA requirements in Maine. For investment properties only, use my DSCR calculator.
Buying or refinancing in Maine? Call or text me and I'll review the numbers for your home.
Want to review your payment options?
Call, text, or email me to discuss the details of your scenario.