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Closing Costs in Maine (2026)

Buyers in Maine typically pay $7,516 to $18,790 in closing costs (2–5%) on a median-priced home of $375,800. Our itemized estimate: about $12,896 (3.4% of the price), plus a $75,160 down payment at 20% down.

Maine at a Glance

Median home price

$375,800

Estimated closing costs

$12,896

3.4% of price

Property tax rate

1.27%

≈ $4,773/year

2026 conforming loan limit

$832,750

2026 one-unit conforming limit

Cash to close

$88,056

20% down + closing costs

Monthly payment

$2,477

30-yr at 6.75%

What Makes Maine Different

Maine is an attorney-closing state whose transfer tax is split evenly between buyer and seller. A moderately high effective property tax rate means tax escrow is a meaningful piece of cash to close, especially on coastal properties.

Maine transfer tax is split evenly between buyer and seller.

Local cost factors

Buyer-paid transfer tax

$827

Buyer half of the statewide estimate on the median home

Closing custom

Attorney closing

Maine typically requires a closing attorney

Homeowners insurance

$1,550/yr

Typical premium scaled to the median-priced example

Example loan vs. limit

Conforming

$300,640 loan at 20% down

Itemized Closing Cost Estimate

Assumes a $375,800 purchase with 20% down ($300,640 loan) at 6.75% for 30 years, a 1.27% property tax rate, and $1,550/year insurance. Transfer tax includes only the share buyers in Maine customarily pay.

Line ItemCategoryEstimate
Loan Origination Fee (1% assumed)Lender fees$3,006
Credit ReportLender fees$50
Flood CertificationLender fees$20
Underwriting FeeLender fees$750
Processing FeeLender fees$500
AppraisalThird-party fees$550
Title InsuranceThird-party fees$1,503
Title SearchThird-party fees$300
Attorney Fee (Maine)Third-party fees$900
Survey (if required)Third-party fees$400
Recording FeeGovernment fees$125
Transfer Tax (Maine est.)Government fees$827
Prepaid Interest (15 days)Prepaids & escrow$834
Prepaid Homeowners Insurance (1 year)Prepaids & escrow$1,550
Escrow Prefund — Property Taxes (3 months)Prepaids & escrow$1,194
Escrow Prefund — Insurance (3 months)Prepaids & escrow$387
Total estimated closing costs$12,896

What You'd Pay Each Month

On a median-priced Maine home with 20% down, the full monthly payment is about $2,477: $1,950 in principal and interest, $398 in property taxes, and $129 in homeowners insurance. Taxes and insurance here add 27% on top of the loan payment itself.

Run Your Own Numbers

Closing Cost EstimatorHow Much House Can I Afford?True Monthly Mortgage CostDown Payment Strategy

Frequently Asked Questions

Buyers in Maine typically pay 2% to 5% of the purchase price in closing costs — roughly $7,516 to $18,790 on a median-priced home around $375,800. Our itemized estimate, including lender fees, title work, government fees, and prepaid taxes and insurance, comes to about $12,896 (3.4% of the price) with 20% down at 6.75%.

The effective property tax rate in Maine is approximately 1.27% of home value per year. On a median-priced home of $375,800, that works out to about $4,773 per year, or $398 per month. Several months of taxes are usually collected up front at closing to fund your escrow account.

Yes. Maine transfer tax is split evenly between buyer and seller. At that rate on a $375,800 home, the tax is roughly $1,654 — typically split 50/50 — the buyer's half is included in our estimate. Everything is negotiable in the purchase contract.

The 2026 conforming loan limit in Maine is $832,750 for a one-unit home — the national baseline. No counties in this state are designated high-cost for 2026. On a median-priced $375,800 home with 20% down, the loan is $300,640, so a typical purchase stays conforming. FHA limits also vary by county (2026 floor about $541,288).

With 20% down on a $375,800 home, plan for about $88,056 in total: $75,160 for the down payment plus roughly $12,896 in closing costs and prepaid items. A smaller down payment reduces the cash needed but adds PMI to your monthly payment.

On a median-priced $375,800 home with 20% down and a 30-year loan at 6.75%, the total monthly payment is about $2,477 — $1,950 in principal and interest, $398 in property taxes, and $129 in homeowners insurance.

Nearby states

ConnecticutMassachusettsNew HampshireNew JerseyNew YorkPennsylvaniaRhode IslandVermont
Figures on this page are educational estimates, last reviewed October 18, 2026. Median prices (Redfin via Bankrate), effective property tax rates (Tax Foundation), insurance (Bankrate 2026 averages scaled to the median home), and 2026 conforming loan limits (FHFA) are approximations that vary by county, property, lender, and transaction. They are not a Loan Estimate and not financial advice — your lender's official Loan Estimate is the authoritative document for your closing costs. See our methodology.