Maine closing cost calculator

Maine buyers pay half of the transfer tax, 0.22% of the price, and half of the higher rate above $1 million. There’s no mortgage tax.

Maine’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

Maine: Real estate transfer tax: 0.44% to 1.2%, by price, and buyer and seller usually split it. Owner’s title is usually paid by the buyer. An attorney usually handles the closing.

Purchase price

$

The loan

Loan type

Down payment

Interest rate

%

Term

Estimated cash to close $77,051

2.7%closing costs

Purchase price$340,000
Down payment (20%)$68,000
- Loan amount$272,000
Loan costs+$3,420
- Origination and lender feesest.+$2,720
- Appraisalest.+$700
Title and closing+$3,440
- Lender’s title insuranceest.+$500
- Owner’s title insuranceest.+$1,190
- Settlement or escrow feeest.+$600
- Closing attorneyest.+$900
- Recording feesest.+$250
Taxes−$2,400
- Real estate transfer tax (half)+$748
- Property tax credit from the sellerest.−$3,148
Prepaids and escrow+$4,141
- Homeowner’s insurance, first yearest.+$1,700
- Prepaid interest (27 days)est.+$1,308
- Property tax escrow (3 months)est.+$850
- Insurance escrow (2 months)est.+$283
Other costs+$450
- Home inspectionest.+$450
Cash to close$77,051

Estimated monthly payment$2,144

Principal and interest$1,719
Mortgage insurance$0
Property taxes$283
Insurance$142
HOA dues$0

An estimate, not a Loan Estimate or Closing Disclosure. Your lender's Loan Estimate and the title or escrow company give the final figures. Rates, fees and insurance vary by lender and property.

Save it to your client and send it as a link. Cash-to-close sheets are free in Workspace, opening soon.Save it to your client and send it as a link. Cash-to-close sheets are free in Workspace.Save it to your client and send it as a link. Cash-to-close sheets are free in Workspace.

A Maine purchase, worked out

The calculator opens on $340,000, about the median value of an owner-occupied home in Maine ($341,900, 2024 Census estimate), with 20% down on a 30-year conventional loan and a closing on December 5, 2026.

The buyer brings about $77,051: $68,000 down and $9,051 in closing costs, 2.7% of the price. Maine’s taxes on the buyer come to $748 of that: real estate transfer tax (half) $748. The monthly payment comes to about $2,144, with property tax and insurance.

Cash to close on $340,000, 20% down
Down payment	$68,000
Origination and lender feesest.	+$2,720
Appraisalest.	+$700
Lender’s title insuranceest.	+$500
Owner’s title insuranceest.	+$1,190
Settlement or escrow feeest.	+$600
Closing attorneyest.	+$900
Recording feesest.	+$250
Real estate transfer tax (half)	+$748
Property tax credit from the sellerest.	−$3,148
Homeowner’s insurance, first yearest.	+$1,700
Prepaid interest (27 days)est.	+$1,308
Property tax escrow (3 months)est.	+$850
Insurance escrow (2 months)est.	+$283
Home inspectionest.	+$450
Cash to close	$77,051

Estimates are tagged “est.”; Maine’s taxes follow its rules. A “−” is a credit, like the seller’s share of this year’s property tax where it’s paid after the year ends.

At other prices

Maine has no state tax of its own on the buyer. The buyer usually pays half the real estate transfer tax. Each row has 20% down on a conventional loan.

Price	Maine’s buyer taxes	Closing costs	Cash to close	Monthly payment
$250,000	$550	$7,847	$57,847	$1,597
$500,000	$1,100	$11,710	$111,710	$3,153
$750,000	$1,650	$16,025	$166,025	$4,730
$1,000,000	$2,200	$20,400	$220,400	$6,307
$2,000,000	$8,200	$41,699	$441,699	$12,613

Buying in Maine: what to know

No buyer’s taxes

Maine has no mortgage tax. The buyer’s tax is their half of the transfer tax: 0.22% of the price up to $1 million and 0.6% of any part above.

Real estate transfer tax

Maine’s transfer tax is $2.20 per $500 of value (0.44%), split by law half to the seller and half to the buyer. For transfers on or after November 1, 2025, the part of the value above $1 million is taxed at 1.2% in total, also split equally. There are no county or town transfer taxes.

Title insurance

The owner’s policy is optional in Maine, and the buyer customarily chooses and pays for it.

Who runs the closing

Residential closings and title examinations in Maine are commonly handled by attorneys, and many title agents are law firms. It is customary rather than required.

Property taxes and escrow

Maine property tax is set by each town. Ownership status is fixed each April 1, and towns set their own fiscal years and due dates; many run July to June. Unless the parties agree otherwise, taxes are prorated over the town’s fiscal year, so whether the seller has prepaid depends on the town.

Buying in Maine: questions

How much transfer tax does a buyer pay in Maine?

Half of the tax: 0.22% of the price up to $1 million and 0.6% of any part above $1 million.

Do I need title insurance in Maine?

An owner’s policy is optional in Maine; buyers customarily choose and pay for it. Lenders require their own policy.

Is there a mortgage tax in Maine?

No. Maine buyers pay recording fees on the mortgage but no tax on the loan.

How much are closing costs in Maine?

On a $340,000 home with 20% down on a conventional loan, the calculator’s estimates put a Maine buyer’s closing costs at about $9,051, or 2.7% of the price, and cash to close at $77,051. Maine’s taxes on the buyer come to $748 of that: real estate transfer tax (half) $748. Lender fees, insurance and the rate vary, so put in your lender’s Loan Estimate for a closer number.

Is anything I type saved?

No. The calculator runs in your browser and sends nothing to us. A copied link carries the numbers in the address itself, so only people you share it with can open them.