Homeowners in Maine pay around $63 less per month than the national average when it comes to mortgage payments. When estimating mortgage prices in Maine, you need to consider many factors. These can include state property tax rate, your personal finances and other criteria that can influence your mortgage payment amount.
In Maine, the property tax rate is 1.36% and the average annual property tax that residents pay here is $2,953. You can learn more about property taxes applicable in Maine by visiting the Maine Revenue Department site.
By using our Maine Mortgage calculator, you can get personalized estimates for your home mortgage. You can alter the home price, interest rates and length of the loan to see how the mortgage payments change. This way, you can find out how to get lower mortgage payments.
Moreover, you can also compare different lenders’ offerings while checking how the state’s property tax rate and other charges change the mortgage payments.