Maine Closing Costs Calculator
Estimate closing costs for buying a home in Maine. Average closing costs run 1.5% of the purchase price (about $5K on the median home).
Maine: Avg closing costs 1.5% of price. Transfer tax: 0.44%.
Lender Fees
$2,945
origination, underwriting
Third-Party
$3,200
appraisal, title, inspection
Government Fees
$1,540
transfer taxes, recording
Prepaids + Escrow
$4,633
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,520
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,050
Recording Fee$150
Transfer Tax$1,540
Prepaid Taxes (3 mo)$1,138
Prepaid Insurance (12 mo)$1,300
Prepaid Interest (15 days)$841
Escrow Reserves$1,354
Total Closing Costs$12,318
Maine Housing at a Glance
Median Home Price
$350K
Maine statewide
Property Tax Rate
1.3%
$379/mo on median
Avg Closing Costs
$5K
1.5% of purchase price
Homeowners Insurance
$1,300/yr
$108/mo
Maine First-Time Buyer Program
MaineHousing First Home
Down payment assistance: $5,000 Advantage grant