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Mortgage Calculator &
Closing Costs: Westbrook, ME

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Westbrook, Maine.

Median Home Price
$375K
Population
19K
Avg Monthly Rent
$1,480
Property Tax Rate
1.3%
Westbrook vs Maine Median
The median home price in Westbrook is $375,000, which is 7% above the Maine state median of $350,000.

Mortgage Calculator — Westbrook, ME

Pre-filled with Westbrook median home price and Maine tax/insurance rates. Adjust for your property.

$
$75,000
%
%
years
ME avg
%
$
Monthly Payment (PITI)
$2,410
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,896
per month
Taxes & Insurance
$514
per month
Total Interest Paid
$383K
over 30 years
Total Loan Cost
$683K
all payments
Payment Breakdown
Loan Amount$300,000
Principal & Interest$1,896
Property Taxes$406
Homeowners Insurance$108
Total Monthly PITI$2,410

Closing Costs — Westbrook, ME

Estimated closing costs based on Maine rates and fees applied to Westbrook prices.

$
%
Maine: Avg closing costs 1.5% of price. Transfer tax: 0.44%.
Estimated Closing Costs
$12,956
3.5% of purchase price
Lender Fees
$3,125
origination, underwriting
Third-Party
$3,325
appraisal, title, inspection
Government Fees
$1,650
transfer taxes, recording
Prepaids + Escrow
$4,856
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,700
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,175
Recording Fee$150
Transfer Tax$1,650
Prepaid Taxes (3 mo)$1,219
Prepaid Insurance (12 mo)$1,300
Prepaid Interest (15 days)$902
Escrow Reserves$1,435
Total Closing Costs$12,956

Buying a Home in Westbrook, Maine

The median home price in Westbrook is $375,000, 7% above the Maine state median of $350,000. With a population of 19,452, Westbrook is a smaller market where home prices reflect strong demand and local economic factors.

Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $375,000 home in Westbrook would carry roughly $406/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.

Average rent in Westbrook is $1,480/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Westbrook presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Westbrook.
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