Closing Cost Calculator for Maine

Closing Costs in Maine

Buyers in Maine typically pay around $3,400 in total closing costs. Maine imposes a transfer tax of $2.20/$500 of value, split between buyer and seller at $1.10 each. Title insurance rates are reasonable by Northeast standards.

What's Included in Maine Closing Costs?

• Transfer & recording taxes: Maine imposes a transfer tax of $2.20/$500 of value, split between buyer and seller at $1.10 each. Title insurance rates are reasonable by Northeast standards.
• Lender fees: Origination, underwriting, and processing fees — typically 0.5–1% of the loan amount regardless of state.
• Title insurance: Owner's and lender's policies, required in most Maine transactions.
• Prepaid items: First year homeowner's insurance premium, prepaid property tax escrow, and prepaid interest.
• Escrow/attorney fees: Maine typically uses attorneys to close real estate transactions.

Home Values & Loan Context

With a median home value of $320,000 in Maine, a 10% down payment buyer would borrow around $288,000. The conforming loan limit is $726,200 — All Maine counties are at the standard conforming limit.

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