Portland, ME mortgage calculator

Portland
Mortgage
Calculator

Portland has surged since 2020 as remote workers relocated from Boston and New York, driving significant home-price appreciation for a city its size. Cumberland County's property tax rate applies, close to the statewide average.

1.15% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$3,146
P&I · Taxes · Insurance
Total interest
$498,119
Principal & Interest$2,473/mo
Property Tax (1.15%)$470/mo
Homeowners Insurance$204/mo

Recommended for incomes above $135k/yr (28% DTI rule)

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1.15%
Portland area property tax rate
$490,000
Portland median home price
$3,146
est. monthly payment at defaults

Portland housing market

$490,000
Median home price
$65,000
Median household income
68,408
City population

The 1.15% property tax rate reflects the county-level effective rate for Portland and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Maine average — county-level data produces more accurate monthly payment estimates for Portland buyers. Many Portland properties also carry HOA fees — the area average is approximately $250/month, which is not included in the calculator above.

Rate history

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