Closing Costs for Maine (2026)
Maine (ME) Key Facts
Average Closing Cost Rate
3%
Estimated Closing Costs ( Median Home)
$11,100
Attorney Required at Closing
Yes
Median Home Price
$370,000
Transfer Tax
Varies by county
How This Calculator Works in Maine
This closing costs calculator estimates the total amount you will need at closing when buying a home in Maine. It uses the state's average closing cost rate of 3% as a baseline and lets you adjust for your specific purchase price and situation. Understanding these costs in advance helps you budget effectively and avoid surprises at the closing table.
Maine Overview
Closing costs in Maine average about 3% of the home's purchase price—roughly $11,100 on the median home of $370,000. Maine requires an attorney at closing, adding legal oversight and cost to the process. Transfer taxes in Maine are: $2.20 per $500 (split buyer/seller).
How Maine Compares
Maine's average closing cost rate of 3% is in the middle range nationally. Neighboring New Hampshire averages 3.2%, while Vermont averages 3.2%. States with attorney requirements and higher transfer taxes tend to have elevated closing costs overall.
| State | Top Rate | Notes |
|---|---|---|
| New Hampshire | 3.2% | Average closing costs are 3.2% of the home price, approximately $14,400 on the median home. Attorney required at closing. |
| Vermont | 3.2% | Average closing costs are 3.2% of the home price, approximately $12,160 on the median home. Attorney required at closing. |
| Massachusetts | 3.8% | Average closing costs are 3.8% of the home price, approximately $21,660 on the median home. Attorney required at closing. |
Closing costs in Maine average 3% of the home price, or about $11,100 on the median-priced home of $370,000. The national average for closing costs is typically 2-5% of the purchase price. Maine falls in the mid-range nationally.
Tips for Maine Residents
- 1Budget approximately 3% of the purchase price for closing costs in Maine, which comes to about $11,100 on the median home of $370,000. This is in addition to your down payment and moving expenses.
- 2Maine requires an attorney at closing, adding legal oversight and cost to the process. Attorney fees typically run $500-$2,000 in Maine depending on the complexity of the deal.
- 3Transfer taxes in Maine: $2.20 per $500 (split buyer/seller). Make sure you know who is customarily responsible (buyer or seller) in your county, as local practice varies.
- 4Shop at least three lenders for your Loan Estimate in Maine. Origination fees, discount points, and third-party charges can differ by $1,000 or more between lenders on the same loan amount.
- 5Ask about first-time homebuyer programs in Maine that may offer closing cost assistance, grants, or below-market interest rates. Many state and county housing finance agencies provide such programs.
Frequently Asked Questions
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