Maine Closing Costs Calculator
How much are closing costs in Maine?
Maine splits its Real Estate Transfer Tax evenly: buyer and seller each pay $1.10 per $500 of the sale price. Sales over $1,000,000 pay an additional tax on the amount above the million mark (new for late 2025). Enter your numbers to see your side’s estimated total.
Buying in Massachusetts or New Hampshire instead? Use the Massachusetts closing costs calculator or the New Hampshire closing costs calculator.
The Maine Real Estate Transfer Tax is $2.20 per $500 of value (or fraction), split evenly between buyer and seller, plus an additional $3.80 per $500 on the portion of value above $1,000,000 for transfers on or after November 1, 2025 (36 M.R.S. Section 4641-A). Title insurance, attorney, recording, and inspection figures are estimates based on typical Maine ranges. Actual costs vary by transaction, lender, and chosen vendor. For your specific scenario, talk to GoldCoast, licensed in Maine (#CSO5794).
How much are closing costs in Maine?
For most Maine buyers, closing costs run about 2 to 4 percent of the sale price. On a $400,000 purchase that is roughly $11,000 to $12,000, with title insurance, lender fees, escrow prepaids, and the buyer’s half of the Maine Transfer Tax as the biggest lines. Sellers usually pay around 1 percent, dominated by their own half of the transfer tax plus the closing agent.
How the Maine Transfer Tax works
Maine charges a Real Estate Transfer Tax of $2.20 per $500 of value or fraction of $500, split evenly: $1.10 per $500 from the buyer and $1.10 per $500 from the seller. That is $4.40 per $1,000 combined, close to the Massachusetts rate but shared between the parties instead of falling on the seller alone.
The new tax on sales over $1 million
For transfers on or after November 1, 2025, Maine added a second tier: an additional $3.80 per $500 on the portion of the price above $1,000,000, also split between buyer and seller (36 M.R.S. Section 4641-A). On a $1.5 million sale that adds $3,800 total, $1,900 per side, on top of the base transfer tax. The calculator above applies the tier automatically when your price crosses the million mark.
How to read your number
The total is a planning estimate built from typical Maine ranges, not a quote. The number a lender is actually bound by is the Loan Estimate they issue after you apply. GoldCoast is an independent mortgage broker licensed in Maine (#CSO5794), based in Beverly, Massachusetts, and we work with buyers across southern Maine from Kittery to Portland. We can start with a free pre-qualification conversation, no pressure and no cost.
Related guides at GoldCoast
- All mortgage calculators: the full suite of tools
- Massachusetts mortgage calculators: MA-specific tools
- New Hampshire mortgage calculators: NH-specific tools
- Maine mortgage calculators: ME-specific tools
- Massachusetts closing costs calculator: the MA Deed Excise version of this tool
- New Hampshire closing costs calculator: the NH transfer-tax version of this tool
- First step to buying a home: start your conversation with GoldCoast