Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Illinois and Maine. Updated for 2026.
Maine wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Illinois has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Illinois saves you approximately $349/month ($4,188/year) compared to Maine, based on median home prices with identical loan terms.
Illinois offers meaningfully lower home prices than Maine, with median prices running 23% less ($80K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Maine may find Illinois far more accessible, particularly when combined with local down payment assistance programs.
Maine has a moderate property tax advantage at 1.3% versus Illinois's 2.07%. While the rate gap of 0.77% may seem small, it translates to an annual difference of approximately $1,039 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $8K in savings.
Insurance costs favor Maine at $1,300/year versus $1,900/year in Illinois, a difference of $600 annually. While not the largest cost factor, this adds up to over $6K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Both states offer down payment assistance for first-time buyers. Illinois's IHDA 1stHomeIllinois provides $7,500 forgivable loan, while Maine's MaineHousing First Home offers $5,000 Advantage grant. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Illinois and Maine are broadly similar in housing costs, with only $349/month separating them in total PITI payments. In cases like this, your decision should be driven by lifestyle preferences — job opportunities, climate, proximity to family, and quality of life — rather than pure cost savings. Either state offers a reasonable path to homeownership.