Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Maine and Oklahoma. Updated for 2026.
Oklahoma wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Oklahoma offers meaningful savings compared to Maine. 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 Oklahoma saves you approximately $883/month ($10,596/year) compared to Maine, based on median home prices with identical loan terms.
Oklahoma offers meaningfully lower home prices than Maine, with median prices running 40% less ($140K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Maine may find Oklahoma far more accessible, particularly when combined with local down payment assistance programs.
Oklahoma has a moderate property tax advantage at 0.88% versus Maine's 1.3%. While the rate gap of 0.42% may seem small, it translates to an annual difference of approximately $2,702 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $22K in savings.
Homeowners insurance is significantly cheaper in Maine ($1,300/year) compared to Oklahoma ($3,600/year). That's an extra $2,300 per year — or $192/month — eating into your budget in Oklahoma. Oklahoma's high insurance costs are often driven by severe weather risks (hurricanes, tornadoes, or wildfires), which also affect availability of coverage.
Both states offer down payment assistance for first-time buyers. Maine's MaineHousing First Home provides $5,000 Advantage grant, while Oklahoma's OHFA Homebuyer DPA offers Up to 3.5% DPA. 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: Oklahoma homes cost $140K less than Maine on average. That translates to roughly $883 less per month in total housing costs if you choose Oklahoma. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.