Mortgage Calculator & Closing Costs: Brunswick, ME
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Brunswick, Maine.
Median Home Price
$385K
Population
22K
Avg Monthly Rent
$1,520
Property Tax Rate
1.3% *
* Property tax shown is the Maine state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Brunswick.
Brunswick vs Maine Median
The median home price in Brunswick is $385,000, which is 10% above the Maine state median of $350,000.
Mortgage Calculator — Brunswick, ME
Pre-filled with Brunswick median home price and Maine tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $385K home using Maine's 1.3% tax rate and $1,300/yr insurance.
5% Down
$3,051/mo
Down: $19,250
Loan: $366K
P&I: $2,312
Tax: $417
Insurance: $108
PMI: $213
10% Down
$2,918/mo
Down: $38,500
Loan: $347K
P&I: $2,190
Tax: $417
Insurance: $108
PMI: $202
20% Down (No PMI)
$2,472/mo
Down: $77,000
Loan: $308K
P&I: $1,947
Tax: $417
Insurance: $108
Income needed (28% rule): $106K/year with 20% down, $125K/year with 10% down.
Rent vs Buy in Brunswick
Rent
$1,520/mo
vs
Buy (10% down)
$2,918/mo
Price-to-rent ratio: 21.1 — At a ratio above 20, renting may be more economical in Brunswick for shorter stays. Buying costs $1,398 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Brunswick is $385,000, 10% above the Maine state median of $350,000. With a population of 21,756, Brunswick is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $385,000 home in Brunswick would carry roughly $417/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Brunswick is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Brunswick presents moderate affordability. The $385K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Brunswick.