Mortgage Calculator & Closing Costs: Ellsworth, ME
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ellsworth, Maine.
Median Home Price
$315K
Population
8K
Avg Monthly Rent
$1,250
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 Ellsworth.
Ellsworth vs Maine Median
The median home price in Ellsworth is $315,000, which is 10% below the Maine state median of $350,000.
Mortgage Calculator — Ellsworth, ME
Pre-filled with Ellsworth median home price and Maine tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using Maine's 1.3% tax rate and $1,300/yr insurance.
5% Down
$2,516/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $341
Insurance: $108
PMI: $175
10% Down
$2,407/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $341
Insurance: $108
PMI: $165
20% Down (No PMI)
$2,042/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $341
Insurance: $108
Income needed (28% rule): $88K/year with 20% down, $103K/year with 10% down.
Rent vs Buy in Ellsworth
Rent
$1,250/mo
vs
Buy (10% down)
$2,407/mo
Price-to-rent ratio: 21.0 — At a ratio above 20, renting may be more economical in Ellsworth for shorter stays. Buying costs $1,157 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 Ellsworth is $315,000, 10% below the Maine state median of $350,000. With a population of 8,399, Ellsworth is a smaller market where home prices tend to be more accessible than in many parts of Maine.
Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $315,000 home in Ellsworth would carry roughly $341/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Ellsworth is $1,250/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.
Ellsworth presents moderate affordability. The $315K 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 Ellsworth.