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Mortgage Calculator &
Closing Costs: Saco, ME

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Saco, Maine.

Median Home Price
$395K
Population
20K
Avg Monthly Rent
$1,450
Property Tax Rate
1.3%
Saco vs Maine Median
The median home price in Saco is $395,000, which is 13% above the Maine state median of $350,000.

Mortgage Calculator — Saco, ME

Pre-filled with Saco median home price and Maine tax/insurance rates. Adjust for your property.

$
$79,000
%
%
years
ME avg
%
$
Monthly Payment (PITI)
$2,533
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$1,997
per month
Taxes & Insurance
$536
per month
Total Interest Paid
$403K
over 30 years
Total Loan Cost
$719K
all payments
Payment Breakdown
Loan Amount$316,000
Principal & Interest$1,997
Property Taxes$428
Homeowners Insurance$108
Total Monthly PITI$2,533

Closing Costs — Saco, ME

Estimated closing costs based on Maine rates and fees applied to Saco prices.

$
%
Maine: Avg closing costs 1.5% of price. Transfer tax: 0.44%.
Estimated Closing Costs
$13,466
3.4% of purchase price
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Lender Fees
$3,269
origination, underwriting
Third-Party
$3,425
appraisal, title, inspection
Government Fees
$1,738
transfer taxes, recording
Prepaids + Escrow
$5,034
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,844
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,275
Recording Fee$150
Transfer Tax$1,738
Prepaid Taxes (3 mo)$1,284
Prepaid Insurance (12 mo)$1,300
Prepaid Interest (15 days)$950
Escrow Reserves$1,500
Total Closing Costs$13,466

Buying a Home in Saco, Maine

The median home price in Saco is $395,000, 13% above the Maine state median of $350,000. With a population of 20,381, Saco 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 $395,000 home in Saco would carry roughly $428/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.

Average rent in Saco is $1,450/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.

Saco presents moderate affordability. The $395K 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 Saco.
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