| Transfer tax | Real estate transfer tax $2.20 per $500 of value, imposed on both the grantor and the grantee. |
|---|---|
| Usually paid by | Split 50/50 |
| Attorney at closing | Not required |
| Recording | Recording fees are set by the county registry of deeds, typically a flat fee per document. |
What drives your total
Lender fees, title insurance, prepaid taxes and insurance, and any points you buy move the number most. On a $400,000 purchase, 2–5% means roughly $8,000–$20,000 at the table, your Loan Estimate itemizes every dollar three business days before closing.
Ways to reduce cash to close
- Seller credits (negotiated in the contract, program limits apply)
- Lender credits in exchange for a slightly higher rate
- Down payment assistance programs where available
- Closing on time, per-diem interest accrues daily
Sources: Tax Foundation 2026 (2024 ACS); Maine Revenue Services. Figures are typical ranges, not quotes.
FAQ
How much are closing costs in Maine?
Buyer closing costs in Maine typically run 2–5% of the purchase price. State-specific items include: Real estate transfer tax $2.20 per $500 of value, imposed on both the grantor and the grantee.
Who pays transfer tax in Maine?
Customarily the split 50/50 pays the transfer tax in Maine, though it is negotiable in the contract.
Does Maine require an attorney at closing?
No, Maine does not require an attorney at closing, though title insurance is still standard.