Mortgage Rates in Auburn, Maine — March 2026
Updated March 2026 | Based on Auburn market data and regional lending conditions
Auburn is a growing city in Maine with a population of 24,220. The current 30-year fixed mortgage rate in Auburn is 6.05%, which is 0.6% below the national average. With a median home price of $205,000 and a 20% down payment of $41,000, homebuyers can expect a monthly principal and interest payment of approximately $988.
Current Mortgage Rates in Auburn, ME
Below are the current average mortgage rates available in the Auburn area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.05% | 6.65% | -0.6% |
| 15-Year Fixed | 5.29% | 5.89% | -0.6% |
| 5/1 ARM | 5.55% | 6.15% | -0.6% |
| FHA | 5.65% | 6.25% | -0.6% |
| VA | 5.45% | 6.05% | -0.6% |
| Jumbo | 6.25% | 6.85% | -0.6% |
Auburn Housing Market Overview
The Auburn housing market offers relatively affordable housing compared to many major cities. The median household income in Auburn is $42,000, and the cost of living index is 94 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,457 to comfortably afford the median-priced home in Auburn, which exceeds the current median household income.
Monthly Payment Breakdown for Auburn
Based on the median home price of $205,000 with 20% down ($41,000), here is what you can expect to pay monthly in Auburn:
15-Year vs. 30-Year Mortgage in Auburn
Choosing a 15-year mortgage in Auburn at 5.29% instead of a 30-year at 6.05% would save you $117,720 in total interest over the life of the loan. However, your monthly payment would be $1,322 instead of $988 — an increase of $334 per month.
Calculate Your Auburn Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Auburn
What are the current mortgage rates in Auburn, ME?
As of March 2026, the average 30-year fixed mortgage rate in Auburn, Maine is 6.05%, while the 15-year fixed rate is 5.29%. FHA loans average 5.65% and VA loans 5.45%. These rates are 0.6% below the national average of 6.65%.
How much is a monthly mortgage payment in Auburn?
Based on the median home price of $205,000 with 20% down, the estimated monthly mortgage payment in Auburn is $988 for principal and interest. Including property taxes of $236/month, the total monthly housing cost is approximately $1,224.
What income do I need to buy a home in Auburn?
Using the 28% rule, you would need an annual income of approximately $52,457 to afford the median-priced home in Auburn at $205,000. The median household income in Auburn is $42,000. This means most households would need to either earn above the median or consider homes below $205,000.
Is Auburn a good place to buy a home in 2026?
Auburn offers a below-average cost of living with a cost of living index of 94 (national average = 100). The property tax rate in Maine is 1.38%, which is near the national average. Auburn has a population of 24,220 and offers a very affordable lifestyle.
Mortgage Rates in Other Maine Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Auburn, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.