Mortgage Rates in Windham, Maine — March 2026
Updated March 2026 | Based on Windham market data and regional lending conditions
Windham is a growing city in Maine with a population of 18,834. The current 30-year fixed mortgage rate in Windham is 6.8%, which is 0.15% above the national average. With a median home price of $263,000 and a 20% down payment of $52,600, homebuyers can expect a monthly principal and interest payment of approximately $1,372.
Current Mortgage Rates in Windham, ME
Below are the current average mortgage rates available in the Windham 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 | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.05% | 6.85% | +0.2% |
Windham Housing Market Overview
The Windham housing market offers relatively affordable housing compared to many major cities. The median household income in Windham is $55,600, and the cost of living index is 111.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $71,486 to comfortably afford the median-priced home in Windham, which exceeds the current median household income.
Monthly Payment Breakdown for Windham
Based on the median home price of $263,000 with 20% down ($52,600), here is what you can expect to pay monthly in Windham:
15-Year vs. 30-Year Mortgage in Windham
Choosing a 15-year mortgage in Windham at 6.03% instead of a 30-year at 6.8% would save you $173,700 in total interest over the life of the loan. However, your monthly payment would be $1,779 instead of $1,372 — an increase of $407 per month.
Calculate Your Windham 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 Windham
What are the current mortgage rates in Windham, ME?
As of March 2026, the average 30-year fixed mortgage rate in Windham, Maine is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in Windham?
Based on the median home price of $263,000 with 20% down, the estimated monthly mortgage payment in Windham is $1,372 for principal and interest. Including property taxes of $296/month, the total monthly housing cost is approximately $1,668.
What income do I need to buy a home in Windham?
Using the 28% rule, you would need an annual income of approximately $71,486 to afford the median-priced home in Windham at $263,000. The median household income in Windham is $55,600. This means most households would need to either earn above the median or consider homes below $263,000.
Is Windham a good place to buy a home in 2026?
Windham has a moderate cost of living with a cost of living index of 111.8 (national average = 100). The property tax rate in Maine is 1.35%, which is near the national average. Windham has a population of 18,834 and offers a balanced lifestyle.
Mortgage Rates in Other Maine Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Windham, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.