Mortgage Rates in Westbrook, Maine — March 2026
Updated March 2026 | Based on Westbrook market data and regional lending conditions
Westbrook is a growing city in Maine with a population of 20,240. The current 30-year fixed mortgage rate in Westbrook is 6.63%, which is 0.02% below the national average. With a median home price of $229,000 and a 20% down payment of $45,800, homebuyers can expect a monthly principal and interest payment of approximately $1,174.
Current Mortgage Rates in Westbrook, ME
Below are the current average mortgage rates available in the Westbrook 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Westbrook Housing Market Overview
The Westbrook housing market offers relatively affordable housing compared to many major cities. The median household income in Westbrook is $53,500, and the cost of living index is 109.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $62,186 to comfortably afford the median-priced home in Westbrook, which exceeds the current median household income.
Monthly Payment Breakdown for Westbrook
Based on the median home price of $229,000 with 20% down ($45,800), here is what you can expect to pay monthly in Westbrook:
15-Year vs. 30-Year Mortgage in Westbrook
Choosing a 15-year mortgage in Westbrook at 5.89% instead of a 30-year at 6.63% would save you $146,340 in total interest over the life of the loan. However, your monthly payment would be $1,535 instead of $1,174 — an increase of $361 per month.
Calculate Your Westbrook 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 Westbrook
What are the current mortgage rates in Westbrook, ME?
As of March 2026, the average 30-year fixed mortgage rate in Westbrook, Maine is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Westbrook?
Based on the median home price of $229,000 with 20% down, the estimated monthly mortgage payment in Westbrook is $1,174 for principal and interest. Including property taxes of $277/month, the total monthly housing cost is approximately $1,451.
What income do I need to buy a home in Westbrook?
Using the 28% rule, you would need an annual income of approximately $62,186 to afford the median-priced home in Westbrook at $229,000. The median household income in Westbrook is $53,500. This means most households would need to either earn above the median or consider homes below $229,000.
Is Westbrook a good place to buy a home in 2026?
Westbrook has a moderate cost of living with a cost of living index of 109.5 (national average = 100). The property tax rate in Maine is 1.45%, which is near the national average. Westbrook has a population of 20,240 and offers a balanced 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 Westbrook, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.