New Hampshire Mortgage Calculator

Calculate your monthly mortgage payment in New Hampshire. Pre-filled with New Hampshire's average property tax rate of 1.86%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$542
Homeowner's Insurance
$100
Total Monthly Payment
$2,412

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

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Your estimated payment is $2,412/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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New Hampshire Housing Overview

New Hampshire has an average property tax rate of 1.86%. New Hampshire's cost of living is about 6% above the national average, driven primarily by high property taxes and housing costs.

Property Tax: 1.86%No state income taxNo state sales taxVery high property taxes

Buying a Home in New Hampshire

If you're considering buying a home in New Hampshire, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills New Hampshire's average property tax rate of 1.86% to give you a more accurate estimate.

New Hampshire Property Taxes

New Hampshire has an average effective property tax rate of 1.86%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 1.86% rate means approximately $6510 per year, or $543 per month in property taxes alone.

Cost of Living in New Hampshire

New Hampshire's cost of living is about 6% above the national average, driven primarily by high property taxes and housing costs. When evaluating whether to buy a home in New Hampshire, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for New Hampshire Homebuyers

  • No state income tax on any income type gives New Hampshire workers a significant advantage
  • New Hampshire has no state sales tax either — one of the few states with neither
  • Property taxes in New Hampshire are among the highest in the nation — factor this into housing costs
  • New Hampshire's proximity to Boston allows access to high-paying jobs with no state income tax

Key New Hampshire Features

  • No state income tax
  • No state sales tax
  • Very high property taxes
  • Close to Boston job market

See How Your New Hampshire Mortgage Fits Your Financial Plan

This calculator shows your New Hampshire mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Frequently Asked Questions

What is the average property tax rate in New Hampshire?
The average effective property tax rate in New Hampshire is approximately 1.86%. This rate is applied to the assessed value of your property, which may differ from the market value depending on New Hampshire's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in New Hampshire?
Your mortgage payment in New Hampshire depends on the home price, your down payment, interest rate, and loan term. With New Hampshire's average property tax rate of 1.86%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is New Hampshire an affordable state to buy a home?
New Hampshire's cost of living is about 6% above the national average, driven primarily by high property taxes and housing costs. When evaluating affordability in New Hampshire, consider not just the home price but also property taxes (1.86% average), homeowner's insurance costs, and any HOA fees common in your area.
How do New Hampshire property taxes compare to other states?
New Hampshire's average property tax rate of 1.86% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in New Hampshire?
Most states, including New Hampshire, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with New Hampshire's housing authority and the FHA, VA, and USDA loan programs for additional options.

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