New Hampshire · NH

New Hampshire Mortgage Calculator

Pre-filled for New Hampshire: median home price $470,000, average property tax rate 1.93%. Adjust any slider to make it yours.

No tax on wage income; high property taxes.

New Hampshire housing at a glance

Median home price: $470,000
Effective property tax rate: 1.93% / yr
Annual property tax (median home): $9,071
Est. monthly tax escrow: $756
State income tax: None

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in New Hampshire

The median home price in New Hampshire is around $470,000 and the effective property tax rate averages 1.93%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

Because New Hampshire has no state income tax, your net take-home pay is higher than in comparable-income states — which directly increases how much mortgage you can qualify for under DTI limits.

A 20% down payment on the median home in New Hampshire is $94,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in New Hampshire

New Hampshire charges a real estate transfer tax of $1.50 per $100 (1.5%) split — $0.75 from buyer and $0.75 from seller. One of the highest in the US.

Beyond transfer taxes, total closing costs in New Hampshiretypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $9,400–$23,500.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Mortgage
Deficiency liability: Recourse

New Hampshire mortgage FAQ

What is the monthly mortgage payment for a median-priced home in New Hampshire?: At the current 30-year fixed rate of ~6.81%, a $470,000 home in New Hampshire with 20% down ($94,000) carries a principal-and-interest payment of ~$2,454/mo. Add property tax (~$756/mo at 1.93%) and homeowners insurance and your total is roughly $3,210/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in New Hampshire?: The effective statewide property tax rate in New Hampshire averages 1.93% of assessed value per year. On a $470,000 home, that works out to roughly $9,071 per year ($756/mo). Individual county rates vary.
Does New Hampshire have a state income tax?: No, New Hampshire has no state income tax — no tax on wage income; high property taxes. This can significantly improve affordability compared to high-income-tax states.
What are the closing costs and transfer taxes in New Hampshire?: New Hampshire charges a real estate transfer tax of $1.50 per $100 (1.5%) split — $0.75 from buyer and $0.75 from seller. One of the highest in the US.
What type of foreclosure does New Hampshire use?: New Hampshire uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

Mortgage calculators by state

← Back to the main mortgage calculator