Mortgage Calculator MLcalc

Mortgage Calculator /With Taxes and PMI /New Hampshire

New Hampshire Mortgage Calculator

Set to New Hampshire’s own property tax rate of 1.46% and its median home price, so the payment below reflects what owning here actually costs — not a national average.

$
% ($91,800)
years
%
$/year
$/year
$/month
%
$/month
Amortization schedule
$3,033
Monthly payment
$2,340
Principal & interest
$558
Taxes
$134
Insurance
$0
HOA fees

Loan balance over time

Balance Principal paid $367,200 Interest paid $475,310
20262056
Total of 360 payments$1,091,750
Principal$367,200
Interest$475,310
Taxes$201,030
Insurance$48,210
HOA fees$0
P&I 77.2% Taxes 18.4% Insurance 4.4%
15- vs 30-year term at 6.58%
15-year
$3,215/mo P&I
$211,478 total interest
30-year · current
$2,340/mo P&I
$475,310 total interest
The 15-year term saves $263,832 in interest. Which term is right for you?

What these numbers come from

Median home value
$458,800
Median tax bill
$6,707
Effective tax rate
1.46%
Rank of 51
4th highest

New Hampshire taxes property at about 1.46% of value against 0.89% nationally. On a $459,000 home that is $218 a month more than the same house would cost in taxes at the national rate. Rates are set by counties, cities and school districts, so your own bill will differ from the state median — put your actual figure in the property tax field and the payment updates.

Tax and home value figures: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Insurance is estimated at 0.35% of home value per year — there is no comparable public per-state dataset, so treat it as a placeholder and replace it with your own quote. The interest rate is the national Freddie Mac 30-year average of 6.58%; this site does not publish state-level rate quotes.

Monthly cost across New Hampshire home prices

20% down, 30-year fixed at 6.58%, with New Hampshire property tax of 1.46% and estimated insurance.

Home price Loan P&I Tax/mo Full payment
$275,000 $220,000 $1,402 $335 $1,817
$367,000 $293,600 $1,871 $447 $2,425
$459,000 median $367,200 $2,340 $558 $3,033
$574,000 $459,200 $2,927 $698 $3,792
$688,000 $550,400 $3,508 $837 $4,546

The gap between the P&I column and the last one is what a mortgage quote leaves out. In New Hampshire taxes alone add $558 a month on a median-priced home.

Amortization schedule

Date Principal Interest Tax, Ins. & HOA Balance
Aug $327 $2,013 $692 $366,873
Sep $329 $2,012 $692 $366,545
Oct $330 $2,010 $692 $366,214
Nov $332 $2,008 $692 $365,882
Dec $334 $2,006 $692 $365,548
2026 $1,652 $10,049 $3,462 $365,548
Jan $336 $2,004 $692 $365,212
Feb $338 $2,003 $692 $364,874
Mar $340 $2,001 $692 $364,535
Apr $341 $1,999 $692 $364,193
May $343 $1,997 $692 $363,850
Jun $345 $1,995 $692 $363,505

Refinancing in New Hampshire

The arithmetic is the same everywhere: refinancing pays off when the monthly saving clears the closing costs before you sell or refinance again. What differs by state is the cost of getting there — recording fees, transfer and mortgage taxes, and whether an existing tax assessment survives the new loan.

Work the break-even with the refinance calculator, or check this week’s national average rates.

New Hampshire home loans in detail

New Hampshire Mortgage Overview

Over 70 percent of homes in New Hampshire are owner-occupied. With a median home price of around $500,000, it's a great place to call home. New Hampshire is a historical state that stays true to its legacy, and still, use its nickname 'The Granite State' today.

If you're thinking of moving to this East Coast state, here are your loan options.

New Hampshire conventional loans

Borrowers need a 660 credit score and a max 36 percent debt ratio for the conventional loan. With just 3 percent down as a first-time homebuyer or 5 percent down as a subsequent homebuyer, you can secure a home loan. Conventional loans require Private Mortgage Insurance until you pay off 20 percent of the home's value.

New Hampshire FHA loans

All you need is a 580 credit score and a 3.5 percent down payment for the FHA loan. Borrowers may have a 45 - 50 percent debt ratio. Even if you have a 500 - 579 credit score, you can get funding. You'll need 10 percent down and lenders may be tougher on your debt ratio, but there's a chance of approval. FHA loans require mortgage insurance for the loan's term.

New Hampshire VA loans

Veterans and current military members can secure 100 percent financing from a VA lender. Lenders require a 620 credit score and enough income to cover the mortgage, consumer debts, and the daily cost of living. You don't need a down payment and VA loans don't charge mortgage insurance. There is an upfront funding fee but you can roll it into your loan amount.

New Hampshire USDA loans

Rural living in New Hampshire is beautiful. The USDA loan may be a good option if your household income is less than 115% of the area's median income. Borrowers need a 640+ credit score to qualify. If you do, you'll get 100 percent financing. USDA loans have low interest rates and low mortgage insurance for the life of the loan.

First-Time Homebuyer

Programs in New Hampshire

Home Flex Plus Program

Receive up to 4 percent of the loan amount in down payment or closing cost assistance with the Home Flex Plus program. This is a second mortgage program that's forgiven after 4 years if you're still in the home. The program has income limits you must meet.

Home Preferred Plus Program

If you make 80 percent or less of the area's median income, you may qualify for 97 percent financing at below-market rates and below-market mortgage insurance costs. The 3 percent down payment is a forgivable loan that's forgiven if you live there for 4 years.

Home Start Homebuyer Tax Credit

Receive an annual tax credit for the life of the loan with this program. This makes it easier to afford a home by decreasing your taxable income and keeping more money in your pocket.

New Hampshire mortgage FAQ

How much is property tax on a home in New Hampshire?
New Hampshire homeowners pay an effective property tax rate of about 1.46 percent of home value — the 4th highest of the 50 states and DC. On the state's median home value of $458,800 that works out to roughly $6,701 a year, or $558 a month added to the mortgage payment. The figures come from the Census Bureau's American Community Survey 2024 1-year estimates; your own bill depends on the county and city rates where the home sits.
What is the monthly payment on a median-priced New Hampshire home?
At $459,000 with 20 percent down and the current 6.58 percent national 30-year fixed average, principal and interest come to about $2,340 a month. Adding New Hampshire property tax of roughly $558 a month and an estimated $134 of homeowner insurance brings the full payment to around $3,033.
What kinds of mortgages can you get in New Hampshire?
New Hampshire buyers can use conventional loans with a 660 credit score, a 36 percent debt ratio, and 3 to 5 percent down. FHA loans need only a 580 score with 3.5 percent down, or 10 percent down for scores from 500 to 579. VA loans offer veterans 100 percent financing, and USDA loans provide zero-down rural financing for households under 115 percent of area median income.
What assistance does New Hampshire provide for first-time buyers?
Home Flex Plus provides up to 4 percent of the loan amount in down payment or closing cost help through a second mortgage forgiven after 4 years. Home Preferred Plus offers 97 percent financing with below-market rates and a forgivable 3 percent down payment loan for buyers earning 80 percent or less of area median income. The Home Start Homebuyer Tax Credit adds an annual tax credit for the life of the loan.
How much down payment do you need to buy in New Hampshire?
First-time buyers can put down as little as 3 percent on a conventional loan or 3.5 percent with FHA financing at a 580 credit score. VA and USDA loans require no down payment for eligible veterans and rural buyers. The Home Flex Plus and Home Preferred Plus programs can cover the down payment entirely through forgivable assistance.

Property tax in every state

Effective rate on owner-occupied value, highest bills first in each column.