Finance · New Hampshire

New Hampshire Mortgage Calculator (2026)

Calculate your monthly payment with New Hampshire-specific property tax (2.18%) and average insurance ($1,100/yr).

New Hampshire defaults: property tax ≈ 2.18% of home value · homeowners insurance ≈ $1,100/year · median home value ≈ $523,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$4,369.45
PITI + PMI/MIP

Payment breakdown

Principal & interest
$3,131.58
Property tax
$950.08
Insurance
$91.67
PMI
Drops month 115
$196.13
Total monthly
$4,369.45

Loan summary

Loan amount
90.0% LTV
$470,700
Total interest paid
$656,668

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$385.83$2,745.75$196.13$470,314
2$388.08$2,743.50$196.13$469,926
3$390.34$2,741.24$196.13$469,536
4$392.62$2,738.96$196.13$469,143
5$394.91$2,736.67$196.13$468,748
6$397.21$2,734.36$196.13$468,351
7$399.53$2,732.05$196.13$467,951
8$401.86$2,729.72$196.13$467,550
9$404.21$2,727.37$196.13$467,145
10$406.56$2,725.01$196.13$466,739
11$408.94$2,722.64$196.13$466,330
12$411.32$2,720.26$196.13$465,919
24$441.06$2,690.52$196.13$460,792
36$472.94$2,658.64$196.13$455,294
48$507.13$2,624.45$196.13$449,399
60$543.79$2,587.79$196.13$443,077
72$583.10$2,548.48$196.13$436,299
84$625.25$2,506.33$196.13$429,031
96$670.45$2,461.13$196.13$421,237
108$718.92$2,412.66$196.13$412,880
120$770.89$2,360.69$403,919
132$826.62$2,304.96$394,310
144$886.37$2,245.21$384,006
156$950.45$2,181.13$372,958
168$1,019.16$2,112.42$361,110
180$1,092.83$2,038.75$348,407
192$1,171.83$1,959.75$334,785
204$1,256.54$1,875.04$320,178
216$1,347.38$1,784.20$304,515
228$1,444.78$1,686.80$287,720
240$1,549.22$1,582.35$269,711
252$1,661.22$1,470.36$250,401
264$1,781.31$1,350.27$229,694
276$1,910.08$1,221.50$207,490
288$2,048.16$1,083.42$183,681
300$2,196.22$935.36$158,151
312$2,354.99$776.59$130,775
324$2,525.23$606.35$101,421
336$2,707.78$423.80$69,944
348$2,903.52$228.06$36,192
360$3,113.42$18.16$0

What the payment actually costs

The carrying cost that lenders leave out of the headline number: at 2.18% effective, New Hampshire sits 3rd of 51 states and adds around $727 a month to a $400,000 home, or $8,720 a year.

Homeowners insurance runs about $1,100 a year in New Hampshire, 45th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $818 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

New Hampshire charges no income tax, and property tax is where that revenue is recovered. At 2.18% the rate ranks 3rd of 51. For a renter the no-income-tax advantage is close to pure gain; for an owner of a $400,000 home it is offset by roughly $8,720 a year. Run both sides before assuming the state is cheap.

Housing costs compound with the rate. New Hampshire runs about 5% above national-average costs, so the same 2.18% rate applies to a larger assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in New Hampshire?
New Hampshire's effective property tax rate is approximately 2.18% of home value per year. On a $523,000 home, that's about $11,401 per year (or $950/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in New Hampshire?
The average annual homeowners insurance premium in New Hampshire is around $1,100 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a New Hampshire mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in New Hampshire?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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