Mortgage Calculator – New Hampshire
New Hampshire offers high quality of life, strong job markets, and no state income tax, but higher property taxes can impact affordability.
This New Hampshire mortgage calculator helps you estimate realistic monthly payments by accounting for loan terms, interest rates, property taxes, and insurance.
Mortgage Calculator – New Hampshire
Why Mortgage Costs in New Hampshire Are Property-Tax Driven
New Hampshire does not levy a state income tax on wages, but property taxes are among the highest in the country.
These higher taxes significantly affect monthly mortgage costs, especially in desirable school districts.
Insurance costs are generally moderate, keeping overall homeownership costs predictable.
New Hampshire Mortgage Examples
Example 1: A $450,000 home with 20% down at 6.7% over 30 years may result in a monthly payment around $2,600 including taxes and insurance.
Example 2: Southern New Hampshire tends to have higher prices due to proximity to Boston.
Example 3: Higher property taxes require careful budgeting even when interest rates are competitive.
15-Year vs 30-Year Mortgage in New Hampshire
| Factor | 15-Year Loan | 30-Year Loan |
|---|---|---|
| Monthly Payment | Higher | Lower |
| Total Interest | Much lower | Much higher |
| Best For | Faster payoff | Flexibility |
Frequently Asked Questions – New Hampshire Mortgage
Are property taxes high in New Hampshire?
Yes. New Hampshire has some of the highest property taxes in the U.S.
Does this New Hampshire mortgage calculator include property taxes?
Yes. You can enter an estimated property tax rate.
Is New Hampshire affordable for first-time buyers?
It can be challenging due to higher prices and taxes, especially near Boston.
Do New Hampshire buyers need PMI?
PMI may be required if the down payment is below 20%.
Are mortgage rates higher in New Hampshire?
Rates generally follow national trends.
Does this calculator include HOA fees?
No. HOA fees vary by property and are not included.
Is refinancing common in New Hampshire?
Yes. Homeowners refinance to manage interest rates or monthly payments.
Does no income tax make homes cheaper?
No. Lower income taxes are offset by higher property taxes.
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Disclaimer
This calculator provides estimates for educational purposes only and does not constitute financial, legal, or tax advice.