Typical New Hampshire mortgage payment
The median home price in New Hampshire is roughly $480,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $3,796 | $2,577 |
| 5.50% | $3,922 | $2,725 |
| 6.00% | $4,051 | $2,878 |
| 6.50% | $4,181 | $3,034 |
| 7.00% | $4,314 | $3,193 |
| 7.50% | $4,450 | $3,356 |
| 8.00% | $4,587 | $3,522 |
| 8.50% | $4,727 | $3,691 |
| 9.00% | $4,868 | $3,862 |
| 9.50% | $5,012 | $4,036 |
| 10.00% | $5,158 | $4,212 |
What a New Hampshire mortgage really costs (PITI)
Principal & interest alone would run about $3,034/month at 6.50% over 30 years. But New Hampshire's property tax - roughly 2.18% of home value per year here - adds about $872/month, and estimated homeowners insurance adds around $140/month. Your real total monthly payment (PITI) on a $480,000 New Hampshire home is closer to $4,046/month.
Using the standard 28%-of-income guideline, comfortably affording this home takes a household income around $173,397/year. A 20% down payment here is $96,000.
New Hampshire vs. its neighbors
Of New Hampshire and its neighbors, Maine has the lowest estimated total monthly payment - about $1,103 less per month than New Hampshire.
| State | Median price | Property tax rate | Est. total monthly (PITI) |
|---|---|---|---|
| Maine | $380,000 | 1.36% | $2,943/mo |
| Vermont | $400,000 | 1.90% | $3,278/mo |
| New Hampshire (this page) | $480,000 | 2.18% | $4,046/mo |
| Massachusetts | $600,000 | 1.23% | $4,582/mo |
What affects your New Hampshire payment?
- Property tax above is a statewide estimate - your county's actual rate may differ.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price, property tax rate and insurance are approximate estimates, not county-specific figures. Not financial advice.