New Hampshire Mortgage Calculator
Estimate your monthly mortgage payment in New Hampshire with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in New Hampshire is $475,000 with an effective property tax rate of 1.93%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
Optional
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $28,822.32 | $4,247.38 | $24,574.94 | $375,752.62 |
| 1 | $2,401.86 | $343.53 | $2,058.33 | $379,656.47 |
| 2 | $2,401.86 | $345.39 | $2,056.47 | $379,311.08 |
| 3 | $2,401.86 | $347.26 | $2,054.60 | $378,963.82 |
| 4 | $2,401.86 | $349.14 | $2,052.72 | $378,614.68 |
| 5 | $2,401.86 | $351.03 | $2,050.83 | $378,263.65 |
| 6 | $2,401.86 | $352.93 | $2,048.93 | $377,910.72 |
| 7 | $2,401.86 | $354.84 | $2,047.02 | $377,555.88 |
| 8 | $2,401.86 | $356.77 | $2,045.09 | $377,199.11 |
| 9 | $2,401.86 | $358.70 | $2,043.16 | $376,840.41 |
| 10 | $2,401.86 | $360.64 | $2,041.22 | $376,479.77 |
| 11 | $2,401.86 | $362.59 | $2,039.27 | $376,117.18 |
| 12 | $2,401.86 | $364.56 | $2,037.30 | $375,752.62 |
Year 2 | $28,822.32 | $4,531.82 | $24,290.50 | $371,220.80 |
Year 3 | $28,822.32 | $4,835.32 | $23,987.00 | $366,385.48 |
Year 4 | $28,822.32 | $5,159.16 | $23,663.16 | $361,226.32 |
Year 5 | $28,822.32 | $5,504.69 | $23,317.63 | $355,721.63 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
New Hampshire Housing Snapshot
| Median Home Value | $475,000 |
| Effective Property Tax Rate | 1.93% |
| Estimated Annual Property Tax | $9,168 |
| State Income Tax | No wage income tax; 5% interest/dividends tax (phasing out by 2027) |
| Homestead Exemption | $120,000 protection in bankruptcy |
| Avg Homeowners Insurance | $990/yr |
| Transfer & Recording Taxes | Real estate transfer tax 1.5% of sale price (0.75% each from buyer and seller) |
What Makes Buying in New Hampshire Different
New Hampshire is the famously unique New England state with no state income tax on wages (interest and dividends tax is being phased out by 2027) and no sales tax. The tradeoff appears on the property tax bill, which at 1.93% effective is the third-highest in the US after New Jersey and Illinois. On a median $475,000 home, annual property tax runs around $9,170. Local property tax is the primary funding mechanism for schools and municipal services, with town rates varying widely. Manchester and Nashua are the major markets, with significant Boston-area commuter influence pushing prices up in southern New Hampshire. Portsmouth (seacoast) has emerged as one of the most expensive small cities in New England with a median above $695,000. New Hampshire's real estate transfer tax is 1.5% of sale price, split between buyer and seller. Insurance is very affordable at $990 per year, low for the Northeast given limited tornado/hurricane exposure beyond occasional Nor'easter damage.
Top Cities in New Hampshire
| City | Median Home Value |
|---|---|
| Manchester | $425,000 |
| Nashua | $475,000 |
| Concord | $395,000 |
| Portsmouth | $695,000 |
| Dover | $465,000 |
New Hampshire has no state income tax on wages or salaries. There has been a 5% tax on interest and dividends, but this is being phased out and will be fully eliminated by 2027. For mortgage qualification, New Hampshire residents enjoy higher take-home pay than residents of any neighboring state at the same gross income.
Because New Hampshire has no income tax and no sales tax, local property tax carries the entire funding burden for schools, police, fire, and municipal services. The 1.93% effective rate is the third-highest in the US. Town tax rates vary dramatically: Manchester is around 2.4% effective, while Portsmouth is closer to 1.3% despite higher home values.
New Hampshire charges a 1.5% real estate transfer tax on sale price, split equally between buyer and seller in most cases. On a $475,000 home, each party pays $3,563. The buyer's portion is paid at closing along with mortgage closing costs. This is one of the higher transfer tax rates in the Northeast outside of Connecticut.
Home Affordability Calculator
Find out how much house you can afford based on income, debts, and down payment.
How Much House Can I Afford?
Complete guide with the 28/36 rule, salary-based estimates, and free calculator.
Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.