New Hampshire variant. This is a New Hampshire-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $470,000 and an effective property tax rate of 1.93%, a typical New Hampshire mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a New Hampshire mortgage payment
On the $470,000 median home with 20% down ($94,000), you'd finance about $376,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $2,377/month.
New Hampshire's 1.93% effective property tax adds about $756/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in New Hampshire
New Hampshire imposes no tax on earned wage income and no general sales tax, though it has historically taxed certain interest and dividend income.
New Hampshire relies heavily on property taxes, with one of the highest effective rates in the nation near 1.9%, and median home values around $470,000.
New Hampshire's economy benefits from its proximity to Boston, with strengths in manufacturing, technology, and cross-border retail spending.
Worked example: $470,000 home in New Hampshire
Price $470,000, 20% down ($94,000), loan $376,000 at 6.5% for 30 years → P&I ≈ $2,377/mo. Add property tax ≈ $756/mo (1.93% of value ÷ 12). Total before insurance ≈ $3,132/mo.
Quick reference
- State income tax: No income tax on wages (3% on interest/dividends, phasing out)
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $470,000
- Median household income: $90,845
- Effective property tax rate: 1.93%
- Avg auto insurance: $1,064/yr
Frequently Asked Questions
How much is a mortgage on a $470,000 New Hampshire home?
With 20% down at 6.5% over 30 years, principal and interest run about $2,377/month, before New Hampshire's 1.93% property tax and insurance.
What is the property tax rate in New Hampshire?
New Hampshire's effective property tax rate is about 1.93% of home value per year.