New Hampshire Mortgage Calculator 2026 — High Property Tax State | US Financial Calculators

Median New Hampshire home ($430,000) — 20% down — 7% rate — 30yr

Component	Monthly	Annual
Principal & Interest	$2,288.64	$27,464
Property Tax (1.93%)	$691.58	$8,299
Homeowners Insurance	$150.00	$1,800
Total PITI	$3,130.22	$37,563

Total interest over 30yr: $479,911. PMI not included.

Monthly property tax on a $400,000 home by state

State	Avg Rate	Monthly/$400k
Alabama	0.41%	$136.67
Alaska	1.04%	$346.67
Arizona	0.62%	$206.67
Arkansas	0.62%	$206.67
California	0.76%	$253.33
Colorado	0.51%	$170.00
Connecticut	1.79%	$596.67
Delaware	0.57%	$190.00
Florida	0.89%	$296.67
Georgia	0.92%	$306.67
Hawaii	0.29%	$96.67
Idaho	0.69%	$230.00
Illinois	2.23%	$743.33
Indiana	0.85%	$283.33
Iowa	1.57%	$523.33
Kansas	1.41%	$470.00
Kentucky	0.86%	$286.67
Louisiana	0.55%	$183.33
Maine	1.09%	$363.33
Maryland	1.09%	$363.33
Massachusetts	1.14%	$380.00
Michigan	1.54%	$513.33
Minnesota	1.12%	$373.33
Mississippi	0.81%	$270.00
Missouri	1.01%	$336.67
Montana	0.84%	$280.00
Nebraska	1.73%	$576.67
Nevada	0.55%	$183.33
New Hampshire ★	1.93%	$643.33
New Jersey	2.23%	$743.33
New Mexico	0.80%	$266.67
New York	1.72%	$573.33
North Carolina	0.80%	$266.67
North Dakota	0.98%	$326.67
Ohio	1.53%	$510.00
Oklahoma	0.88%	$293.33
Oregon	0.87%	$290.00
Pennsylvania	1.49%	$496.67
Rhode Island	1.53%	$510.00
South Carolina	0.57%	$190.00
South Dakota	1.22%	$406.67
Tennessee	0.67%	$223.33
Texas	1.60%	$533.33
Utah	0.52%	$173.33
Vermont	1.83%	$610.00
Virginia	0.87%	$290.00
Washington	0.98%	$326.67
Washington DC	0.55%	$183.33
West Virginia	0.59%	$196.67
Wisconsin	1.76%	$586.67
Wyoming	0.61%	$203.33

New Hampshire compensates for no income or sales tax with some of the highest property tax rates in the nation at 1.93%. Property taxes are set at the municipality level and vary significantly by town. New Hampshire has no statewide homestead exemption, though some municipalities offer local exemptions for veterans and seniors. The Boston-area bedroom communities in southern NH have high home prices.

Median home price: $430,000. Average property tax: 1.93%. Cost of living index: 114 (US avg = 100).

What is the average property tax rate in New Hampshire?

The average effective property tax rate in New Hampshire is 1.93%. This means on a $430,000 home, you would pay approximately $8,299/year ($691.58/month) in property taxes. Note that actual property taxes are based on the county-assessed value, which may differ from the purchase price, and individual rates vary by county.

How much do I need to earn to afford a home in New Hampshire?

At the New Hampshire median home price of $430,000 with 20% down and a 7% rate, total monthly housing costs (PITI) are approximately $3,130.22. Using the 28% housing-to-income rule, you would need a gross monthly income of about $11,179.37, or $134,152/year. With less down payment or higher home price, the required income increases.

Is New Hampshire a community property state?

New Hampshire is a common law (equitable distribution) state. Spouses can own property separately, and lenders typically evaluate only the borrower(s) named on the mortgage application.

Should I get a 15-year or 30-year mortgage?

A 30-year mortgage has lower monthly payments but you pay significantly more interest over time. For example, on a $344,000 loan at 7%, monthly P&I is $2,288.64 (30yr) vs. $3,091.97 (15yr). Choose 30-year if cash flow is tight; choose 15-year if you can comfortably afford the higher payment.

What other costs should I budget for when buying in New Hampshire?

Beyond the mortgage payment, budget for: (1) Closing costs — typically 2–5% of the loan amount at purchase; (2) Home inspection — $300–$600; (3) Property taxes — $8,299/year at New Hampshire average rates on a $430,000 home; (4) Homeowners insurance — $1,200–$2,400/year; (5) HOA fees if applicable; (6) Maintenance reserve — budget 1–2% of home value annually.

New Hampshire Mortgage Calculator (2026)

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