Compare different loan terms using your home price of $350,000 with $70,000 down at 6.8%.
15-Year Fixed
$2,401/mo
Total interest: $152,141
Total cost: $432,141
Save $221,646 vs 30-year
20-Year Fixed
$2,088/mo
Total interest: $221,025
Total cost: $501,025
Save $152,762 vs 30-year
30-Year Fixed (Current)
$1,816/mo
Total interest: $373,787
Total cost: $653,787
Lowest monthly payment
Pro
Professional Simulator
Complete financial model: closing costs breakdown, rent vs buy, inflation-adjusted returns, true cost of ownership
years
%
%
%
%
10-Year Net Gain/Loss
-$173,685
After selling in year 10 at $493,710
Total Paid Over Hold Period
$398,929
Down + closing + all payments
Home Value at Sale
$493,710
3.5%/ yr appreciation
Selling Costs
$29,623
6% of sale price
Net Sale Proceeds
$225,244
After mortgage payoff + selling costs
Real Interest Rate
4.25%
Nominal 6.8% - inflation 2.5%
Real Monthly Payment
$1,254
Today's dollars (mid-loan)
State Property Tax
$5,600
TX rate: 1.6%
True Monthly Cost
$2,499
PITI + HOA + maintenance
Buying a Home in New Hampshire
New Hampshire occupies a unique position in New England — a state with no broad-based income tax, no sales tax, and some of the highest property taxes in the country. For buyers who earn significant incomes, the absence of income and sales taxes can more than compensate for the high property tax burden. With an average home price of $430,000, New Hampshire is expensive but offers real value compared to neighboring Massachusetts and the Boston metro — many residents commute into Greater Boston from southern New Hampshire towns like Nashua, Manchester, and Salem.
The Nashua and Manchester area has grown into a significant economic cluster in its own right, with tech companies, healthcare, and financial services providing employment that keeps workers from having to commute south. The seacoast region — Portsmouth, Dover, and surrounding towns — is arguably New Hampshire's most desirable area, combining historic charm, ocean access, and vibrant dining and arts scenes with prices that are high even by New Hampshire standards.
Northern New Hampshire, including the White Mountains and Lakes Region, operates at lower price points outside of prime ski and resort communities. Buyers seeking value might explore communities like Concord (the state capital), Keene, and Laconia. The key variable in any New Hampshire home purchase is understanding the specific town's property tax rate — town-by-town variation is significant and dramatically affects the total cost of homeownership.
Key Housing Facts for New Hampshire
Average home price: $430,000
Average effective property tax rate: 1.86%
Average homeowners insurance: $1,100/year
No state income tax, no state sales tax
Property tax rates vary significantly by town — research your specific municipality
Most sought-after markets: Portsmouth, Exeter, Bedford, Windham
Frequently Asked Questions
New Hampshire has one of the highest average effective property tax rates in the country at approximately 1.86%. On a $430,000 home, you'd pay roughly $7,998 per year in property taxes. New Hampshire relies heavily on property taxes to fund government services because the state has no broad-based income tax or sales tax, shifting the fiscal burden to property owners.
New Hampshire has no broad-based personal income tax and no state sales tax — two of the features that make it appealing despite high property taxes. The state does tax interest and dividends income at 3% (being phased out). For many residents, particularly those with earned income and modest savings, the absence of income and sales taxes makes up for the high property tax burden.
New Hampshire Housing Finance Authority (NHHFA) offers the Home Flex Plus program with below-market interest rates and the Home Flex Plus with Cash Assistance providing up to 2% of the loan amount for down payment. The Home Preferred program pairs with forgivable second mortgage assistance. Income and purchase price limits apply.
Closing costs in New Hampshire typically range from 2–3% of the loan amount. On a $430,000 home, expect approximately $8,600–$12,900 in closing costs. New Hampshire charges a real estate transfer tax of $0.75 per $100 of the sale price (split between buyer and seller). Attorneys are typically involved in closings to review title and prepare documents.