Down Payment Calculator for New Hampshire

Down Payment Planning in New Hampshire

With a median home value of $450,000 in New Hampshire, here's what different down payment tiers look like:

• 3% (First-time buyer programs): $13,500
• 3.5% (FHA minimum): $15,800
• 10% (Avoid PMI with some lenders): $45,000
• 20% (Eliminate PMI entirely): $90,000

Conforming Loan Limits in New Hampshire

The conforming loan limit in New Hampshire is $726,200. Rockingham and Strafford counties may qualify for high-cost treatment in certain years. Most NH counties are at the standard conforming limit. If your loan exceeds this, you'll need jumbo financing, which typically requires a 20%+ down payment.

Closing Costs to Plan For

Beyond your down payment, budget for closing costs of around $4,100 in New Hampshire. New Hampshire charges a real estate transfer tax of $1.50/$1,000 of sale price, split equally between buyer and seller. While moderate, the state's high property values mean total closing costs can be substantial.

Property Tax Impact

New Hampshire's effective property tax rate is 1.93% (average annual bill: $6,097). A larger down payment reduces your monthly mortgage but property taxes remain constant regardless of how much you put down.

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