New Hampshire First-Time Homebuyer Calculator
First-time homebuyer costs in New Hampshire: $18,305 FHA down payment, $15,690 closing costs, 1.5% property tax. See total upfront costs & monthly payments.
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Pre-filled: Industry Average
Pre-filled: Tax Foundation
Down Payment Amount
Estimated • Based on your inputs
Total Upfront Cash Needed
$67,990.00
Total Monthly Payment
$4,175.00
Detailed Breakdown
Disclaimer: This calculator provides estimates for informational purposes only. Results should not be considered financial, tax, or legal advice. Consult a qualified professional for your specific situation.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for New Hampshire. Includes down payment, closing costs (3%), PMI (required below 20% down), property tax (1.5%), and homeowners insurance ($1,300/yr). Note: a closing attorney is customary in New Hampshire, though this reflects local practice rather than a verified statutory requirement. DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
New Hampshire homebuyer facts: Median price $523,000 | 20% down = $104,600 | FHA 3.5% down = $18,305 | Closing costs ~$15,690 | Property tax 1.5% | A closing attorney is customary.
Example Calculation
Let's analyze a first-time homebuyer scenario in New Hampshire.
Using FHA financing (3.5% down) on New Hampshire's median home price of $523,000: down payment $18,305, upfront MIP (1.75%, rolled into the loan) $8,832, monthly P&I $3,273, plus property tax (~$654/month at 1.5%) and closing costs of roughly $15,690 (3% of price).
Result: Total cash needed at closing: approximately $33,995. Total monthly housing cost (P&I + tax + insurance + MIP): roughly $4,367. Against New Hampshire's median household income of $99,782, that's about 53% of gross income — compare this to the 28% front-end DTI guideline most lenders use.
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StateCalc Team
Editorial Team
The StateCalc team builds free financial calculators using data from official government sources including the IRS, U.S. Census Bureau, BLS, and state revenue departments. All formulas are validated by an automated test suite and cross-referenced against published data.
Our editorial standardsFrequently Asked Questions
How much do I need to buy a house in New Hampshire?
For New Hampshire's median home ($523,000): FHA minimum down payment is $18,305 (3.5%), plus $15,690 in closing costs. Total minimum: ~$33,995. With 20% down to avoid PMI: ~$120,290.
What are closing costs in New Hampshire?
New Hampshire closing costs average 3% of the home price, or about $15,690 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and a customary attorney fee (attorney involvement reflects local practice, not a verified per-state legal requirement). Transfer taxes are 0.75%.
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