New Hampshire First-Time Homebuyer Calculator
First-time homebuyer costs in New Hampshire: $15,050 FHA down payment, $12,900 closing costs, 2.18% property tax. See total upfront costs & monthly payments.
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 (2.18%), and homeowners insurance ($1,280/yr). Note: New Hampshire requires an attorney at closing. DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
New Hampshire homebuyer facts: Median price $430,000 | 20% down = $86,000 | FHA 3.5% down = $15,050 | Closing costs ~$12,900 | Property tax 2.18% | Attorney required at closing.
Frequently Asked Questions
How much do I need to buy a house in New Hampshire?
For New Hampshire's median home ($430,000): FHA minimum down payment is $15,050 (3.5%), plus $12,900 in closing costs. Total minimum: ~$27,950. With 20% down to avoid PMI: ~$98,900.
What are closing costs in New Hampshire?
New Hampshire closing costs average 3% of the home price, or about $12,900 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and required attorney fees. Transfer taxes are 0.75%.
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