Mortgage on a $400K house in New Hampshire
$2,831 a month with 20% down — $2,153 principal and interest plus $478 property tax and $200 insurance.
New Hampshire's typical property tax is 1.43% of the home's value a year (U.S. average 0.9%), which adds $478 a month on a $400K home. The typical home in New Hampshire is worth $510,937, so $400K is 22% below the typical price.
$400K home in New Hampshire: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $678 | $2,831 | $121,300 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $678 | $3,250 | $139,300 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $678 | $3,392 | $145,400 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $678 | $3,497 | $149,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.43% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in New Hampshire does $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Cheshire County | $389,037 | 2.16% | $3,072 |
| Sullivan County | $384,641 | 2.14% | $3,067 |
| Grafton County | $429,567 | 1.72% | $2,926 |
3 of 10 New Hampshire counties tracked by Zillow have a typical home value at or below $400K. See all New Hampshire home prices.
Other prices in New Hampshire
Frequently asked questions
What is the mortgage on a $400K house in New Hampshire?
About $2,831 a month with 20% down at 7.11%: $2,153 principal and interest, $478 property tax and $200 insurance.
How much do I need to make to buy a $400K house in New Hampshire?
About $121,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in New Hampshire?
At New Hampshire's typical effective rate of 1.43%, about $5,734 a year. Rates vary by county and city — see the county pages.