CALCMONEY // MORTGAGE REFINANCE // NH
New Hampshire average rate: 6.76%. On the median loan of $416,942, a 1% rate drop saves $271/month and breaks even in 39 months.
Calculate Your Refinance6.76%
$521,177
$2,707
$10,424
| New Rate | New Monthly | Monthly Savings | Break-Even | 30yr Savings |
|---|---|---|---|---|
| 6.26% (save 0.5%) | $2,570 | $137/mo | 6yr 5mo | $38,951 |
| 5.76% (save 1.0%) | $2,436 | $271/mo | 3yr 3mo | $87,223 |
| 5.26% (save 1.5%) | $2,305 | $402/mo | 2yr 2mo | $134,331 |
The median home price in New Hampshire is $521,177. At 80% LTV, the typical loan is $416,942 at the current 6.76% average rate, producing a monthly P+I payment of $2,707. Total interest over 30 years at this rate: $557,596.
Property taxes in New Hampshire average 1.5% of assessed value, or $7,818 per year on the median home. This adds $651/month to your all-in housing cost. When evaluating a refinance, factor in property tax and insurance for a complete picture.
New Hampshire has no state income tax, so there is no state-level mortgage interest deduction. The federal deduction still applies on loans up to $750,000 for itemizers.
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