CALCMONEY // MORTGAGE REFINANCE // NH
New Hampshire average rate: 7.00%. On the median loan of $376,000, a 1% rate drop saves $247/month and breaks even in 39 months.
Calculate Your Refinance7.00%
$470,000
$2,502
$9,400
| New Rate | New Monthly | Monthly Savings | Break-Even | 30yr Savings |
|---|---|---|---|---|
| 6.50% (save 0.5%) | $2,377 | $125/mo | 6yr 4mo | $35,586 |
| 6.00% (save 1.0%) | $2,254 | $247/mo | 3yr 3mo | $79,602 |
| 5.50% (save 1.5%) | $2,135 | $367/mo | 2yr 2mo | $122,594 |
The median home price in New Hampshire is $470,000. At 80% LTV, the typical loan is $376,000 at the current 7.00% average rate, producing a monthly P+I payment of $2,502. Total interest over 30 years at this rate: $524,553.
Property taxes in New Hampshire average 2.18% of assessed value, or $10,246 per year on the median home. This adds $854/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.
Oregon
$490,000 median home
IDIdaho
$445,000 median home
MTMontana
$445,000 median home
NYNew York
$445,000 median home