On average, homeowners in New Hampshire should expect to pay $19 less in mortgage costs compared to the national average. With the average household in the state earning a monthly income of $7,990, individuals and families pay around 14% on housing, which is a good debt-to-income ratio.
Lenders typically evaluate several factors, such as your ability to pay and the state’s property tax, to gauge the risk of lending you money. This influences how much they will charge you when it comes to interest rates.
Use MoneyGeek’s New Hampshire mortgage calculator to estimate how much your mortgage payments will cost based on your personal circumstances and payment preferences. Our comprehensive guide will provide you with instructions on how to use the calculator and tips on how you could lower your payments.