New Hampshire PMI Calculator 2026 — Private Mortgage Insurance Cost
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
PMI in New Hampshire on a $460,000 home with 10% down typically runs $293–$380/month (0.85%–1.10% annually on the loan balance). PMI is required when your down payment is less than 20% and automatically cancels when you reach 20% equity (usually after 10–12 years of payments).
New Hampshire Housing & Mortgage Data
| Median Home Price | $460,000 |
| 30-Year Fixed Rate | 6.92%(State average, Apr 2026) |
| Property Tax Rate | 1.93%(Effective rate) |
| Avg HO Insurance | $1,200/yr ($100/mo) |
| Typical Down Payment | 10% ($46,000) |
| Median Household Income | $82,000/yr |
Key Facts for New Hampshire
- ✓New Hampshire median home price is $460,000 as of 2026
- ✓30-year fixed mortgage rates in New Hampshire average 6.92%
- ✓Property taxes in New Hampshire are 1.93% — above the national average of 1.10%
- ✓Homeowners insurance averages $1,200/year in New Hampshire
- ✓A household earning $115,000/year can typically afford the median New Hampshire home
More New Hampshire Calculators
Frequently Asked Questions — PMI Calculator in New Hampshire
- How do I remove PMI on my New Hampshire mortgage?
- PMI on a conventional loan cancels automatically when your loan balance reaches 78% of the original purchase price (per the Homeowners Protection Act). You can request early cancellation at 80% LTV if your home hasn't declined in value. Alternatively, refinancing into a new loan once you have 20% equity eliminates PMI — calculate whether the refinance savings outweigh the closing costs.
- How much PMI do I pay in New Hampshire?
- PMI in New Hampshire typically costs 0.85%–1.10% of the loan amount annually. On a $414,000 loan (New Hampshire median home with 10% down), that is $293–$380/month. FHA loans charge MIP (mortgage insurance premium), which behaves differently and may be permanent.
- What is the average mortgage payment in New Hampshire?
- The average monthly mortgage payment (principal + interest) in New Hampshire is approximately $2,732 for a $414,000 loan at 6.92% over 30 years. Adding property tax ($740/mo) and homeowners insurance ($100/mo) brings total PITI to about $3,572/month.
- What credit score do I need for a mortgage in New Hampshire?
- Most New Hampshire lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in New Hampshire, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $62,100 over the life of a 30-year loan.
- How much down payment is required to buy a home in New Hampshire?
- You can buy a home in New Hampshire with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the New Hampshire median home price of $460,000, a 20% down payment is $92,000 and lets you avoid PMI. New Hampshire also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in New Hampshire?
- Current 30-year fixed mortgage rates in New Hampshire average 6.92% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best New Hampshire mortgage rate.
- What is the property tax rate in New Hampshire?
- New Hampshire's effective property tax rate is 1.93%. On the New Hampshire median home value of $460,000, annual property taxes are approximately $8,878 ($740/month). Property taxes in New Hampshire are typically escrowed in your monthly mortgage payment.