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Mortgage Calculator &
Closing Costs: Manchester, NH

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Manchester, New Hampshire.

Median Home Price
$395K
Population
116K
Avg Monthly Rent
$1,620
Property Tax Rate
2.09%
Manchester vs New Hampshire Median
The median home price in Manchester is $395,000, which is 8% below the New Hampshire state median of $430,000.

Mortgage Calculator — Manchester, NH

Pre-filled with Manchester median home price and New Hampshire tax/insurance rates. Adjust for your property.

$
$79,000
%
%
years
NH avg
%
$
Monthly Payment (PITI)
$2,802
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,997
per month
Taxes & Insurance
$805
per month
Total Interest Paid
$403K
over 30 years
Total Loan Cost
$719K
all payments
Payment Breakdown
Loan Amount$316,000
Principal & Interest$1,997
Property Taxes$688
Homeowners Insurance$117
Total Monthly PITI$2,802

Closing Costs — Manchester, NH

Estimated closing costs based on New Hampshire rates and fees applied to Manchester prices.

$
%
New Hampshire: Avg closing costs 1.6% of price. Transfer tax: 1.5%.
Estimated Closing Costs
$19,330
4.9% of purchase price
Lender Fees
$3,269
origination, underwriting
Third-Party
$3,425
appraisal, title, inspection
Government Fees
$5,925
transfer taxes, recording
Prepaids + Escrow
$6,711
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,844
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,275
Recording Fee$150
Transfer Tax$5,925
Prepaid Taxes (3 mo)$2,064
Prepaid Insurance (12 mo)$1,400
Prepaid Interest (15 days)$950
Escrow Reserves$2,297
Total Closing Costs$19,330

Buying a Home in Manchester, New Hampshire

The median home price in Manchester is $395,000, 8% below the New Hampshire state median of $430,000. With a population of 115,644, Manchester is a mid-size city where home prices tend to be more accessible than in many parts of New Hampshire.

Property taxes in New Hampshire average 2.09% annually. This higher-than-average tax rate means a $395,000 home in Manchester would carry roughly $688/month in property taxes alone — plan accordingly. Homeowners insurance in New Hampshire runs approximately $1,400 per year. This is within the normal range nationally.

Average rent in Manchester is $1,620/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Manchester presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Manchester.
Rent vs Buy Calculator →
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