Closing Costs in New Hampshire
The average closing cost in New Hampshire is $17,309, which is 3.28% of the home price. New Hampshire's transfer tax rate is $0.75 per $100.
Avg Closing Costs
$17,309
As % of Price
3.28%
Transfer Tax
0.75%
Attorney Required
Yes
Closing Cost Breakdown for a $528,377 Home
| Item | Estimated Cost |
|---|---|
| Loan Origination Fee (1%) | $4,227 |
| Appraisal Fee | $500 |
| Credit Report | $50 |
| Title Search & Insurance | $2,642 |
| Transfer Tax | $3,963 |
| Recording Fees | $150 |
| Home Inspection | $400 |
| Survey | $350 |
| Attorney Fee (required) | $1,200 |
| Prepaid Property Tax (2 months) | $1,242 |
| Prepaid Homeowners Insurance (1 year) | $1,585 |
| Prepaid Interest (15 days) | $1,129 |
| Estimated Total | $17,438 |
* Estimates based on average New Hampshire home price of $528,377 with 20% down payment. Actual costs may vary. Transfer tax, attorney fees, and prepaid items are state-specific.
How to Reduce Closing Costs in New Hampshire
Negotiate Seller Concessions
Ask the seller to cover part of your closing costs. In New Hampshire, sellers can typically contribute up to 3-6% of the sale price toward buyer closing costs.
Shop Multiple Lenders
Origination fees and lender charges vary significantly. Get Loan Estimates from at least 3 lenders and compare the “Loan Costs” section.
Use First-Time Buyer Programs
New Hampshire offers programs like NHHFA Home Flex Plus that can help with closing costs.
Close at End of Month
Closing near the end of the month reduces the prepaid interest charges, which can save you hundreds of dollars.
Legal Context for New Hampshire Closings
Conveyance Document
Warranty and quitclaim deeds
Security Instrument
Mortgage
Foreclosure Process
Non-Judicial
Attorney Required
Yes
New Hampshire uses warranty and quitclaim deeds for property transfers and mortgage as the security instrument. An attorney is required at closing, which adds to your closing costs.
