{"id":96370,"date":"2024-08-26T15:40:56","date_gmt":"2024-08-26T22:40:56","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/how-much-are-closing-costs-in-new-hampshire\/"},"modified":"2024-08-29T14:54:26","modified_gmt":"2024-08-29T21:54:26","slug":"how-much-are-closing-costs-in-new-hampshire","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/how-much-are-closing-costs-in-new-hampshire\/","title":{"rendered":"How Much are Closing Costs in New Hampshire?"},"content":{"rendered":"

You’re just a step away from settling into your new home in New Hampshire, but before you kick back and enjoy those White Mountain views, you’ll need to pay closing costs. These final fees, covering everything from local taxes to loan fees, are the last piece of the puzzle before you can settle into your new place. Knowing what to expect will help you cross the finish line with ease and no surprise expenses.\u00a0To help you budget for closing costs, this Redfin article will cover how much closing costs are in New Hampshire, who pays for them, and which costs you can expect to pay as a buyer and as a seller.<\/p>\n

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How much are closing costs in New Hampshire?<\/h2>\n

Before securing the keys to your new home, homebuyers will need to pay for closing costs. As a general rule of thumb, you can expect closing costs in New Hampshire to add up between 2%-5% of the purchase price<\/strong>. But it’s important to remember that this is just a range and the total amount will depend on a number of factors, such as the buyer’s loan program or negotiations made with the seller.<\/p>\n

For example, if you’re buying a home in Manchester<\/a>, which has a median sale price of $415,000, closing costs could range anywhere from $8,300 to $20,750. Or, let’s say that you’re buying a home in Concord<\/a>, which has a median sale price of $425,000. Closing costs for a home here could cost you anywhere between $8,500 and $21,250.<\/p>\n

Who pays closing costs in New Hampshire?<\/h2>\n

In most areas, including New Hampshire, both the buyer and the seller will pay closing costs. But the buyer and seller will pay for different closing costs and likely have different total closing cost amounts. Another thing to keep in mind is that buyers typically pay for closing costs out of pocket, while the seller’s closing cost payments are often deducted from the home sale proceeds.<\/p>\n

Buyer closing costs in New Hampshire<\/h2>\n

For homebuyers in New Hampshire, you can expect closing costs to range 2%-5% of the home’s purchase price. In most cases, you’ll pay earnest money, typically 1% to 3% of the home price, upon reaching mutual acceptance in your home purchase. This deposit is subtracted from your closing costs, reducing the total amount due at closing. Below are some of the common closing costs paid for by the buyer:<\/p>\n