Mortgage Rates in Derry, New Hampshire — March 2026
Updated March 2026 | Based on Derry market data and regional lending conditions
Derry is a growing city in New Hampshire with a population of 33,527. The current 30-year fixed mortgage rate in Derry is 6.67%, which is 0.02% above the national average. With a median home price of $371,000 and a 20% down payment of $74,200, homebuyers can expect a monthly principal and interest payment of approximately $1,909.
Current Mortgage Rates in Derry, NH
Below are the current average mortgage rates available in the Derry area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Derry Housing Market Overview
The Derry housing market reflects moderate demand with prices near the national average. The median household income in Derry is $71,400, and the cost of living index is 109.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $109,243 to comfortably afford the median-priced home in Derry, which exceeds the current median household income.
Monthly Payment Breakdown for Derry
Based on the median home price of $371,000 with 20% down ($74,200), here is what you can expect to pay monthly in Derry:
15-Year vs. 30-Year Mortgage in Derry
Choosing a 15-year mortgage in Derry at 5.93% instead of a 30-year at 6.67% would save you $238,500 in total interest over the life of the loan. However, your monthly payment would be $2,493 instead of $1,909 — an increase of $584 per month.
Calculate Your Derry Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Derry
What are the current mortgage rates in Derry, NH?
As of March 2026, the average 30-year fixed mortgage rate in Derry, New Hampshire is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Derry?
Based on the median home price of $371,000 with 20% down, the estimated monthly mortgage payment in Derry is $1,909 for principal and interest. Including property taxes of $640/month, the total monthly housing cost is approximately $2,549.
What income do I need to buy a home in Derry?
Using the 28% rule, you would need an annual income of approximately $109,243 to afford the median-priced home in Derry at $371,000. The median household income in Derry is $71,400. This means most households would need to either earn above the median or consider homes below $371,000.
Is Derry a good place to buy a home in 2026?
Derry has a moderate cost of living with a cost of living index of 109.6 (national average = 100). The property tax rate in New Hampshire is 2.07%, which is above the national average. Derry has a population of 33,527 and offers a balanced lifestyle.
Mortgage Rates in Other New Hampshire Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Derry, New Hampshire area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.