Mortgage Calculator – Vermont
Vermont is known for scenic living, smaller housing markets, and higher property taxes compared to many states.
This Vermont mortgage calculator helps you estimate realistic monthly payments by accounting for loan terms, interest rates, property taxes, and insurance.
Mortgage Calculator – Vermont
Why Mortgage Costs in Vermont Are Higher Than Expected
Vermont’s limited housing supply and strong demand for second homes push prices higher in many regions.
Property taxes are among the highest in the country, which significantly impacts monthly mortgage costs.
Insurance costs may increase in rural or mountainous areas, especially for winter weather risks.
Vermont Mortgage Examples
Example 1: A $390,000 home with 20% down at 6.9% over 30 years may result in a monthly payment around $2,050 including taxes and insurance.
Example 2: Ski resort and vacation areas often command higher prices than rural regions.
Example 3: Higher property taxes significantly impact long-term affordability.
15-Year vs 30-Year Mortgage in Vermont
| Factor | 15-Year Loan | 30-Year Loan |
|---|---|---|
| Monthly Payment | Higher | Lower |
| Total Interest | Much lower | Much higher |
| Best For | Faster payoff | Budget flexibility |
Frequently Asked Questions – Vermont Mortgage
Is Vermont expensive for homebuyers?
Yes. Home prices and property taxes are above national averages.
Does this Vermont mortgage calculator include property taxes?
Yes. You can include estimated property taxes and insurance.
Why are property taxes high in Vermont?
Education funding relies heavily on property taxes.
Do Vermont buyers need PMI?
PMI may apply if the down payment is below 20%.
Are mortgage rates higher in Vermont?
Rates generally follow national trends.
Does this calculator include HOA fees?
No. HOA fees vary and are not included.
Is refinancing common in Vermont?
Yes. Homeowners refinance to manage interest or reduce payments.
Do second homes affect affordability?
Yes. Vacation demand increases prices in popular regions.
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Disclaimer
This calculator provides estimates for educational purposes only and does not constitute financial, legal, or tax advice.