Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Vermont mortgage costs
What a typical Vermont (VT) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $390,000 |
|---|---|
| 10% down payment | $39,000 |
| Loan amount | $351,000 |
| Principal & interest (30yr @ 6.75%) | $2,277/mo |
| Property tax (1.78%) | $579/mo |
| Homeowners insurance | $100/mo |
| PMI (until 20% equity) | $146/mo |
| Estimated total monthly | $3,101/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Vermont different
Education property tax is income-sensitised for residents, so two neighbours can pay very different amounts on identical homes.
Insurance is comparatively mild: $1,200 a year is the 3rd lowest in the country, or $100 a month against $579 of property tax.
Property tax is the line that shapes a Vermont budget. The 1.78% effective rate is the 5th highest in the country, adding $579 a month on a median $390,000 home — $6,942 a year that never amortises away and rises with assessed value long after the loan is paid off.
Renting deserves a serious look here. $390,000 to buy against $1,500 a month to rent is a price-to-rent ratio of 21.7, the 8th highest in the country; at that level the deposit invested elsewhere is a real competitor rather than a consolation.
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