Vermont First-Time Homebuyer Calculator
First-time homebuyer costs in Vermont: $12,250 FHA down payment, $11,200 closing costs, 1.9% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Vermont. Includes down payment, closing costs (3.2%), PMI (required below 20% down), property tax (1.9%), and homeowners insurance ($1,280/yr). Note: Vermont requires an attorney at closing. DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Vermont homebuyer facts: Median price $350,000 | 20% down = $70,000 | FHA 3.5% down = $12,250 | Closing costs ~$11,200 | Property tax 1.9% | Attorney required at closing.
Frequently Asked Questions
How much do I need to buy a house in Vermont?
For Vermont's median home ($350,000): FHA minimum down payment is $12,250 (3.5%), plus $11,200 in closing costs. Total minimum: ~$23,450. With 20% down to avoid PMI: ~$81,200.
What are closing costs in Vermont?
Vermont closing costs average 3.2% of the home price, or about $11,200 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and required attorney fees. Transfer taxes are 1.25%.
Related Calculators
More First-Time Homebuyer Calculators
More Calculators for Vermont
Explore related financial tools with Vermont data