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Grand Isle County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Grand Isle County, Vermont based on real HMDA transaction records.

Loan Details

Grand Isle County, VT Benchmarks

FHA averages
Typical Property Value$338,684
Average Down Payment13.3%
Average Interest Rate6.481%
Effective Tax Rate1.33%
Median Tax Paid$5,195/yr
Tax Growth (Historical)+2.3%
Based on 19 regional loans totaling $5,555,000 (HMDA database).
$
%

$45,045 down · $293,639 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$375 / month

$

Annual premium

$

Per month

%

$124 / month

Estimated Monthly Payment

$2,534/mo

  • Principal & Interest$1,885
  • Property Tax$375
  • Home Insurance$150
  • FHA MIP$124
Amortization · Remaining Balance

Financed Loan Amount

$298,778

Total Interest

$379,660

Total of Payments

$678,438

*Includes financed FHA Upfront MIP of $5,139

Local Market Insights

Grand Isle County FHA Mortgage Overview

For Grand Isle County homebuyers using an FHA loan, the 13.26% down payment offers accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. With an 86.74% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupants. The 1.33% effective property tax rate, adjusted upward by 2.3% for inflation, directly impacts monthly affordability. When evaluating an FHA loan with PMI and taxes in Grand Isle County, VT, or considering FHA loan limits and tax impacts, remember that MIP is permanent, making this ideal for buyers with sub-620 credit scores seeking stable, owner-occupied financing.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.