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Vermont mortgage calculator

The median home in Vermont runs about $390,000. With 20% down that's a loan near $312,000 — the calculator is pre-filled with that figure. Vermont funds education through a statewide property tax, giving it one of the highest effective rates in the country, though an income-based adjustment lowers the bill for many resident owners. Insurance is cheap.

$2,025.70 / month

Total interest
$417,252
Total paid
$729,252
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$78k$156k$234k$312k0612182430Year

How it works

A full Vermont payment is more than principal and interest. At the state's 1.83% effective property tax rate, a $390,000 home owes about $7,137 a year in tax, and homeowners insurance averages roughly $1,000 a year here. Together those add about $678 to the monthly payment before any HOA dues or PMI.

Vermont's median household income is about $79,000, or $6,583 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,843 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Vermont sell in about 35 days on average.

Frequently asked questions

What is a typical mortgage payment in Vermont?
On the state's roughly $390,000 median home with 20% down, the loan is about $312,000. Principal and interest depend on your rate; on top of that, Vermont's 1.83% effective property tax rate and about $1,000 a year in homeowners insurance add roughly $678 per month to the payment.
How much are property taxes on a home in Vermont?
Vermont's effective property tax rate averages about 1.83% of market value — roughly $7,137 a year on the $390,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Vermont?
The average Vermont homeowners policy runs about $1,000 a year. Vermont funds education through a statewide property tax, giving it one of the highest effective rates in the country, though an income-based adjustment lowers the bill for many resident owners. Insurance is cheap.
Can I afford a home in Vermont on the median income?
Vermont's median household income is about $79,000 a year, or $6,583 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,843 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Vermont?
A for-sale home in Vermont spends about 35 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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