Vermont Mortgage Calculator

Calculate your monthly mortgage payment in Vermont. Pre-filled with Vermont's average property tax rate of 1.83%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$534
Homeowner's Insurance
$100
Total Monthly Payment
$2,404

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,404/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Vermont Housing Overview

Vermont has an average property tax rate of 1.83%. Vermont's cost of living is about 5% above the national average.

Property Tax: 1.83%Progressive rates up to 8.75%Social Security partially taxedRemote worker incentive programs

Buying a Home in Vermont

If you're considering buying a home in Vermont, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Vermont's average property tax rate of 1.83% to give you a more accurate estimate.

Vermont Property Taxes

Vermont has an average effective property tax rate of 1.83%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 1.83% rate means approximately $6405 per year, or $534 per month in property taxes alone.

Cost of Living in Vermont

Vermont's cost of living is about 5% above the national average. When evaluating whether to buy a home in Vermont, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Vermont Homebuyers

  • Vermont's 8.75% top rate makes pre-tax deductions important for higher earners
  • Vermont taxes Social Security benefits following federal rules
  • Vermont's remote worker incentive program has attracted tech workers — check if you qualify
  • Vermont's low population and high quality of life attract remote workers willing to pay higher taxes

Key Vermont Features

  • Progressive rates up to 8.75%
  • Social Security partially taxed
  • Remote worker incentive programs
  • High quality of life

See How Your Vermont Mortgage Fits Your Financial Plan

This calculator shows your Vermont mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Vermont Mortgage Costs with Other States

New Hampshire1.86% property taxMassachusetts1.12% property taxNew York1.46% property taxTexas1.80% property taxFlorida0.89% property taxTennessee0.66% property tax

Frequently Asked Questions

What is the average property tax rate in Vermont?
The average effective property tax rate in Vermont is approximately 1.83%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Vermont's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Vermont?
Your mortgage payment in Vermont depends on the home price, your down payment, interest rate, and loan term. With Vermont's average property tax rate of 1.83%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Vermont an affordable state to buy a home?
Vermont's cost of living is about 5% above the national average. When evaluating affordability in Vermont, consider not just the home price but also property taxes (1.83% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Vermont property taxes compare to other states?
Vermont's average property tax rate of 1.83% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Vermont?
Most states, including Vermont, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Vermont's housing authority and the FHA, VA, and USDA loan programs for additional options.

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