Vermont Mortgage Calculator
Estimate your monthly mortgage payment in Vermont based on the state median home price of $380K, a 1.9% property tax rate, and $1K/year homeowners insurance.
Why This Matters in Vermont
In Vermont, property taxes average 1.9% of assessed value. On the state median home of $380K, that adds $602/month to your mortgage payment — well above the national average and a significant budget factor. Combined with $92/month for homeowners insurance, your non-mortgage housing costs in Vermont total $694/month before you even account for principal and interest.
Vermont's median home price of $380K is in the moderate range nationally. Most conventional loan programs with 5-10% down are well-suited for this price range.
What to Expect for a Mortgage Payment in Vermont
On the median Vermont home priced at $380K, a buyer putting 10% down at a 6.5% rate would face a principal-and-interest payment of roughly $2,162 per month. Add $602/mo in property taxes and $92/mo for homeowners insurance, and the total PITI comes to approximately $2,855 each month. That median price sits about 9% above the national median of roughly $350K, which directly shapes how much house most Vermont borrowers can realistically target.
At $380K, Vermont's median home price falls in a moderate range nationally. Buyers have the full spectrum of financing options available: conventional loans at 5–20% down, FHA loans at 3.5%, and VA loans at 0% for eligible veterans. Putting 20% down ($76K) eliminates PMI and drops the monthly payment to roughly $2,615, saving about $240 per month compared to the 10%-down scenario.
One important factor in Vermont: the 1.9% property tax rate adds $7,220 per year ($602/mo) to your housing cost. That is a significant share of the total payment and something many first-time buyers underestimate. When comparing Vermont to lower-tax states, remember that the sticker price only tells half the story — ongoing tax costs can add hundreds to the monthly obligation.
Homeowners insurance in Vermont averages around $1K per year, which adds $92 to the monthly PITI. This is manageable relative to many other states. To bring the total payment down further, consider the VHFA MOVE Mortgage program, which offers $5k–$15k dpa for qualifying buyers — reducing the down payment barrier and potentially lowering your loan amount.