Vermont Mortgage Calculator
Estimate your monthly mortgage payment in Vermont with state-specific property tax, insurance, and homestead data pre-loaded. Median home value in Vermont is $400,000 with an effective property tax rate of 1.83%.
Mortgage Calculator
Estimate your monthly payment including taxes, insurance, and PMI.
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| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Year 1 | $24,271.44 | $3,576.76 | $20,694.68 | $316,423.24 |
| 1 | $2,022.62 | $289.29 | $1,733.33 | $319,710.71 |
| 2 | $2,022.62 | $290.85 | $1,731.77 | $319,419.86 |
| 3 | $2,022.62 | $292.43 | $1,730.19 | $319,127.43 |
| 4 | $2,022.62 | $294.01 | $1,728.61 | $318,833.42 |
| 5 | $2,022.62 | $295.61 | $1,727.01 | $318,537.81 |
| 6 | $2,022.62 | $297.21 | $1,725.41 | $318,240.60 |
| 7 | $2,022.62 | $298.82 | $1,723.80 | $317,941.78 |
| 8 | $2,022.62 | $300.44 | $1,722.18 | $317,641.34 |
| 9 | $2,022.62 | $302.06 | $1,720.56 | $317,339.28 |
| 10 | $2,022.62 | $303.70 | $1,718.92 | $317,035.58 |
| 11 | $2,022.62 | $305.34 | $1,717.28 | $316,730.24 |
| 12 | $2,022.62 | $307.00 | $1,715.62 | $316,423.24 |
Year 2 | $24,271.44 | $3,816.28 | $20,455.16 | $312,606.96 |
Year 3 | $24,271.44 | $4,071.88 | $20,199.56 | $308,535.08 |
Year 4 | $24,271.44 | $4,344.57 | $19,926.87 | $304,190.51 |
Year 5 | $24,271.44 | $4,635.54 | $19,635.90 | $299,554.97 |
What is a Mortgage Calculator?
A mortgage calculator helps you estimate your total monthly housing payment, including principal, interest, property taxes, home insurance, and private mortgage insurance (PMI). This gives you a complete picture of what homeownership will cost each month.
Unlike a simple loan calculator, a mortgage calculator accounts for additional costs that come with buying a home. Property taxes and insurance are typically required by lenders to be included in your monthly payment through an escrow account.
All calculations happen in your browser. No financial data is sent to any server, so your information stays completely private.
Vermont Housing Snapshot
| Median Home Value | $400,000 |
| Effective Property Tax Rate | 1.83% |
| Estimated Annual Property Tax | $7,320 |
| State Income Tax | Up to 8.75% |
| Homestead Exemption | Homestead Declaration required for primary residence tax rate; property tax adjustment based on income |
| Avg Homeowners Insurance | $935/yr |
| Transfer & Recording Taxes | Property transfer tax 1.25% on first $100,000 of primary residence, 1.45% above |
What Makes Buying in Vermont Different
Vermont has one of the highest effective property tax rates in the US at 1.83%, driven by the unique Vermont property tax system that combines local town rates with a state-set education property tax. Homeowners must file an annual Homestead Declaration to qualify for the primary residence tax rate (rather than the higher non-homestead rate). Property tax adjustment is available based on income, reducing the school portion for many residents. State income tax tops at 8.75%, high by US standards. Vermont's housing market is concentrated in Chittenden County (Burlington-South Burlington-Essex), with median values around $545,000. Stowe operates as a luxury second-home market with medians approaching $925,000. The state property transfer tax is 1.25% on the first $100,000 of primary residence value and 1.45% above, paid by the buyer. Insurance is very affordable at $935 per year, low for the Northeast given limited tornado/hurricane exposure. Severe winter weather (ice dams, snow load damage) is the main loss driver.
Top Cities in Vermont
| City | Median Home Value |
|---|---|
| Burlington | $545,000 |
| South Burlington | $525,000 |
| Essex | $465,000 |
| Rutland | $235,000 |
| Stowe | $925,000 |
Vermont requires homeowners to file an annual Homestead Declaration (form HS-122) with the state Department of Taxes to qualify for the homestead property tax rate. Without this filing, the property is taxed at the higher non-homestead rate (used for second homes and rentals). The filing also enables eligible homeowners to receive a property tax adjustment based on household income.
Vermont charges a graduated property transfer tax. On a primary residence, the rate is 0.5% on the first $100,000 of sale price and 1.45% on amounts above $100,000. Non-primary residences pay 1.45% on the full sale price. The buyer pays this tax at closing through the Town Clerk. On a $400,000 primary residence purchase, the tax is approximately $4,850.
Vermont's 1.83% effective property tax produces median annual bills around $7,300 on a $400,000 home. The state offsets some of this burden through the income-based property tax adjustment, which can substantially reduce the school portion of the bill for households earning under about $90,000. For higher earners, no such relief applies, and Vermont remains one of the most expensive property-tax states in the country.
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Mortgage Calculator
Estimate monthly mortgage payments including taxes, insurance, and PMI.