Finance · Vermont

Vermont Mortgage Calculator (2026)

Calculate your monthly payment with Vermont-specific property tax (1.90%) and average insurance ($1,050/yr).

Vermont defaults: property tax ≈ 1.90% of home value · homeowners insurance ≈ $1,050/year · median home value ≈ $402,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$3,281.81
PITI + PMI/MIP

Payment breakdown

Principal & interest
$2,407.06
Property tax
$636.50
Insurance
$87.50
PMI
Drops month 115
$150.75
Total monthly
$3,281.81

Loan summary

Loan amount
90.0% LTV
$361,800
Total interest paid
$504,743

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$296.56$2,110.50$150.75$361,503
2$298.29$2,108.77$150.75$361,205
3$300.03$2,107.03$150.75$360,905
4$301.78$2,105.28$150.75$360,603
5$303.55$2,103.52$150.75$360,300
6$305.32$2,101.75$150.75$359,994
7$307.10$2,099.97$150.75$359,687
8$308.89$2,098.18$150.75$359,378
9$310.69$2,096.37$150.75$359,068
10$312.50$2,094.56$150.75$358,755
11$314.33$2,092.74$150.75$358,441
12$316.16$2,090.91$150.75$358,125
24$339.01$2,068.05$150.75$354,184
36$363.52$2,043.54$150.75$349,958
48$389.80$2,017.26$150.75$345,427
60$417.98$1,989.09$150.75$340,568
72$448.19$1,958.87$150.75$335,358
84$480.59$1,926.47$150.75$329,771
96$515.34$1,891.73$150.75$323,781
108$552.59$1,854.47$150.75$317,357
120$592.54$1,814.53$310,469
132$635.37$1,771.69$303,083
144$681.30$1,725.76$295,163
156$730.55$1,676.51$286,671
168$783.37$1,623.70$277,565
180$840.00$1,567.07$267,800
192$900.72$1,506.34$257,330
204$965.83$1,441.23$246,102
216$1,035.65$1,371.41$234,063
228$1,110.52$1,296.54$221,154
240$1,190.80$1,216.26$207,312
252$1,276.88$1,130.18$192,469
264$1,369.19$1,037.88$176,552
276$1,468.17$938.90$159,486
288$1,574.30$832.76$141,185
300$1,688.11$718.96$121,562
312$1,810.14$596.92$100,520
324$1,941.00$466.07$77,956
336$2,081.31$325.75$53,762
348$2,231.77$175.29$27,819
360$2,393.10$13.96$0

What the payment actually costs

Expect roughly $7,600 a year in property tax on a $400,000 home here. Vermont's effective rate of 1.90% ranks 5th of 51, compared with about 1.10% nationally — $633 a month that never appears in a quoted mortgage payment.

Homeowners insurance runs about $1,050 a year in Vermont, 50th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $721 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

Vermont taxes both income and property, so neither side offsets the other. Property tax at 1.90% ranks 5th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.

Housing costs compound with the rate. Vermont runs about 1% below national-average costs, so the same 1.90% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in Vermont?
Vermont's effective property tax rate is approximately 1.90% of home value per year. On a $402,000 home, that's about $7,638 per year (or $637/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in Vermont?
The average annual homeowners insurance premium in Vermont is around $1,050 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a Vermont mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in Vermont?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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