Vermont mortgage calculator
Estimate your monthly payment for a home in Vermont, with property tax at the state average of 1.59% and home insurance included. Rates use the 7.4% national 30-year average from Freddie Mac (week of October 8, 2026).
Estimated monthly payment
- Loan amount
- $253,280
- Down payment
- $63,320
- Interest over 30 years
- $378,037
- Income needed (28% guideline)
- $97,657 a year
Estimate only. Mortgage insurance (PMI) is added when the down payment is under 20%. Real taxes, insurance and lender fees vary by property.
How this is calculated. Principal and interest use the standard fixed-rate loan formula. Property tax uses the Vermont average effective rate: the median real estate tax paid divided by the median home value. Home insurance is a general estimate that you can change.
Sources: Freddie Mac mortgage rate survey, week of October 8, 2026; U.S. Census Bureau American Community Survey, 2020–2024. Updated October 2026. Full methodology.
What a typical home costs per month in Vermont
A home valued at the Vermont median of $316,600 (the Census Bureau's figure for owner-occupied homes), bought with 20% down at 7.4% over 30 years, comes to about $2,279 a month. That is $1,754 in principal and interest, $419 in property tax and $106 in insurance.
Over a year that is 33.7% of the state's median household income of $81,203. Keeping housing costs near 28% of gross income would take a household income of about $97,657.
Property tax in Vermont
Vermont has the 5th highest effective property tax rate of the 50 states at 1.59%, above the typical state rate of 0.80%. The median Vermont homeowner pays $5,039 a year.
| Home price | Tax per year | Tax per month |
|---|---|---|
| $200,000 | $3,183 | $265 |
| $300,000 | $4,775 | $398 |
| $400,000 | $6,366 | $531 |
| $500,000 | $7,958 | $663 |
| $750,000 | $11,937 | $995 |
These figures apply the statewide average rate. Rates differ between counties and taxing districts, and some homes qualify for exemptions.
States with similar property tax rates
- Illinois2.01% (2nd highest)
- Connecticut1.81% (3rd highest)
- New Hampshire1.66% (4th highest)
- New York1.55% (6th highest)
- Texas1.49% (7th highest)
- Nebraska1.49% (8th highest)
Questions about Vermont mortgage payments
What is the property tax rate in Vermont?
The average effective property tax rate in Vermont is 1.59%. Census Bureau data shows homeowners paid a median of $5,039 a year on homes with a median value of $316,600. Your own rate depends on your county, city and school district.
How much is the monthly mortgage payment on a median-value home in Vermont?
About $2,279 a month including property tax and insurance, assuming 20% down at 7.4% on a 30-year loan. Principal and interest alone come to $1,754.
How much income do I need to buy a home in Vermont?
A common guideline keeps housing costs under 28% of gross income. For the median-value home above, that works out to about $97,657 a year. Lenders also look at debts, credit score and savings, so your own number may differ.
Does this calculator include property tax and insurance?
Yes. It adds property tax at 1.59% of the home price and home insurance at 0.4% of the home price as a starting estimate. Change either number to match a real quote. Mortgage insurance is added automatically when the down payment is under 20%.
Last updated October 2026. See the methodology for sources and limits.