Vermont variant. This is a Vermont-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $380,000 and an effective property tax rate of 1.78%, a typical Vermont mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Vermont mortgage payment
On the $380,000 median home with 20% down ($76,000), you'd finance about $304,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,921/month.
Vermont's 1.78% effective property tax adds about $564/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Vermont
Vermont uses a graduated income tax with a top marginal rate near 8.75%.
Vermont has a relatively high effective property tax rate around 1.78%, with median home values near $380,000.
Vermont's economy is rooted in agriculture and dairy, tourism and skiing, and small-scale specialty manufacturing.
Worked example: $380,000 home in Vermont
Price $380,000, 20% down ($76,000), loan $304,000 at 6.5% for 30 years → P&I ≈ $1,921/mo. Add property tax ≈ $564/mo (1.78% of value ÷ 12). Total before insurance ≈ $2,485/mo.
Quick reference
- State income tax: 3.35-8.75% across 4 brackets
- State sales tax: 6% (plus 0.36% avg local)
- Median home value: $380,000
- Median household income: $74,014
- Effective property tax rate: 1.78%
- Avg auto insurance: $1,063/yr
Frequently Asked Questions
How much is a mortgage on a $380,000 Vermont home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,921/month, before Vermont's 1.78% property tax and insurance.
What is the property tax rate in Vermont?
Vermont's effective property tax rate is about 1.78% of home value per year.