Monthly Payment on a $100K Mortgage in Vermont
Using Vermont's 1.9% property tax rate and $1,100/yr homeowners insurance.
$100K Mortgage in Vermont: Rate Comparison
Monthly PITI payment using Vermont's 1.9% property tax and $1,100/yr insurance.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $845 | $814 | $704 |
| 6.0% | $875 | $842 | $730 |
| 6.5% | $906 | $871 | $756 |
| 7.0% | $937 | $901 | $782 |
| 7.5% | $970 | $932 | $809 |
| 8.0% | $1,002 | $963 | $837 |
How This Compares to Vermont's Median
A $100K home is 74% below Vermont's median of $380K. This is well within reach in many Vermont communities.
Income Needed for a $100K Home in Vermont
To afford this payment of $871/mo in Vermont, you'd need a household income of approximately $37K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $40K salary can afford →Closing Costs in Vermont
Estimated closing costs in Vermont: $2K (1.6% of purchase price). Vermont also charges a 1.45% transfer tax, which may add $1,450 to your transaction costs.
What to Know About a $100K Mortgage in Vermont
Note that Vermont's 1.9% property tax rate adds $158/mo to your payment — significantly more than the national average of roughly 1.1%. On a $100K home, that's $1,900/year in property taxes alone. This is a major factor in your total payment and something to budget for carefully.
With 10% down ($10,000), your loan of $90,000 at 6.5% over 30 years produces a principal and interest payment of $569/mo. Adding Vermont's 1.9% property tax ($158/mo) and $1,100/yr insurance ($92/mo) brings your total to $871/mo. Because you're putting less than 20% down, PMI adds $53/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $114,790 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $10,768 over the life of the loan.