Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Vermont homebuyers.
Pre-filled with Vermont medians. Adjust for your property.
Estimated closing costs based on Vermont tax rates and fees.
The median home price in Vermont is $380,000, with property taxes averaging 1.9% annually. Vermont's property tax rate is well above the national average of ~1.1%, adding significant cost to monthly payments — budget carefully.
Closing costs in Vermont average $6K (1.6%% of purchase price). The state charges a 1.45% transfer tax on real estate transactions, which significantly increases closing costs. Homeowners insurance runs approximately $1,100 per year. This is within the normal range nationally.
Vermont offers the VHFA MOVE Mortgage for first-time buyers: $5K–$15K DPA. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Vermont presents moderate affordability. The $380K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.