How much house can I afford in Vermont?

All-in cost first, always. Estimate only — not a loan quote or pre-approval.

Not your state? Find your calculator here.

Vermont at a glance

Median home price
$423,700
Typical closing costs
3%–5% of price
Transfer tax
1.01% of sale price, customarily paid by buyer
Closing custom
attorney
Homestead exemption
Vermont has no ad-valorem homestead exemption in the FL/TX sense. Instead, all Vermont property is taxed for the statewide education property tax as either 'homestead' or 'nonhomestead,' at different rates — a homestead (a Vermont resident's owned and occupied principal dwelling and surrounding parcel) generally gets the lower homestead education tax rate versus the nonhomestead rate applied to second homes, rentals, and commercial property. This is not automatic: Vermont law requires the owner to file a Homestead Declaration (Form HS-122) annually by the April filing deadline to be correctly assessed at the homestead rate. Separately, the Vermont Property Tax Credit (filed on the same HS-122 form) provides income-based relief on both the state education and municipal portions of property tax for homeowners who file a Homestead Declaration, are domiciled in VT year-round, and meet a household income limit ($115,400 for tax year 2025) — maximum credit $5,600 (education portion) + $2,400 (municipal portion).

First-time buyer / down payment assistance programs

  • VHFA MOVE Mortgage

    Vermont Housing Finance Agency's primary fixed-rate first mortgage, typically VHFA's lowest interest rate, available through VHFA Participating Lenders statewide; first-time-homebuyer status required in certain counties. Can be paired with ASSIST down payment assistance or the First Generation Homebuyer Grant. Subject to county-grouped income and purchase price limits.

  • VHFA ASSIST Down Payment Assistance

    Second mortgage of up to $10,000 for down payment and/or closing costs, structured as a 0%-interest deferred loan with no monthly payments, repaid at sale, refinance, or payoff of the first mortgage. Must be paired with a VHFA first mortgage (e.g. MOVE or Advantage).

Continue calculating

Mortgage payment calculator

Estimated all-in monthly payment for a home price you have in mind.

First-time buyer programs

Check which down payment assistance programs you likely qualify for.

Take-home pay calculator

What actually reaches your account after federal tax, FICA, and your state's own brackets — with local income tax disclosed rather than guessed at.

Related reading

Closing Costs in Vermont: What You'll Actually Pay

9 min read

Vermont's property transfer tax is tiered and the buyer is the one legally liable for it — about $4,288 on the state's $423,700 median-priced home.

What Is PMI, and How Do You Get Rid of It?

15 min read

Private mortgage insurance explained in plain English — what it costs, why it exists, the exact federal rules for cancelling it, and how to work out the month your PMI is scheduled to end.

Guides & templates

Buying a Home With Someone Else

$4.99

The operational guide to buying property with a partner, friend, sibling, or parent — credit and DTI mechanics, title vesting, a clause-by-clause co-ownership agreement, and how the exit actually works.

The First-Time Buyer's Playbook: 12 Months to Closing Day

$4.99

A month-by-month plan for the year before you buy: what to do in each phase, what never to touch, how to document every dollar, and how to survive closing day.