Down Payment Calculator for Vermont

Down Payment Planning in Vermont

With a median home value of $375,000 in Vermont, here's what different down payment tiers look like:

• 3% (First-time buyer programs): $11,300
• 3.5% (FHA minimum): $13,100
• 10% (Avoid PMI with some lenders): $37,500
• 20% (Eliminate PMI entirely): $75,000

Conforming Loan Limits in Vermont

The conforming loan limit in Vermont is $726,200. All Vermont counties are at the standard conforming limit. If your loan exceeds this, you'll need jumbo financing, which typically requires a 20%+ down payment.

Closing Costs to Plan For

Beyond your down payment, budget for closing costs of around $3,800 in Vermont. Vermont charges a property transfer tax of 1.25% of purchase price for properties over $100,000 (0.5% for the first $100,000). Principal residence rates are discounted. Overall closing costs are moderate for the Northeast.

Property Tax Impact

Vermont's effective property tax rate is 1.78% (average annual bill: $4,329). A larger down payment reduces your monthly mortgage but property taxes remain constant regardless of how much you put down.

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