Vermont closing cost calculator

The September 2026 reading for a typical Vermont home is $391,900, taken from the Zillow Home Value Index Rounding takes that figure to $392,000. So you put $78,400 down, and the loan covers $313,600. The buyer's costs come to $7,703, about 2% of the sale price. With the down payment added, you need $86,103 on closing day. This amount is called cash to close.

First-time buyers are often surprised by two items on the buyer's side. To arrange the loan, the lender charges an origination charge. Prepaid interest covers the period beginning on your closing date and ending when your first full payment month starts.

Our calculator has no table of Vermont title rates, so the owner's title policy amount comes from a national estimate. The amount on your quote may differ, so enter the figure your title company gives you.

The kind of property can make a big difference in home values. The usual market price range runs from $254,726 at the least expensive third of homes to $633,184 at the most expensive third. Across that price range, closing costs with 20% down run from $5,606 to $11,220. Enter your price and down payment, and the calculator will display estimated closing costs for your situation.

Our calculator assigns the transfer tax to the seller, but you and the seller can agree on who pays it. Before commission and loan payoff, a Vermont seller owes $3,940 on a $400,000 sale; the median state figure is $440.

Buyer totals are close to the national median. On a $400,000 home with 20% down, buyers in Vermont owe $7,820 in closing costs, $30 under the amount paid in the median state of the 50 states and DC. Vermont's recording charges include a town clerk fee statewide: the deed costs $15 and the mortgage costs $15, applied per page.

The calculator shows agent commission only when you add it. A Michigan State Bar journal article notes that Vermont is among the states where an attorney isn't legally required at closing. Nationally, Redfin puts the average buyer's agent commission at 2.42% of the price. If you type your rate into the calculator, that amount will be added to what you see.

Most Vermont sales are subject to property transfer tax; in this example, it's the seller's largest closing cost. For the home that becomes your main residence, the place where you live through most of the year, the state uses tiered rates. In Vermont, the first $200,000 faces a 0.5% rate, while everything above that amount faces 1.47%.

For a home priced at the typical $392,000, the tax comes to $3,822. A sale at $400,000 generates a $3,940 bill. That amount puts Vermont 6th highest of the 36 states levying this tax; DC is included in that count.

You must pay within 30 days of closing. Online payment through myVTax is one option; another is mailing a check along with Form PTT-173. Your deed cannot be recorded by the town clerk unless you send a Property Transfer Tax Return with it, completed in full; a separate flat $15 fee applies to that filing.

Yes, that rate is higher. A home that supports year-round living, but is not your principal residence or a long-term rental, is charged 3.62% of its full value. This rate covers the full price and already includes the Clean Water Surcharge; the first $200,000 has no lower rate. Buying the same house as a vacation property can cost much more in tax than buying it as a primary residence. Select a home type, and the calculator will apply that rate.

Some buyers and transfers have a smaller bill or no bill at all.

• A primary home may qualify for Exemption 99 if VHCB, VHFA or USDA Rural Development provides help. Under that exemption, the price's first $250,000 has no tax; the amount above it is taxed at 1.47%.
• Only when a spouse, child, parent, grandparent, or grandchild inherits a home through an estate does the tax not apply; adopted children and stepchildren qualify as well. No payment may go to anyone in return as state rules require.
• No tax at all applies when you sell to the United States, the State of Vermont, one of their agencies, or a Vermont town. The opposite does not hold: a purchase from any of them is taxable.

Closing does not end your expenses. According to US Census figures, the median property tax bill for an owner-occupied Vermont home is $5,039 each year. That bill is roughly 1.59% of the typical value of these homes. Add your price and down payment now to learn how much you may need for closing day.