Closing costs in Vermont
On a $500,000 home with 20% down, buyers in Vermont typically pay about $14,106 to $26,535 at closing, including prepaid taxes and insurance.
Typical buyer total2.8%–5.3%Of the price, 20% down
Closings handled byAn attorneyBuyers usually hire their own
Buyer-paid taxes1See below
Buyer-paid taxes
| Tax | On $500,000 with 20% down | Note |
|---|---|---|
| Property transfer tax (primary home) | $5,410 | For a home you’ll live in: 0.5% on the first $200,000 and 1.47% above that (including the clean water surcharge). The first $250,000 is exempt with VHFA or USDA financing. Second homes pay much more. |
Estimated closing costs by price
| Price | Loan | Closing costs | Share of price |
|---|---|---|---|
| $300,000 | Conventional, 20% down | $9,428 – $18,825 | 3.1%–6.3% |
| $300,000 | FHA, 3.5% down | $9,702 – $19,588 | 3.2%–6.5% |
| $500,000 | Conventional, 20% down | $14,106 – $26,535 | 2.8%–5.3% |
| $500,000 | FHA, 3.5% down | $14,563 – $27,807 | 2.9%–5.6% |
| $750,000 | Conventional, 20% down | $19,954 – $36,173 | 2.7%–4.8% |
| $750,000 | FHA, 3.5% down | $20,640 – $38,080 | 2.8%–5.1% |
Who pays what in Vermont
Vermont’s property transfer tax is paid by the buyer.
Questions
How much are closing costs for buyers in Vermont?
Often about 2.8% to 5.3% of the price with 20% down, including prepaid taxes and insurance.
Do buyers pay transfer tax in Vermont?
Buyers typically pay: Property transfer tax.
More for Vermont
Sources: Vermont Department of Taxes (property transfer tax, 32 V.S.A. §9602). Fees are typical ranges, not quotes; your Loan Estimate lists the actual costs.