CALCMONEY // MORTGAGE // VT // SOUTH BURLINGTON
Calculate your monthly mortgage payment using South Burlington-specific property tax rates and local market data.
$490,000
6.95%
1.8%
120
| Principal & Interest | $2,595 |
| Property Tax | $735 |
| Homeowners Insurance (est.) | $163 |
| Total Monthly Payment (PITI) | $3,493 |
$98,000
$542,141
$149,707/yr
Home prices in South Burlington run 17% above the national median: $490,000 versus $420,000. Relative to the $82,000 median household income here, the price-to-income ratio comes out to 6.0x.
South Burlington's 1.8% property tax rate runs above the 1.1% national average. That's $735/month on the median home here, not a rounding error against the mortgage payment.
Unlike the nine no-income-tax states, Vermont taxes wage income. Worth running your actual take-home pay against the $3,493/month payment here before locking in a target price.
Day-to-day expenses in South Burlington track at 120 against the national 100 baseline, above average once you look past the mortgage payment itself.
South Burlington's median home price runs 11% lower than nearby Burlington: $550,000 there versus $490,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $392,000 loan saves $17,640 in interest over 30 years.
Compare Top South Burlington Mortgage LendersBurlington
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VTRutland
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VTBarre
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VTMontpelier
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