diff --git a/packages/runtime-dom/__tests__/directives/vModel.spec.ts b/packages/runtime-dom/__tests__/directives/vModel.spec.ts
index 534e5dfe98e..755594d8795 100644
--- a/packages/runtime-dom/__tests__/directives/vModel.spec.ts
+++ b/packages/runtime-dom/__tests__/directives/vModel.spec.ts
@@ -5,7 +5,9 @@ import {
   nextTick,
   ref,
   render,
+  vModelCheckbox,
   vModelDynamic,
+  vModelText,
   withDirectives,
 } from '@vue/runtime-dom'
 
@@ -1445,4 +1447,111 @@ describe('vModel', () => {
 
     expect(inputNum1.value).toBe('1')
   })
+
+  // #12460
+  it('prevent input value update in mounted hook if value was updated', async () => {
+    const Comp = defineComponent({
+      data() {
+        return {
+          val: 'bug',
+        }
+      },
+      methods: {
+        onUpdate() {
+          this.val = 'ok'
+        },
+      },
+      render() {
+        return h('div', null, [
+          withDirectives(
+            h('input', {
+              'onUpdate:modelValue': (v: any) => (this.val = v),
+              type: 'search',
+            }),
+            [[vModelText, this.val]],
+          ),
+          'should be ' + this.val,
+          this.$slots.default!({ onUpdate: this.onUpdate }),
+        ])
+      },
+    })
+
+    const show = ref(false)
+    const Page = defineComponent({
+      render() {
+        return show.value
+          ? h(Comp, null, {
+              default: (attrs: any) => {
+                attrs.onUpdate()
+                return h('div')
+              },
+            })
+          : h('div')
+      },
+    })
+
+    render(h(Page), root)
+    expect(root.innerHTML).toBe('<div></div>')
+
+    show.value = true
+    await nextTick()
+    expect(root.innerHTML).toBe(
+      '<div><input type="search">should be ok<div></div></div>',
+    )
+    const input = root.querySelector('input')!
+    expect(input.value).toEqual('ok')
+  })
+
+  it('prevent checkbox value update in mounted hook if value was updated', async () => {
+    const Comp = defineComponent({
+      data() {
+        return {
+          val: false,
+        }
+      },
+      methods: {
+        onUpdate() {
+          this.val = true
+        },
+      },
+      render() {
+        return h('div', null, [
+          withDirectives(
+            h('input', {
+              'onUpdate:modelValue': (v: any) => (this.val = v),
+              type: 'checkbox',
+            }),
+            [[vModelCheckbox, this.val]],
+          ),
+          'should be ' + this.val,
+          this.$slots.default!({ onUpdate: this.onUpdate }),
+        ])
+      },
+    })
+
+    const show = ref(false)
+    const Page = defineComponent({
+      render() {
+        return show.value
+          ? h(Comp, null, {
+              default: (attrs: any) => {
+                attrs.onUpdate()
+                return h('div')
+              },
+            })
+          : h('div')
+      },
+    })
+
+    render(h(Page), root)
+    expect(root.innerHTML).toBe('<div></div>')
+
+    show.value = true
+    await nextTick()
+    expect(root.innerHTML).toBe(
+      '<div><input type="checkbox">should be true<div></div></div>',
+    )
+    const input = root.querySelector('input')!
+    expect(input.checked).toEqual(true)
+  })
 })
diff --git a/packages/runtime-dom/src/directives/vModel.ts b/packages/runtime-dom/src/directives/vModel.ts
index 5057e16d472..c87f8435691 100644
--- a/packages/runtime-dom/src/directives/vModel.ts
+++ b/packages/runtime-dom/src/directives/vModel.ts
@@ -40,7 +40,7 @@ function onCompositionEnd(e: Event) {
 const assignKey: unique symbol = Symbol('_assign')
 
 type ModelDirective<T, Modifiers extends string = string> = ObjectDirective<
-  T & { [assignKey]: AssignerFn; _assigning?: boolean },
+  T & { [assignKey]: AssignerFn; _assigning?: boolean; _initialValue?: any },
   any,
   Modifiers
 >
@@ -52,6 +52,7 @@ export const vModelText: ModelDirective<
   'trim' | 'number' | 'lazy'
 > = {
   created(el, { modifiers: { lazy, trim, number } }, vnode) {
+    el._initialValue = el.value
     el[assignKey] = getModelAssigner(vnode)
     const castToNumber =
       number || (vnode.props && vnode.props.type === 'number')
@@ -83,6 +84,7 @@ export const vModelText: ModelDirective<
   },
   // set value on mounted so it's after min/max for type="range"
   mounted(el, { value }) {
+    if (el._initialValue !== el.value) return
     el.value = value == null ? '' : value
   },
   beforeUpdate(
@@ -122,6 +124,7 @@ export const vModelCheckbox: ModelDirective<HTMLInputElement> = {
   deep: true,
   created(el, _, vnode) {
     el[assignKey] = getModelAssigner(vnode)
+    el._initialValue = el.checked
     addEventListener(el, 'change', () => {
       const modelValue = (el as any)._modelValue
       const elementValue = getValue(el)
@@ -151,7 +154,10 @@ export const vModelCheckbox: ModelDirective<HTMLInputElement> = {
     })
   },
   // set initial checked on mount to wait for true-value/false-value
-  mounted: setChecked,
+  mounted(el, binding, vnode) {
+    if (el._initialValue !== el.checked) return
+    setChecked(el, binding, vnode)
+  },
   beforeUpdate(el, binding, vnode) {
     el[assignKey] = getModelAssigner(vnode)
     setChecked(el, binding, vnode)