Mortgage on a $300K house in Vermont
$2,141 a month with 20% down — $1,614 principal and interest plus $376 property tax and $150 insurance.
Vermont's typical property tax is 1.51% of the home's value a year (U.S. average 0.9%), which adds $376 a month on a $300K home. The typical home in Vermont is worth $391,900, so $300K is 23% below the typical price.
$300K home in Vermont: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $526 | $2,141 | $91,800 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $526 | $2,455 | $105,200 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $526 | $2,562 | $109,800 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $526 | $2,641 | $113,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.51% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Vermont does $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Caledonia County | $298,327 | 1.76% | $2,206 |
| Orleans County | $290,906 | 1.65% | $2,178 |
| Rutland County | $315,512 | 1.81% | $2,217 |
| Orange County | $322,699 | 1.66% | $2,181 |
3 of 14 Vermont counties tracked by Zillow have a typical home value at or below $300K. See all Vermont home prices.
Other prices in Vermont
Frequently asked questions
What is the mortgage on a $300K house in Vermont?
About $2,141 a month with 20% down at 7.11%: $1,614 principal and interest, $376 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Vermont?
About $91,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Vermont?
At Vermont's typical effective rate of 1.51%, about $4,518 a year. Rates vary by county and city — see the county pages.