Mortgage on a $350K house in Vermont
$2,498 a month with 20% down — $1,884 principal and interest plus $439 property tax and $175 insurance.
Vermont's typical property tax is 1.51% of the home's value a year (U.S. average 0.9%), which adds $439 a month on a $350K home. The typical home in Vermont is worth $391,900, so $350K is 11% below the typical price.
$350K home in Vermont: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $614 | $2,498 | $107,000 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $614 | $2,864 | $122,800 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $614 | $2,989 | $128,100 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $614 | $3,081 | $132,000 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Franklin County | $362,297 | 1.41% | $2,471 |
| Windham County | $368,593 | 1.81% | $2,587 |
| Bennington County | $374,684 | 1.64% | $2,536 |
| Orange County | $322,699 | 1.66% | $2,544 |
| Rutland County | $315,512 | 1.81% | $2,587 |
| Washington County | $389,915 | 1.75% | $2,568 |
| Caledonia County | $298,327 | 1.76% | $2,573 |
5 of 14 Vermont counties tracked by Zillow have a typical home value at or below $350K. See all Vermont home prices.
Other prices in Vermont
Frequently asked questions
What is the mortgage on a $350K house in Vermont?
About $2,498 a month with 20% down at 7.11%: $1,884 principal and interest, $439 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Vermont?
About $107,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Vermont?
At Vermont's typical effective rate of 1.51%, about $5,270 a year. Rates vary by county and city — see the county pages.