Mortgage on a $400K house in Vermont
$2,855 a month with 20% down — $2,153 principal and interest plus $502 property tax and $200 insurance.
Vermont's typical property tax is 1.51% of the home's value a year (U.S. average 0.9%), which adds $502 a month on a $400K home. The typical home in Vermont is worth $391,900, so $400K is right at the typical price.
$400K home in Vermont: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $702 | $2,855 | $122,300 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $702 | $3,274 | $140,300 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $702 | $3,417 | $146,400 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $702 | $3,521 | $150,900 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Washington County | $389,915 | 1.75% | $2,934 |
| Windsor County | $416,696 | 1.84% | $2,966 |
| Addison County | $421,591 | 1.58% | $2,878 |
| Bennington County | $374,684 | 1.64% | $2,898 |
| Windham County | $368,593 | 1.81% | $2,956 |
| Franklin County | $362,297 | 1.41% | $2,823 |
| Grand Isle County | $452,828 | 1.32% | $2,792 |
9 of 14 Vermont counties tracked by Zillow have a typical home value at or below $400K. See all Vermont home prices.
Other prices in Vermont
Frequently asked questions
What is the mortgage on a $400K house in Vermont?
About $2,855 a month with 20% down at 7.11%: $2,153 principal and interest, $502 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Vermont?
About $122,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Vermont?
At Vermont's typical effective rate of 1.51%, about $6,023 a year. Rates vary by county and city — see the county pages.