Mortgage on a $450K house in Vermont
$3,211 a month with 20% down — $2,422 principal and interest plus $565 property tax and $225 insurance.
Vermont's typical property tax is 1.51% of the home's value a year (U.S. average 0.9%), which adds $565 a month on a $450K home. The typical home in Vermont is worth $391,900, so $450K is 15% above the typical price.
$450K home in Vermont: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $790 | $3,211 | $137,600 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $790 | $3,683 | $157,800 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $790 | $3,844 | $164,700 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $790 | $3,961 | $169,800 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Grand Isle County | $452,828 | 1.32% | $3,141 |
| Addison County | $421,591 | 1.58% | $3,237 |
| Windsor County | $416,696 | 1.84% | $3,337 |
| Lamoille County | $489,639 | 1.57% | $3,236 |
| Chittenden County | $503,727 | 1.51% | $3,212 |
| Washington County | $389,915 | 1.75% | $3,301 |
11 of 14 Vermont counties tracked by Zillow have a typical home value at or below $450K. See all Vermont home prices.
Other prices in Vermont
Frequently asked questions
What is the mortgage on a $450K house in Vermont?
About $3,211 a month with 20% down at 7.11%: $2,422 principal and interest, $565 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Vermont?
About $137,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Vermont?
At Vermont's typical effective rate of 1.51%, about $6,776 a year. Rates vary by county and city — see the county pages.