Mortgage on a $500K house in Vermont
$3,568 a month with 20% down — $2,691 principal and interest plus $627 property tax and $250 insurance.
Vermont's typical property tax is 1.51% of the home's value a year (U.S. average 0.9%), which adds $627 a month on a $500K home. The typical home in Vermont is worth $391,900, so $500K is 28% above the typical price.
$500K home in Vermont: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $877 | $3,568 | $152,900 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $877 | $4,092 | $175,400 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $877 | $4,271 | $183,000 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $877 | $4,401 | $188,600 |
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 $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Chittenden County | $503,727 | 1.51% | $3,569 |
| Lamoille County | $489,639 | 1.57% | $3,595 |
| Grand Isle County | $452,828 | 1.32% | $3,490 |
13 of 14 Vermont counties tracked by Zillow have a typical home value at or below $500K. See all Vermont home prices.
Other prices in Vermont
Frequently asked questions
What is the mortgage on a $500K house in Vermont?
About $3,568 a month with 20% down at 7.11%: $2,691 principal and interest, $627 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Vermont?
About $152,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Vermont?
At Vermont's typical effective rate of 1.51%, about $7,529 a year. Rates vary by county and city — see the county pages.