Mortgage on a $550K house in Vermont
$3,925 a month with 20% down — $2,960 principal and interest plus $690 property tax and $275 insurance.
Vermont's typical property tax is 1.51% of the home's value a year (U.S. average 0.9%), which adds $690 a month on a $550K home. The typical home in Vermont is worth $391,900, so $550K is 40% above the typical price.
$550K home in Vermont: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $965 | $3,925 | $168,200 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $965 | $4,501 | $192,900 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $965 | $4,698 | $201,300 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $965 | $4,841 | $207,500 |
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 $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Chittenden County | $503,727 | 1.51% | $3,925 |
| Lamoille County | $489,639 | 1.57% | $3,955 |
14 of 14 Vermont counties tracked by Zillow have a typical home value at or below $550K. See all Vermont home prices.
Other prices in Vermont
Frequently asked questions
What is the mortgage on a $550K house in Vermont?
About $3,925 a month with 20% down at 7.11%: $2,960 principal and interest, $690 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Vermont?
About $168,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Vermont?
At Vermont's typical effective rate of 1.51%, about $8,282 a year. Rates vary by county and city — see the county pages.