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Oregon mortgage calculator

The median home in Oregon runs about $490,000. With 20% down that's a loan near $392,000 — the calculator is pre-filled with that figure. Oregon has no sales tax, and Measure 50 caps annual growth in a home's assessed value, so long-time owners often pay tax on far less than market value. Insurance is among the cheapest in the nation.

$2,545.11 / month

Total interest
$524,241
Total paid
$916,241
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$98k$196k$294k$392k0612182430Year

How it works

A full Oregon payment is more than principal and interest. At the state's 0.93% effective property tax rate, a $490,000 home owes about $4,557 a year in tax, and homeowners insurance averages roughly $900 a year here. Together those add about $455 to the monthly payment before any HOA dues or PMI.

Oregon's median household income is about $80,000, or $6,667 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,867 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Oregon sell in about 45 days on average.

Frequently asked questions

What is a typical mortgage payment in Oregon?
On the state's roughly $490,000 median home with 20% down, the loan is about $392,000. Principal and interest depend on your rate; on top of that, Oregon's 0.93% effective property tax rate and about $900 a year in homeowners insurance add roughly $455 per month to the payment.
How much are property taxes on a home in Oregon?
Oregon's effective property tax rate averages about 0.93% of market value — roughly $4,557 a year on the $490,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Oregon?
The average Oregon homeowners policy runs about $900 a year. Oregon has no sales tax, and Measure 50 caps annual growth in a home's assessed value, so long-time owners often pay tax on far less than market value. Insurance is among the cheapest in the nation.
Can I afford a home in Oregon on the median income?
Oregon's median household income is about $80,000 a year, or $6,667 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,867 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Oregon?
A for-sale home in Oregon spends about 45 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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