Oregon Mortgage Calculator
Estimate a monthly mortgage payment in Oregon using the state's 0.87% effective property tax rate. Includes taxes, insurance, PMI and closing costs.
Oregon at a glance
- Effective property tax rate
- 0.87%
- 26th highest of 51
- Median home value
- $397,000
- National: $408,800
- Median annual property tax
- $3,454
- National: $2,690
- Real estate transfer tax
- None
- No state transfer tax
What a median-priced home costs per month in Oregon
The median home in Oregon is worth about $397,000. With 20% down ($79,400) on a 30-year loan at 6.5%, the principal and interest payment is roughly $2,007. Add Oregon’s property tax at 0.87% of value ($288 a month) and homeowners insurance at the national average ($212 a month), and the full monthly cost lands near $2,507.
Using the standard 28% front-end guideline, a payment that size implies a household income of roughly $107,451 a year to qualify comfortably.
| Down payment | Loan | P&I | Tax | Insurance | PMI | Total |
|---|---|---|---|---|---|---|
| 20% ($79,400) | $317,600 | $2,007 | $288 | $212 | None | $2,507 |
| 10% ($39,700) | $357,300 | $2,258 | $288 | $212 | $179 | $2,937 |
Run your own numbers for Oregon
The calculator below is preloaded with Oregon’s median home price and its 0.87% property tax rate. Change any figure to match the home you are actually looking at.
Your numbers
- Principal & interest
- $2,007
- Property tax + insurance
- $500
- HOA
- $0
- PMI
- Not required (20%+ equity)
- Loan amount
- $317,600
- Loan-to-value (LTV)
- 80.0%
- Total interest paid
- $405,081
- Total of all payments
- $722,681
How Oregon property tax compares
At 0.87%, Oregon sits below the national average of 1.1% — a difference of 0.23 percentage points, or about $76 a month on a median-priced home here. Across all 50 states and the District of Columbia, it ranks 26 from the top.
Statewide figures hide a lot. Effective rates are set at the county, city and school-district level, so two homes of identical value an hour apart in Oregon can carry very different bills. Check the county assessor’s published rate for the specific address before committing to a budget.
Closing costs in Oregon
Buyers typically pay 2–5% of the purchase price at closing, which on the Oregon median of $397,000 works out to roughly $7,940 to $19,850. That covers lender origination, appraisal, title insurance and settlement, recording fees, and prepaid escrow for taxes and insurance.
Oregon is one of roughly fifteen states with no real estate transfer tax, which removes a line item that can run into thousands of dollars elsewhere. Recording fees still apply, but they are nominal by comparison.
Total interest over 30 years
On the $317,600 loan above at 6.5%, total interest across the full term comes to about $405,081 — roughly 128% of the amount borrowed. Adding $200 a month to principal would retire the loan years early and cut that figure substantially; the mortgage payoff calculator shows exactly how much.
| State | Median value | Tax rate | Median tax bill |
|---|---|---|---|
| Oregon | $397,000 | 0.87% | $3,454 |
| New Jersey | $395,000 | 2.23% | $8,809 |
| Utah | $408,000 | 0.52% | $2,122 |
| Maryland | $380,000 | 1.07% | $4,066 |
| New York | $370,000 | 1.62% | $5,994 |
| Nevada | $367,000 | 0.55% | $2,019 |
Mortgage calculators for other states
Disclaimer: estimates for general information only, not financial advice and not an offer of credit. Actual figures depend on your lender, credit profile and location.