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Oregon Mortgage Calculator

Your monthly mortgage payment in Oregon, with Oregon's effective property tax rate (0.81%) built in, at this week's average rate. The calculator starts at the state's median home value, $477,600.

A $478,000 home with 20% down ($382,400 borrowed) at 7.28% over 30 years costs about $3,107 a month: $2,616 principal and interest plus $490 of tax, insurance and dues.

Monthly payment
$3,106.54
Principal and interest
$2,616.43
Tax, insurance, PMI and HOA
$490.11
Total interest over the loan
$559,514
Loan balance and interest paid over 30 years at 7.28%$0$200k$400k$600k051015202530Years━Balance owed━Interest paid so far
Download the schedule (CSV)
Amortization by year: $382,400 at 7.28%
YearInterestPrincipalBalance
1$27,717.55$3,679.58$378,720.42
2$27,440.56$3,956.57$374,763.85
3$27,142.71$4,254.42$370,509.42
4$26,822.44$4,574.69$365,934.74
5$26,478.07$4,919.07$361,015.67
6$26,107.76$5,289.37$355,726.30
7$25,709.59$5,687.55$350,038.75
8$25,281.43$6,115.70$343,923.06
9$24,821.05$6,576.08$337,346.97
10$24,326.01$7,071.12$330,275.85
11$23,793.71$7,603.43$322,672.43
12$23,221.33$8,175.81$314,496.62
13$22,605.86$8,791.27$305,705.35
14$21,944.07$9,453.07$296,252.28
15$21,232.45$10,164.68$286,087.60
16$20,467.26$10,929.87$275,157.73
17$19,644.47$11,752.66$263,405.07
18$18,759.75$12,637.39$250,767.68
19$17,808.42$13,588.71$237,178.97
20$16,785.47$14,611.66$222,567.31
21$15,685.53$15,711.61$206,855.70
22$14,502.77$16,894.36$189,961.34
23$13,230.98$18,166.15$171,795.19
24$11,863.46$19,533.68$152,261.51
25$10,392.98$21,004.15$131,257.36
26$8,811.81$22,585.32$108,672.04
27$7,111.62$24,285.52$84,386.53
28$5,283.43$26,113.70$58,272.82
29$3,317.62$28,079.51$30,193.31
30$1,203.82$30,193.31$0.00

This week's mortgage rates →

Monthly payment in Oregon by home price (20% down, 7%, 30 years, 0.81% tax, $2,000 insurance)

Home pricePrincipal and interestProperty taxTotal
$240,000$1,277$162$1,606
$360,000$1,916$244$2,326
$480,000$2,555$325$3,046
$720,000$3,832$487$4,486
$960,000$5,110$650$5,926

How this calculator works

As the mortgage calculator, with Oregon's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $3,876 ÷ median value $477,600.

What it assumes

  • Home insurance varies a lot by state and area; enter your quote.
  • County property tax rates differ from the state figure; see the county pages.

Questions people ask

What is the mortgage payment on a median home in Oregon?

On $477,600 with 20% down at 7% over 30 years: about $2,542 principal and interest and $323 of property tax, $3,032 a month with $2,000 a year of insurance.

What is the median home value in Oregon?

$477,600 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Oregon?

The effective rate is 0.81%, a median $3,876 a year. See Oregon's property tax page for every county we cover.

How much income do I need for a median Oregon home?

Under the 28% guideline, about $129,936 a year for the payment above; Oregon's median household income is $83,011.

Mortgage calculator by state

Related calculators

  • Mortgage CalculatorYour full monthly mortgage payment: principal and interest, property tax, insurance, PMI and HOA dues, at this week's average rate, with a yearly amortization schedule.
  • Oregon Property Tax CalculatorOregon homeowners pay a median $3,876 a year in property tax, 0.81% of a median $477,600 home: the 24th highest effective rate of the 50 states and DC.
  • Home Affordability CalculatorThe home price your income supports under the 28/36 guideline lenders use, counting your other debts, down payment, taxes and insurance, at this week's average rate.

Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.