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Oklahoma mortgage calculator

Pre-filled for Oklahoma: the median home value ($220,000) and the state's effective property tax rate of 0.75%. Change anything to match your home.

Home price
Down payment$44,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$1,399.94

Loan $176,000 · 20% down

  • Principal & interest$1,112.44
  • Property tax$137.50
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$224,478
Total cost
$503,978
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 1,967, Interest 11,38212: Principal 2,099, Interest 11,2503: Principal 2,240, Interest 11,1104: Principal 2,389, Interest 10,96045: Principal 2,550, Interest 10,8006: Principal 2,720, Interest 10,6297: Principal 2,902, Interest 10,4478: Principal 3,097, Interest 10,25289: Principal 3,304, Interest 10,04510: Principal 3,526, Interest 9,82411: Principal 3,762, Interest 9,58812: Principal 4,014, Interest 9,3361213: Principal 4,282, Interest 9,06714: Principal 4,569, Interest 8,78015: Principal 4,875, Interest 8,47416: Principal 5,202, Interest 8,1481617: Principal 5,550, Interest 7,79918: Principal 5,922, Interest 7,42819: Principal 6,318, Interest 7,03120: Principal 6,741, Interest 6,6082021: Principal 7,193, Interest 6,15622: Principal 7,675, Interest 5,67523: Principal 8,189, Interest 5,16124: Principal 8,737, Interest 4,6122425: Principal 9,322, Interest 4,02726: Principal 9,947, Interest 3,40327: Principal 10,613, Interest 2,73728: Principal 11,323, Interest 2,0262829: Principal 12,082, Interest 1,26730: Principal 12,891, Interest 45830
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$1,967$11,382$174,033
2$2,099$11,250$171,934
3$2,240$11,110$169,694
4$2,389$10,960$167,305
5$2,550$10,800$164,755
Monthly payment$1,399.94

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Oklahoma at a glance

Effective property tax
0.75%
Rank (1 = highest)
27th of 51
Median home value
$222,100
Median tax bill
$1,672/yr

On the same $400,000 home, property tax in Oklahoma adds about $250.00/month, versus $296.67/month at the national rate.

Oklahoma mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$100,000$505.65$62.50$718.15
$175,000$884.90$109.38$1,144.28
$225,000$1,137.72$140.63$1,428.35
$325,000$1,643.38$203.13$1,996.51
$450,000$2,275.44$281.25$2,706.69

20% down, 6.5% 30-year fixed (example rate), 0.75% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Oklahoma.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Oklahoma figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Oklahoma?+

The effective property tax rate in Oklahoma is about 0.75% of home value a year (median taxes paid $1,672 on a median home worth $222,100). That's the 27th highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Oklahoma?+

For a $220,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $1,399.94 a month, including $137.50 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Oklahoma?+

To afford the median Oklahoma home ($220,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $70,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.