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Oregon mortgage calculator

Pre-filled for Oregon: the median home value ($500,000) and the state's effective property tax rate of 0.78%. Change anything to match your home.

Home price
Down payment$100,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$3,003.27

Loan $400,000 · 20% down

  • Principal & interest$2,528.27
  • Property tax$325.00
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$510,180
Total cost
$1,081,180
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 4,471, Interest 25,86812: Principal 4,770, Interest 25,5693: Principal 5,090, Interest 25,2494: Principal 5,431, Interest 24,90945: Principal 5,794, Interest 24,5456: Principal 6,182, Interest 24,1577: Principal 6,596, Interest 23,7438: Principal 7,038, Interest 23,30189: Principal 7,510, Interest 22,83010: Principal 8,013, Interest 22,32711: Principal 8,549, Interest 21,79012: Principal 9,122, Interest 21,2181213: Principal 9,733, Interest 20,60714: Principal 10,384, Interest 19,95515: Principal 11,080, Interest 19,25916: Principal 11,822, Interest 18,5171617: Principal 12,614, Interest 17,72618: Principal 13,458, Interest 16,88119: Principal 14,360, Interest 15,98020: Principal 15,321, Interest 15,0182021: Principal 16,347, Interest 13,99222: Principal 17,442, Interest 12,89723: Principal 18,610, Interest 11,72924: Principal 19,857, Interest 10,4822425: Principal 21,187, Interest 9,15326: Principal 22,606, Interest 7,73427: Principal 24,120, Interest 6,22028: Principal 25,735, Interest 4,6042829: Principal 27,458, Interest 2,88130: Principal 29,300, Interest 1,04230
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$4,471$25,868$395,529
2$4,770$25,569$390,759
3$5,090$25,249$385,669
4$5,431$24,909$380,238
5$5,794$24,545$374,444
Monthly payment$3,003.27

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Oregon at a glance

Effective property tax
0.78%
Rank (1 = highest)
25th of 51
Median home value
$497,500
Median tax bill
$3,895/yr

On the same $400,000 home, property tax in Oregon adds about $260.00/month, versus $296.67/month at the national rate.

Oregon mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$250,000$1,264.14$162.50$1,576.64
$375,000$1,896.20$243.75$2,289.95
$500,000(median)$2,528.27$325.00$3,003.27
$750,000$3,792.41$487.50$4,429.91
$1,000,000$5,056.54$650.00$5,856.54

20% down, 6.5% 30-year fixed (example rate), 0.78% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Oregon.

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.
  • Oregon 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 Oregon?+

The effective property tax rate in Oregon is about 0.78% of home value a year (median taxes paid $3,895 on a median home worth $497,500). That's the 25th 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 Oregon?+

For a $500,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $3,003.27 a month, including $325.00 of property tax and $150.00 of insurance.

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

To afford the median Oregon home ($500,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $151,000 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.