Home and mortgage

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.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$3,080.62The answer

Monthly payment

$3,080.62

A $478,000 home with 20% down ($382,400 borrowed) at 7.18% over 30 years costs about $3,081 a month: $2,591 principal and interest plus $490 of tax, insurance and dues.

Principal and interest: $2,590.51
Tax, insurance, PMI and HOA: $490.11
Total interest over the loan: $550,184

Amortization by year: $382,400 at 7.18%

Year	Interest	Principal	Balance
1	$27,334.45	$3,751.68	$378,648.32
2	$27,056.04	$4,030.09	$374,618.24
3	$26,756.96	$4,329.16	$370,289.07
4	$26,435.70	$4,650.43	$365,638.64
5	$26,090.58	$4,995.55	$360,643.09
6	$25,719.86	$5,366.27	$355,276.82
7	$25,321.63	$5,764.50	$349,512.32
8	$24,893.84	$6,192.29	$343,320.03
9	$24,434.31	$6,651.82	$336,668.21
10	$23,940.67	$7,145.46	$329,522.75
11	$23,410.40	$7,675.73	$321,847.02
12	$22,840.78	$8,245.35	$313,601.68
13	$22,228.89	$8,857.24	$304,744.44
14	$21,571.59	$9,514.54	$295,229.90
15	$20,865.51	$10,220.62	$285,009.28
16	$20,107.03	$10,979.10	$274,030.18
17	$19,292.27	$11,793.86	$262,236.32
18	$18,417.04	$12,669.09	$249,567.22
19	$17,476.86	$13,609.27	$235,957.95
20	$16,466.90	$14,619.23	$221,338.73
21	$15,382.00	$15,704.13	$205,634.60
22	$14,216.59	$16,869.54	$188,765.06
23	$12,964.69	$18,121.44	$170,643.62
24	$11,619.89	$19,466.24	$151,177.38
25	$10,175.29	$20,910.84	$130,266.54
26	$8,623.48	$22,462.65	$107,803.90
27	$6,956.52	$24,129.61	$83,674.28
28	$5,165.84	$25,920.29	$57,754.00
29	$3,242.28	$27,843.84	$29,910.15
30	$1,175.98	$29,910.15	$0.00

Download the schedule (CSV)

This week's mortgage rates

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

Home price	Principal and interest	Property tax	Total
$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.

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.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.