Free · No signup · 2026 rates
Mortgage Calculator Oregon — 2026 Payment Estimates
Pre-filled with Oregon's estimated median home price of $435,000 and 0.97% effective property tax rate. Adjust any input for your specific situation. All calculations run in your browser.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$435,000
Monthly P&I (30yr)
$2,199.60
Property tax/month
$351.63
Est. total PITI/month
$2,714.35
Optional — unlocks affordability analysis
Enter gross income to check affordability
At the 28% front-end guideline, this payment requires ~$94,268/year in gross income. The monthly shown is principal and interest only — add ~$33 for taxes, insurance.
- ›A 15-year term saves $246,193 in total interest but raises the payment by $832/month
- ›Total interest ($443,855) exceeds the loan itself ($348,000) — every extra principal payment saves its full remaining interest
⚡ Total interest ($443,855) exceeds the loan principal — consider extra principal payments or a shorter term
Check your full price range with the Home Affordability Calculator →Share on r/personalfinance, Twitter/X, or LinkedIn 📊
Calculate for another state:
Oregon mortgage payment scenarios — $435,000 home at 6.5%
Monthly P&I and estimated total PITI (principal, interest, tax, insurance) at three down payment levels. Property tax uses Oregon's 0.97% effective rate; insurance estimated at 0.45% of home value annually.
| Down payment | Down amount | P&I (30yr) | P&I (15yr) | Total PITI (30yr) |
|---|---|---|---|---|
| 10% down | $43,500 | $2,474.55 | $3,410.39 | $2,989.30 |
| 15% down | $65,250 | $2,337.07 | $3,220.92 | $2,851.82 |
| 20% down | $87,000 | $2,199.60 | $3,031.45 | $2,714.35 |
P&I only (30yr and 15yr). PITI adds property tax (0.97%) and estimated homeowners insurance (0.45% annually). Does not include PMI — required when down payment is below 20%.
Property tax and insurance in Oregon
Oregon's 0.97% effective rate is near the national average. Measure 50 limits annual assessment increases to 3% for existing owners, creating a growing gap between long-term owners and new buyers over time.
Oregon property tax
Effective rate: 0.97%. On a $435,000 home, annual property taxes are approximately $4,220 — or $351.63/month. Many lenders collect this monthly into an escrow account.
Homeowners insurance
Estimated at 0.45% of home value annually — roughly $163.12/month on a $435,000 home. Rates vary by coverage, age of home, and local risk factors. Get quotes from multiple insurers before closing.
PMI (if under 20% down)
Private Mortgage Insurance is required on conventional loans with less than 20% down, typically costing 0.5–1.5% of the loan amount per year. On a $348,000 loan, PMI adds roughly $261.00–$435.00/month.
Income needed
The 28% front-end DTI guideline requires approximately $116,329/year in gross income to qualify for the median Oregon home with 20% down. This is principal, interest, tax, and insurance — not counting other debt.
Oregon housing market 2026
Portland dominates Oregon's housing market. Eastern Oregon and the coast offer dramatically more affordability. Wildfire risk has raised insurance costs in parts of the state. Oregon has no sales tax, which is a meaningful advantage for buyers. Measure 50 caps property tax increases similarly to California's Prop 13.
Key numbers for Oregon buyers
- Median home price: $435,000 (2026 estimate)
- Down payment (20%): $87,000
- Loan amount (80% LTV): $348,000
- Monthly P&I at 6.5% / 30yr: $2,199.60
- Est. PITI (with tax + insurance): $2,714.35/month
- Income needed (28% DTI): $116,329/year
Compare mortgage payments by state
📍 California
Median $750,000 · ~$3,793/mo P&I · 0.73% tax
📍 Texas
Median $315,000 · ~$1,593/mo P&I · 1.6% tax
📍 Florida
Median $405,000 · ~$2,048/mo P&I · 0.89% tax
📍 New York
Median $415,000 · ~$2,099/mo P&I · 1.4% tax
📍 Georgia
Median $325,000 · ~$1,643/mo P&I · 0.83% tax
📍 Arizona
Median $365,000 · ~$1,846/mo P&I · 0.6% tax
Related calculators
Mortgage & housing guides
All guides →The True Cost of Homeownership: 9 Costs Your Mortgage Payment Hides
The mortgage P&I payment is just the entry fee. Property tax, insurance, maintenance, repairs, and opportunity cost typically add 30–60% on top. A $400k home worked example reveals the real monthly cost: $3,824 vs the quoted $2,014.
Car Lease vs Buy: The True Cost Comparison Most Dealerships Hide
Leasing looks cheaper monthly because you pay only for depreciation — but lease payments never end. A side-by-side worked example comparing a 3-year lease vs a 5-year purchase on a $40,000 car shows who wins over a 10-year period.
When to Refinance Your Mortgage: The Break-Even Math You Need First
Refinancing lowers your rate but costs 2–5% of the loan in closing costs. The break-even period tells you how many months until monthly savings exceed those costs. Learn the formula, a $350,000 worked example, and the 1% rate-drop guideline.
Mortgage calculator Oregon — frequently asked questions
What is the average mortgage payment in Oregon?
Based on Oregon's median home price of $435,000, a 30-year mortgage at 6.5% with 20% down produces a monthly principal and interest payment of $2,199.60. Adding property tax (~$351.63/month at 0.97%) and homeowners insurance (~$163.12/month) gives an estimated total PITI of approximately $2,714.35/month.
What is the median home price in Oregon in 2026?
The estimated median home price in Oregon in 2026 is approximately $435,000. Prices vary significantly by metro area — use this as a benchmark and enter the specific price you are evaluating in the calculator above.
How much income do I need to afford a house in Oregon?
Using the 28% front-end DTI guideline, an estimated total monthly payment (PITI) of $2,714.35 on the median Oregon home requires approximately $116,329/year in gross income. This assumes 20% down, 6.5% rate, 30-year term, and 0.97% property tax.
What are property taxes in Oregon?
Oregon's effective property tax rate is approximately 0.97%. On a $435,000 home, that is roughly $351.63/month or $4,220/year. Oregon's 0.97% effective rate is near the national average. Measure 50 limits annual assessment increases to 3% for existing owners, creating a growing gap between long-term owners and new buyers over time.
Is a 15-year or 30-year mortgage better in Oregon?
At 6.5% on a $435,000 home with 20% down: the 30-year P&I is $2,199.60/month; the 15-year P&I is $3,031.45/month — $831.86/month more. The 15-year saves $246,193 in total interest. If the higher payment is affordable, the 15-year is almost always the better long-term financial choice.