Mortgage Calculator — Oklahoma
Pre-filled with Oklahoma's average home price of $195000, property tax rate of 0.76%, and average insurance of $2500/year. Adjust any value below.
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Oklahoma Housing Market
Oklahoma offers among the lowest home prices in the nation with moderate property taxes. Oklahoma City and Tulsa provide major-city amenities at a fraction of coastal market costs, making the state attractive for budget-conscious buyers.
Affordability in Oklahoma
Oklahoma is one of the most affordable states for home ownership. Buyers in Oklahoma City or Tulsa earning $50,000–$60,000 can typically qualify for a median-priced home, though hail and tornado insurance adds to monthly costs.
Key Markets
First-Time Buyer Programs in Oklahoma
OHFA Homebuyer Program
Fixed-rate FHA, VA, USDA or conventional loan with optional down payment and closing cost assistance.
City down payment programs
Tulsa and Oklahoma City run their own down payment assistance for income-qualified buyers. Check each city's housing office.
Programs are run by the Oklahoma Housing Finance Agency (OHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Oklahoma
Increases in the assessed value of a homestead are capped at 3% a year, and the homestead exemption lowers assessed value further. Homes are assessed at 11%–13.5% of market value, depending on the county. At Oklahoma's average effective rate of 0.76%, a $195,000 home pays roughly $1,480/year (about $123/month).
Oklahoma Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Oklahoma
Oklahoma's documentary stamp tax is $0.75 per $500 (0.15%) and is customarily paid by the seller. Closing costs are moderate, mostly lender and title fees.
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