Mortgage Calculator — Oregon
Pre-filled with Oregon's average home price of $480000, property tax rate of 0.8%, and average insurance of $1200/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Oregon averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
—
Enter your loan details to see your payment
Total Interest Paid
—
Over loan lifetime
Total Cost
—
Principal + interest
Loan Amount
—
Amount financed
Down Payment
—
Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
|---|---|---|
| Enter loan details above to see rate scenarios | ||
Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
|---|
Oregon Housing Market
Oregon has no sales tax but levies relatively high income taxes. Portland's housing market has cooled from pandemic-era peaks but remains expensive relative to income. Bend has emerged as one of the fastest-appreciating markets in the Pacific Northwest.
Affordability in Oregon
Portland's median home price exceeds $480,000, making affordability challenging for single-income households. Salem and Eugene offer more moderate options, while Eastern Oregon markets remain among the most affordable in the state.
Key Markets
First-Time Buyer Programs in Oregon
Oregon Bond Residential Loan
Below-market fixed-rate first mortgage for first-time buyers, with income and price limits.
Flex Lending
OHCS first mortgage paired with down payment assistance, available through participating lenders.
Homeownership Centers DPA
Down payment assistance through local non-profit Homeownership Centers, often with homebuyer education required.
Programs are run by the Oregon Housing and Community Services (OHCS). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Oregon
Measures 5 and 50 cap increases in a home's assessed value at 3% a year, so assessed value is often well below market value. Portland-area levies push effective rates above the state average. At Oregon's average effective rate of 0.8%, a $480,000 home pays roughly $3,840/year (about $320/month).
Oregon 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 Oregon
Oregon bans new real estate transfer taxes. Washington County is the exception, charging $1 per $1,000 under an older ordinance. Title insurance and escrow fees are the largest closing costs.
Mortgage Calculator by State