Oregon Mortgage Calculator

Calculate your monthly mortgage payment in Oregon. Pre-filled with Oregon's average property tax rate of 0.90%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$262
Homeowner's Insurance
$100
Total Monthly Payment
$2,132

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,132/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Oregon Housing Overview

Oregon has an average property tax rate of 0.90%. Oregon's cost of living is about 13% above the national average, driven by Portland-area housing costs.

Property Tax: 0.90%Progressive rates up to 9.9%No state sales taxPFML payroll tax

Buying a Home in Oregon

If you're considering buying a home in Oregon, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Oregon's average property tax rate of 0.90% to give you a more accurate estimate.

Oregon Property Taxes

Oregon has an average effective property tax rate of 0.90%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 0.90% rate means approximately $3150 per year, or $263 per month in property taxes alone.

Cost of Living in Oregon

Oregon's cost of living is about 13% above the national average, driven by Portland-area housing costs. When evaluating whether to buy a home in Oregon, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Oregon Homebuyers

  • Oregon has no sales tax — significant savings on all purchases
  • Oregon's top rate of 9.9% makes pre-tax deductions important for higher earners
  • Oregon's PFML payroll tax adds to deductions but provides paid leave benefits
  • Portland's tech sector offers competitive salaries — compare after-tax income with Seattle (no state tax)

Key Oregon Features

  • Progressive rates up to 9.9%
  • No state sales tax
  • PFML payroll tax
  • Growing Portland tech scene

See How Your Oregon Mortgage Fits Your Financial Plan

This calculator shows your Oregon mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Oregon Mortgage Costs with Other States

Washington0.93% property taxCalifornia0.71% property taxIdaho0.63% property taxTexas1.80% property taxFlorida0.89% property taxWashington0.93% property tax

Frequently Asked Questions

What is the average property tax rate in Oregon?
The average effective property tax rate in Oregon is approximately 0.90%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Oregon's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Oregon?
Your mortgage payment in Oregon depends on the home price, your down payment, interest rate, and loan term. With Oregon's average property tax rate of 0.90%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Oregon an affordable state to buy a home?
Oregon's cost of living is about 13% above the national average, driven by Portland-area housing costs. When evaluating affordability in Oregon, consider not just the home price but also property taxes (0.90% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Oregon property taxes compare to other states?
Oregon's average property tax rate of 0.90% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Oregon?
Most states, including Oregon, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Oregon's housing authority and the FHA, VA, and USDA loan programs for additional options.

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