Typical Oregon mortgage payment
The median home price in Oregon is roughly $500,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $3,954 | $2,684 |
| 5.50% | $4,085 | $2,839 |
| 6.00% | $4,219 | $2,998 |
| 6.50% | $4,356 | $3,160 |
| 7.00% | $4,494 | $3,327 |
| 7.50% | $4,635 | $3,496 |
| 8.00% | $4,778 | $3,669 |
At 6.50% over 30 years, a $500,000 home in Oregon costs about $3,160/month in principal & interest.
What affects your Oregon payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.