Oregon mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, includi...ng your principal and interest, taxes, insurance, and PMI in Oregon. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Oregon housing market

Oregon, the Beaver State, is a relatively expensive state to live in with a valuabl...e housing market growing at 6.1% last year. The 9th most expensive housing market, Oregonians pay a lot for their housing, spending 22% of their monthly income on their homes. If you like lush forests, captivating mountains, or even drier climates, Oregon may be the state for you. From the Mt. Hood National Forest to the impressive peak of Mt. Hood to the arid neighborhoods of Bend, Oregon has a bit of everything.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,006$1,445
Mortgage Rate4.125%2.233%*2.983%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,006$1,445
Mortgage Rate4.125%2.233%*2.983%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Principal & interest


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Oregon mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate2.914%2.971%
20-year fixed-rate2.674%2.758%
15-year fixed-rate2.132%2.241%
10-year fixed-rate2.059%2.166%
7/1 ARM2.561%3.132%
5/1 ARM2.499%3.211%
30-year fixed-rate FHA2.375%3.106%
30-year fixed-rate VA2.509%2.781%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in Oregon are 2.971% for a 30-year fixed, 2.241% for a 15-year fixed, and 3.211% for a 5/1 adjustable-rate mortgage (ARM).

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Oregon's first-time home buyer programs

The Oregon Housing and Community Services, or OHCS, offers several loan programs to help qualified first-time home buyers get a mortgage.

Oregon Down Payment Assistance

State program

Review OHCS Lenders

at NerdWallet

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Down payment assistance

What you need to know

Down payment assistance grants of up to $15,000 are available from qualified local organizations. Grant amounts and requirements vary by provider. Applicants must complete homeownership education and follow-up counseling. Income limits apply. The funds may be used with any type of mortgage.

See full article

Oregon's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in Oregon.

See full article

Average property tax in Oregon counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Oregon. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Baker County0.87%$145,600
Benton County1.11%$351,100
Clackamas County1.03%$404,200
Clatsop County0.88%$253,900
Columbia County0.92%$223,300
Coos County0.85%$177,300
Crook County0.59%$187,200
Curry County0.69%$221,300
Deschutes County0.88%$368,600
Douglas County0.72%$200,600
Gilliam County0.86%$110,900
Grant County0.62%$155,400
Harney County0.7%$111,900
Hood River County0.68%$339,400
Jackson County0.89%$291,600
Jefferson County0.82%$178,300
Josephine County0.62%$278,000
Klamath County0.75%$179,300
Lake County0.8%$123,100
Lane County1.01%$258,300
Lincoln County0.99%$227,700
Linn County1.06%$216,100
Malheur County0.87%$127,700
Marion County1.08%$239,100
Morrow County1.09%$131,600
Multnomah County1.08%$393,900
Polk County1.05%$254,500
Sherman County0.97%$144,000
Tillamook County0.7%$233,500
Umatilla County1.09%$172,000
Union County0.89%$172,100
Wallowa County0.64%$217,600
Wasco County1.1%$191,400
Washington County1.07%$394,000
Wheeler County0.91%$138,300
Yamhill County0.89%$308,700

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

» MORE: 

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: