CALCMONEY // MORTGAGE // OR
Calculate your monthly mortgage payment using Oregon-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$490,000
6.9%
0.97%
4.75%–9.9%
How today's 6.9% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.9% | — |
| 2024 avg | 7.32% | -0.42% |
| 2023 avg | 7.75% | -0.85% |
| 2022 peak | 7.58% | -0.68% |
| 2021 avg | 3.50% | +3.40% |
| 2020 avg | 3.30% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Oregon market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $2,582 |
| Property Tax | $396 |
| Homeowners Insurance (est.) | $163 |
| Total Monthly Payment (PITI) | $3,141 |
$98,000
$537,417
$134,620/yr
$490,000 is the median home price across Oregon, set against a $71,400 median household income for a 6.9x price-to-income ratio, 17% above the national median price.
Property taxes in Oregon average 0.97% of assessed value, below the 1.1% national average. On the median home, that's $4,753 a year, or $396 added to the monthly payment.
Unlike the nine no-income-tax states, Oregon taxes wage income at 4.75%–9.9%. Worth running your actual take-home pay against the $3,141/month payment here before locking in a target price.
Day-to-day expenses statewide track at 113 against the national 100 baseline, above average once you look past the mortgage payment itself.
Oregon's median home price runs 3% lower than New Jersey: $505,000 there versus $490,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $392,000 loan saves $17,640 in interest over 30 years.
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