Monthly Payment on a $100K Mortgage in Oregon
Using Oregon's 0.93% property tax rate and $1,400/yr homeowners insurance.
$100K Mortgage in Oregon: Rate Comparison
Monthly PITI payment using Oregon's 0.93% property tax and $1,400/yr insurance.
| Rate | 5% Down | 10% Down | 20% Down |
|---|---|---|---|
| 5.5% | $789 | $758 | $648 |
| 6.0% | $819 | $786 | $674 |
| 6.5% | $850 | $816 | $700 |
| 7.0% | $882 | $845 | $726 |
| 7.5% | $914 | $876 | $754 |
| 8.0% | $947 | $907 | $781 |
How This Compares to Oregon's Median
A $100K home is 79% below Oregon's median of $480K. This is well within reach in many Oregon communities.
Income Needed for a $100K Home in Oregon
To afford this payment of $816/mo in Oregon, you'd need a household income of approximately $35K/year (28% rule). That's the standard guideline lenders use to determine what you can comfortably spend on housing.
See what a $30K salary can afford →Closing Costs in Oregon
Estimated closing costs in Oregon: $1K (1.4% of purchase price). Oregon also charges a 0.1% transfer tax, which may add $100 to your transaction costs.
What to Know About a $100K Mortgage in Oregon
With 10% down ($10,000), your loan of $90,000 at 6.5% over 30 years produces a principal and interest payment of $569/mo. Adding Oregon's 0.93% property tax ($78/mo) and $1,400/yr insurance ($117/mo) brings your total to $816/mo. Because you're putting less than 20% down, PMI adds $53/mo until you reach 20% equity.
Over the full 30-year term, you'll pay approximately $114,790 in total interest. Even a small rate reduction makes a big difference — dropping from 7.0% to 6.5% on this loan saves about $10,768 over the life of the loan.