Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Oklahoma homebuyers.
Pre-filled with Oklahoma medians. Adjust for your property.
Estimated closing costs based on Oklahoma tax rates and fees.
The median home price in Oklahoma is $210,000, with property taxes averaging 0.88% annually. Oklahoma's property tax rate is roughly in line with the national average.
Closing costs in Oklahoma average $3K (1.3%% of purchase price). The state charges a 0.075% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.
Oklahoma offers the OHFA Homebuyer DPA for first-time buyers: Up to 3.5% DPA. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Oklahoma offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with state assistance programs.