Mortgage on a $1M house in Oregon
$6,539 a month with 20% down — $5,382 principal and interest plus $658 property tax and $500 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $658 a month on a $1M home. The typical home in Oregon is worth $492,753, so $1M is 103% above the typical price.
$1M home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $200,000 | $800,000 | $5,382 | $0 | $1,158 | $6,539 | $280,300 |
| 10% down | $100,000 | $900,000 | $6,054 | $375 | $1,158 | $7,587 | $325,200 |
| 5% down | $50,000 | $950,000 | $6,391 | $396 | $1,158 | $7,944 | $340,500 |
| 3.5% down (FHA) | $35,000 | $981,888 | $6,605 | $442 | $1,158 | $8,205 | $351,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Oregon does $1M buy a typical home?
No Oregon county has a typical home value within 15% of $1M.
36 of 36 Oregon counties tracked by Zillow have a typical home value at or below $1M. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $1M house in Oregon?
About $6,539 a month with 20% down at 7.11%: $5,382 principal and interest, $658 property tax and $500 insurance.
How much do I need to make to buy a $1M house in Oregon?
About $280,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $1M house in Oregon?
At Oregon's typical effective rate of 0.79%, about $7,893 a year. Rates vary by county and city — see the county pages.