Mortgage on a $200K house in Oklahoma
$1,303 a month with 20% down — $1,076 principal and interest plus $127 property tax and $100 insurance.
Oklahoma's typical property tax is 0.76% of the home's value a year (U.S. average 0.9%), which adds $127 a month on a $200K home. The typical home in Oklahoma is worth $220,801, so $200K is 9% below the typical price.
$200K home in Oklahoma: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $227 | $1,303 | $55,900 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $227 | $1,513 | $64,800 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $227 | $1,584 | $67,900 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $227 | $1,636 | $70,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.76% 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 Oklahoma does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Love County | $201,492 | 0.63% | $1,281 |
| McIntosh County | $194,564 | 0.57% | $1,271 |
| McCurtain County | $194,518 | 0.37% | $1,237 |
| Pottawatomie County | $192,696 | 0.66% | $1,287 |
| Craig County | $192,296 | 0.55% | $1,267 |
| Pontotoc County | $191,508 | 0.65% | $1,284 |
| Marshall County | $208,939 | 0.55% | $1,268 |
| Sequoyah County | $189,021 | 0.55% | $1,267 |
| Lincoln County | $186,940 | 0.56% | $1,270 |
| Roger Mills County | $186,797 | 0.46% | $1,252 |
| Atoka County | $213,742 | 0.55% | $1,269 |
| Cherokee County | $214,211 | 0.54% | $1,266 |
57 of 77 Oklahoma counties tracked by Zillow have a typical home value at or below $200K. See all Oklahoma home prices.
Other prices in Oklahoma
Frequently asked questions
What is the mortgage on a $200K house in Oklahoma?
About $1,303 a month with 20% down at 7.11%: $1,076 principal and interest, $127 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Oklahoma?
About $55,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Oklahoma?
At Oklahoma's typical effective rate of 0.76%, about $1,522 a year. Rates vary by county and city — see the county pages.