Mortgage on a $250K house in Oregon
$1,635 a month with 20% down — $1,345 principal and interest plus $164 property tax and $125 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $164 a month on a $250K home. The typical home in Oregon is worth $492,753, so $250K is 49% below the typical price.
$250K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $289 | $1,635 | $70,100 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $289 | $1,897 | $81,300 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $289 | $1,986 | $85,100 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $289 | $2,051 | $87,900 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Gilliam County | $246,679 | 1.01% | $1,680 |
| Grant County | $281,746 | 0.73% | $1,622 |
| Harney County | $214,641 | 0.8% | $1,638 |
3 of 36 Oregon counties tracked by Zillow have a typical home value at or below $250K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $250K house in Oregon?
About $1,635 a month with 20% down at 7.11%: $1,345 principal and interest, $164 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Oregon?
About $70,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $1,973 a year. Rates vary by county and city — see the county pages.