Mortgage on a $300K house in Oregon
$1,962 a month with 20% down — $1,614 principal and interest plus $197 property tax and $150 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $197 a month on a $300K home. The typical home in Oregon is worth $492,753, so $300K is 39% below the typical price.
$300K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $347 | $1,962 | $84,100 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $347 | $2,276 | $97,500 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $347 | $2,383 | $102,100 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $347 | $2,462 | $105,500 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Baker County | $297,516 | 0.78% | $1,960 |
| Klamath County | $303,425 | 0.62% | $1,921 |
| Malheur County | $306,087 | 0.75% | $1,951 |
| Morrow County | $306,837 | 0.81% | $1,967 |
| Sherman County | $289,987 | 0.75% | $1,952 |
| Wheeler County | $310,433 | 0.69% | $1,938 |
| Umatilla County | $312,771 | 0.9% | $1,991 |
| Grant County | $281,746 | 0.73% | $1,947 |
| Union County | $332,868 | 0.83% | $1,972 |
| Douglas County | $339,328 | 0.61% | $1,917 |
6 of 36 Oregon counties tracked by Zillow have a typical home value at or below $300K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $300K house in Oregon?
About $1,962 a month with 20% down at 7.11%: $1,614 principal and interest, $197 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Oregon?
About $84,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $2,368 a year. Rates vary by county and city — see the county pages.