Mortgage on a $400K house in Oregon
$2,616 a month with 20% down — $2,153 principal and interest plus $263 property tax and $200 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $263 a month on a $400K home. The typical home in Oregon is worth $492,753, so $400K is 19% below the typical price.
$400K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $463 | $2,616 | $112,100 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $463 | $3,035 | $130,100 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $463 | $3,178 | $136,200 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $463 | $3,282 | $140,700 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Wasco County | $400,158 | 0.77% | $2,609 |
| Linn County | $408,244 | 0.87% | $2,641 |
| Josephine County | $388,433 | 0.52% | $2,525 |
| Jefferson County | $424,796 | 0.69% | $2,583 |
| Jackson County | $431,214 | 0.74% | $2,599 |
| Marion County | $439,746 | 0.84% | $2,632 |
| Wallowa County | $441,217 | 0.57% | $2,544 |
| Columbia County | $444,644 | 0.74% | $2,601 |
| Curry County | $448,677 | 0.48% | $2,514 |
| Coos County | $348,767 | 0.68% | $2,578 |
| Lane County | $452,807 | 0.82% | $2,626 |
15 of 36 Oregon counties tracked by Zillow have a typical home value at or below $400K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $400K house in Oregon?
About $2,616 a month with 20% down at 7.11%: $2,153 principal and interest, $263 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Oregon?
About $112,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $3,157 a year. Rates vary by county and city — see the county pages.