Mortgage on a $450K house in Oregon
$2,943 a month with 20% down — $2,422 principal and interest plus $296 property tax and $225 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $296 a month on a $450K home. The typical home in Oregon is worth $492,753, so $450K is 9% below the typical price.
$450K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $90,000 | $360,000 | $2,422 | $0 | $521 | $2,943 | $126,100 |
| 10% down | $45,000 | $405,000 | $2,724 | $169 | $521 | $3,414 | $146,300 |
| 5% down | $22,500 | $427,500 | $2,876 | $178 | $521 | $3,575 | $153,200 |
| 3.5% down (FHA) | $15,750 | $441,849 | $2,972 | $199 | $521 | $3,692 | $158,200 |
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 $450K buy a typical home?
In these counties the typical home value is within 15% of $450K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Curry County | $448,677 | 0.48% | $2,828 |
| Lane County | $452,807 | 0.82% | $2,955 |
| Columbia County | $444,644 | 0.74% | $2,926 |
| Wallowa County | $441,217 | 0.57% | $2,862 |
| Marion County | $439,746 | 0.84% | $2,961 |
| Jackson County | $431,214 | 0.74% | $2,923 |
| Lincoln County | $470,173 | 0.81% | $2,950 |
| Crook County | $471,570 | 0.64% | $2,885 |
| Jefferson County | $424,796 | 0.69% | $2,906 |
| Polk County | $475,672 | 0.8% | $2,946 |
| Linn County | $408,244 | 0.87% | $2,972 |
| Multnomah County | $496,807 | 0.96% | $3,006 |
23 of 36 Oregon counties tracked by Zillow have a typical home value at or below $450K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $450K house in Oregon?
About $2,943 a month with 20% down at 7.11%: $2,422 principal and interest, $296 property tax and $225 insurance.
How much do I need to make to buy a $450K house in Oregon?
About $126,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $450K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $3,552 a year. Rates vary by county and city — see the county pages.