Mortgage on a $550K house in Oregon
$3,597 a month with 20% down — $2,960 principal and interest plus $362 property tax and $275 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $362 a month on a $550K home. The typical home in Oregon is worth $492,753, so $550K is 12% above the typical price.
$550K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $110,000 | $440,000 | $2,960 | $0 | $637 | $3,597 | $154,100 |
| 10% down | $55,000 | $495,000 | $3,330 | $206 | $637 | $4,173 | $178,800 |
| 5% down | $27,500 | $522,500 | $3,515 | $218 | $637 | $4,369 | $187,300 |
| 3.5% down (FHA) | $19,250 | $540,038 | $3,633 | $243 | $637 | $4,513 | $193,400 |
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 $550K buy a typical home?
In these counties the typical home value is within 15% of $550K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Benton County | $553,203 | 0.95% | $3,671 |
| Washington County | $555,664 | 0.84% | $3,619 |
| Clatsop County | $518,689 | 0.69% | $3,552 |
| Tillamook County | $503,694 | 0.6% | $3,510 |
| Yamhill County | $501,668 | 0.73% | $3,568 |
| Multnomah County | $496,807 | 0.96% | $3,675 |
| Clackamas County | $605,496 | 0.85% | $3,623 |
| Polk County | $475,672 | 0.8% | $3,601 |
| Crook County | $471,570 | 0.64% | $3,527 |
| Lincoln County | $470,173 | 0.81% | $3,606 |
31 of 36 Oregon counties tracked by Zillow have a typical home value at or below $550K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $550K house in Oregon?
About $3,597 a month with 20% down at 7.11%: $2,960 principal and interest, $362 property tax and $275 insurance.
How much do I need to make to buy a $550K house in Oregon?
About $154,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $550K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $4,341 a year. Rates vary by county and city — see the county pages.