Mortgage on a $600K house in Oregon
$3,924 a month with 20% down — $3,229 principal and interest plus $395 property tax and $300 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $395 a month on a $600K home. The typical home in Oregon is worth $492,753, so $600K is 22% above the typical price.
$600K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $695 | $3,924 | $168,200 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $695 | $4,552 | $195,100 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $695 | $4,767 | $204,300 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $695 | $4,923 | $211,000 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Clackamas County | $605,496 | 0.85% | $3,952 |
| Washington County | $555,664 | 0.84% | $3,948 |
| Benton County | $553,203 | 0.95% | $4,005 |
| Deschutes County | $658,505 | 0.58% | $3,821 |
| Clatsop County | $518,689 | 0.69% | $3,874 |
| Hood River County | $682,386 | 0.53% | $3,795 |
33 of 36 Oregon counties tracked by Zillow have a typical home value at or below $600K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $600K house in Oregon?
About $3,924 a month with 20% down at 7.11%: $3,229 principal and interest, $395 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Oregon?
About $168,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $4,736 a year. Rates vary by county and city — see the county pages.