Mortgage on a $700K house in Oregon
$4,578 a month with 20% down — $3,767 principal and interest plus $460 property tax and $350 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $460 a month on a $700K home. The typical home in Oregon is worth $492,753, so $700K is 42% above the typical price.
$700K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $140,000 | $560,000 | $3,767 | $0 | $810 | $4,578 | $196,200 |
| 10% down | $70,000 | $630,000 | $4,238 | $263 | $810 | $5,311 | $227,600 |
| 5% down | $35,000 | $665,000 | $4,473 | $277 | $810 | $5,561 | $238,300 |
| 3.5% down (FHA) | $24,500 | $687,321 | $4,624 | $310 | $810 | $5,744 | $246,200 |
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 $700K buy a typical home?
In these counties the typical home value is within 15% of $700K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Hood River County | $682,386 | 0.53% | $4,428 |
| Deschutes County | $658,505 | 0.58% | $4,458 |
| Clackamas County | $605,496 | 0.85% | $4,611 |
36 of 36 Oregon counties tracked by Zillow have a typical home value at or below $700K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $700K house in Oregon?
About $4,578 a month with 20% down at 7.11%: $3,767 principal and interest, $460 property tax and $350 insurance.
How much do I need to make to buy a $700K house in Oregon?
About $196,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $700K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $5,525 a year. Rates vary by county and city — see the county pages.