Oregon Down Payment Calculator 2026 — How Much to Save

Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation

Quick Answer

For the Oregon median home price of $450,000, you need: $13,500 for a 3% conventional loan, $15,750 for FHA (3.5%), $45,000 for 10% down (lower PMI), or $90,000 for 20% (no PMI). VA and USDA loans offer 0% down for eligible buyers.

Oregon Housing & Mortgage Data

Median Home Price$450,000
30-Year Fixed Rate6.92%(State average, Apr 2026)
Property Tax Rate0.93%(Effective rate)
Avg HO Insurance$1,100/yr ($92/mo)
Typical Down Payment10% ($45,000)
Median Household Income$70,000/yr

Key Facts for Oregon

  • ✓Oregon median home price is $450,000 as of 2026
  • ✓30-year fixed mortgage rates in Oregon average 6.92%
  • ✓Property taxes in Oregon are 0.93% — near the national average of 1.10%
  • ✓Homeowners insurance averages $1,100/year in Oregon
  • ✓A household earning $112,500/year can typically afford the median Oregon home

More Oregon Calculators

Mortgage CalculatorMortgage Affordability CalculatorHomeowners Insurance CalculatorProperty Tax Calculator

Frequently Asked Questions — Down Payment Calculator in Oregon

Are there down payment assistance programs in Oregon?
Yes. Oregon offers state-level down payment assistance (DPA) programs through its Housing Finance Agency. Programs typically offer 2–5% of the purchase price as a forgivable grant or low-interest second loan for first-time buyers who meet income and purchase price limits. Search "Oregon Housing Finance Agency" for current programs.
Is a 20% down payment required to buy a home in Oregon?
No. The 20% down payment is a myth. Conventional loans start at 3% down, FHA loans at 3.5% down, and VA/USDA loans offer 0% down for eligible buyers. The tradeoff: anything below 20% requires PMI on a conventional loan. On a $450,000 home, 20% down is $90,000 vs $13,500 for 3% down.
What is the average mortgage payment in Oregon?
The average monthly mortgage payment (principal + interest) in Oregon is approximately $2,673 for a $405,000 loan at 6.92% over 30 years. Adding property tax ($349/mo) and homeowners insurance ($92/mo) brings total PITI to about $3,113/month.
What credit score do I need for a mortgage in Oregon?
Most Oregon lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Oregon, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $60,750 over the life of a 30-year loan.
How much down payment is required to buy a home in Oregon?
You can buy a home in Oregon with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Oregon median home price of $450,000, a 20% down payment is $90,000 and lets you avoid PMI. Oregon also has state-level down payment assistance programs for first-time buyers.
What are current mortgage rates in Oregon?
Current 30-year fixed mortgage rates in Oregon average 6.92% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Oregon mortgage rate.
What is the property tax rate in Oregon?
Oregon's effective property tax rate is 0.93%. On the Oregon median home value of $450,000, annual property taxes are approximately $4,185 ($349/month). Property taxes in Oregon are typically escrowed in your monthly mortgage payment.