Can I Afford a $100K Home in Oregon?
Complete mortgage breakdown for a $100,000 home in Oregon, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$698/mo
P&I: $526 + Tax: $73 + Insurance: $100
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $850 | $36,434 |
| 5% | $5,000 | $836 | $35,836 |
| 10% | $10,000 | $801 | $34,339 |
| 20% | $20,000 | $698 | $29,916 |
Monthly Cost Breakdown (Oregon)
Principal & Interest
$526/mo
Property Tax (0.87%)
$73/mo
Homeowners Insurance
$100/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$29,916/yr
Minimum gross income
36% Rule (All Debt)
$23,268/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Oregon
A $100,000 home in Oregon is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $698 is achievable on a salary of $29,916 or more. Oregon's property tax rate of 0.87% is near the national average.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Oregon.