Can I Afford a $150K Home in Oregon?
Complete mortgage breakdown for a $150,000 home in Oregon, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$997/mo
P&I: $788 + Tax: $109 + Insurance: $100
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $4,500 | $1,225 | $52,509 |
| 5% | $7,500 | $1,204 | $51,611 |
| 10% | $15,000 | $1,152 | $49,365 |
| 20% | $30,000 | $997 | $42,731 |
Monthly Cost Breakdown (Oregon)
Principal & Interest
$788/mo
Property Tax (0.87%)
$109/mo
Homeowners Insurance
$100/mo
Total Interest (30-yr)
$163,793
Affordability Rules of Thumb
28% Rule (Housing)
$42,731/yr
Minimum gross income
36% Rule (All Debt)
$33,235/yr
If no other debt
3Ã Income Rule
$50,000/yr
Conservative target
Buying a $150K Home in Oregon
A $150,000 home in Oregon is at or below the national median home price. With a 20% down payment of $30,000, your estimated monthly payment of $997 is achievable on a salary of $42,731 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.