In Oregon, the median home value is $350,600 and the average outstanding mortgage amount is $225,597. Homeowners pay $63 more than the national average mortgage payment.
Because of these steep prices, it’s especially valuable to conduct in-depth research before buying a house in Oregon. It’s important to compare mortgages, rates and terms to find ways to lower your monthly expenses.
Your monthly payment is affected by several factors, including your interest rate, property tax and homeowners association (HOA) fees. MoneyGeek’s Oregon mortgage calculator allows you to estimate your costs according to specific factors. You can change the numbers to see how each adjustment can affect your payments.