Calculator

Looking for a home in Oregon? Our Oregon mortgage calculator can help you figure out your budget and much more.

The Rate Advantage program is designed to give borrowers the lowest possible mortgage rate -- for example, as of early March 2022, the national average 30-year mortgage rate was about 4.5%, while Rate Advantage loans had a rate of 3.25%. In many areas, there are restrictions that govern the rental of homes, especially on a short-term basis. This can vary significantly depending on the condition and features of the property, but homeowner's insurance rates in Oregon tend to be significantly lower than you'll find elsewhere. And you'll also need to meet the lender's credit scoring standards for the type of mortgage you're applying for. Oregon's property taxes on real estate are right in the middle of the pack, on par with the national average of about 1% of home value per year. Oregon has been a popular real estate market for years, as the nice climate and beautiful scenery ranging from beaches to mountains and everything in between has pushed home prices well above the national average. It's worth noting that the payment calculated by this formula is only the principal and interest you'll have to pay each month. To find this, start with your loan's nominal interest rate (not the APR), expressed as a decimal -- so 5% would be 0.05. Then divide it by 12 to find the number you'll use in the formula. Oregon homes have risen roughly in-line with the rest of the U.S., with a 19.7% one-year change in the average home value. Oregon has been a popular real estate market for years, as the nice climate and beautiful scenery ranging from beaches to mountains and everything in between has pushed home prices well above the national average. In lending, principal refers to the original amount you borrowed, not the current loan balance or the selling price of the house. So, here's a quick breakdown of some of the major markets and where they stand.