Oregon House Affordability Calculator
Find out how much house you can afford in Oregon based on your take-home pay.
Oregon Property Tax Rate: ~0.97%
Oregon has below-average property taxes compared to the national average of 1.1%.
How Lenders Calculate Differently
Mortgage lenders use your gross (pre-tax) income to determine how much you can borrow. This calculator uses your take-home pay to show what you can actually afford from your monthly budget.
Your Financial Information
Your after-tax monthly income
% of take-home pay for housing
Amount you'll pay upfront
Car, student loans, credit cards
For reference only - not used in calculations
How Much House Can You Afford?
Maximum Home Price
$222,891
Recommended: $189,457 (conservative)
Monthly Payment Breakdown
Your Monthly Budget
Loan Amount
$162,891
Down Payment
2,690.0%
No PMI
Total Interest
$222,337
Over 30 years
Total Cost
$445,228
Principal + Interest + Down
Understanding Your Budget Ratios
Housing Ratio (28.0%): Percentage of your take-home pay going to housing. Financial experts recommend keeping this below 28-30%.
Total Debt Ratio (38.0%): Housing plus all other debts. Aim to keep this below 40% for financial flexibility.
Important Notice
This calculator uses your after-tax income for estimates. Lenders typically use gross (pre-tax) income for mortgage qualification.
- •Consult a mortgage professional for pre-approval amounts
- •Actual affordability depends on credit score, debt-to-income ratio, and lender requirements
- •Property taxes and insurance rates vary by location
Buying a Home in Oregon
When calculating home affordability in Oregon, consider these state-specific factors:
Property Tax
~0.97%
Average annual rate
On a $400,000 Home
$323/mo
Property tax payment
Oregon Home Buying Tips
- Research property tax rates by county - they can vary significantly
- Factor in Oregon state income tax when budgeting
- Consider homeowners insurance costs, which vary by region
- Look into Oregon-specific first-time homebuyer programs
- Get multiple mortgage quotes to find the best rate