FHA Loan Calculator — Oregon
On the typical Oregon home ($496,000), 3.5% down leaves a $478,640 base loan. The 1.75% upfront premium ($8,376) is financed, for a $487,016 loan, and annual MIP of 0.55% adds $222 a month for the life of the loan. Oregon FHA limits run $541,287–$832,750 by county.
Oregon has the 24th-highest effective property tax rate of the 50 states at 0.81% — $496 less a year than the 0.91% state average on a $496,000 home. Homeowners insurance averages $1,572 a year, the 10th-lowest premium nationally and $1,148 less than the typical state.
Loan Parameters
Total Monthly Payment
$3,938
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$682,965
Total Cost
$1,391,101
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $38,999 | $4,919 | $34,081 | $2,666 | $482,098 | $13,902 |
| Year 2 | $38,999 | $5,276 | $33,724 | $2,638 | $476,822 | $19,178 |
| Year 3 | $38,999 | $5,659 | $33,341 | $2,608 | $471,163 | $24,837 |
| Year 4 | $38,999 | $6,070 | $32,930 | $2,576 | $465,093 | $30,907 |
| Year 5 | $38,999 | $6,510 | $32,489 | $2,542 | $458,583 | $37,417 |
| Year 6 | $38,999 | $6,983 | $32,016 | $2,505 | $451,600 | $44,400 |
| Year 7 | $38,999 | $7,490 | $31,509 | $2,465 | $444,109 | $51,891 |
| Year 8 | $38,999 | $8,034 | $30,965 | $2,423 | $436,075 | $59,925 |
| Year 9 | $38,999 | $8,617 | $30,382 | $2,377 | $427,458 | $68,542 |
| Year 10 | $38,999 | $9,243 | $29,756 | $2,328 | $418,215 | $77,785 |
| Year 11 | $38,999 | $9,914 | $29,085 | $2,276 | $408,300 | $87,700 |
| Year 12 | $38,999 | $10,634 | $28,365 | $2,219 | $397,666 | $98,334 |
| Year 13 | $38,999 | $11,406 | $27,593 | $2,159 | $386,260 | $109,740 |
| Year 14 | $38,999 | $12,235 | $26,765 | $2,094 | $374,025 | $121,975 |
| Year 15 | $38,999 | $13,123 | $25,876 | $2,025 | $360,902 | $135,098 |
| Year 16 | $38,999 | $14,076 | $24,924 | $1,950 | $346,826 | $149,174 |
| Year 17 | $38,999 | $15,098 | $23,902 | $1,870 | $331,729 | $164,271 |
| Year 18 | $38,999 | $16,194 | $22,805 | $1,784 | $315,534 | $180,466 |
| Year 19 | $38,999 | $17,370 | $21,630 | $1,692 | $298,165 | $197,835 |
| Year 20 | $38,999 | $18,631 | $20,368 | $1,593 | $279,533 | $216,467 |
| Year 21 | $38,999 | $19,984 | $19,015 | $1,488 | $259,549 | $236,451 |
| Year 22 | $38,999 | $21,435 | $17,564 | $1,374 | $238,114 | $257,886 |
| Year 23 | $38,999 | $22,991 | $16,008 | $1,252 | $215,123 | $280,877 |
| Year 24 | $38,999 | $24,661 | $14,339 | $1,122 | $190,462 | $305,538 |
| Year 25 | $38,999 | $26,451 | $12,548 | $982 | $164,011 | $331,989 |
| Year 26 | $38,999 | $28,372 | $10,627 | $831 | $135,639 | $360,361 |
| Year 27 | $38,999 | $30,432 | $8,567 | $670 | $105,207 | $390,793 |
| Year 28 | $38,999 | $32,642 | $6,358 | $497 | $72,565 | $423,435 |
| Year 29 | $38,999 | $35,012 | $3,987 | $312 | $37,553 | $458,447 |
| Year 30 | $38,998 | $37,553 | $1,445 | $113 | $0 | $496,000 |
FHA Loan numbers for Oregon
- Typical Oregon home value
- $496,000
- 3.5% down ($17,360) · Zillow, August 31, 2026
- Loan amount
- $487,016
- Includes $8,376 financed UFMIP
- Estimated monthly payment
- $3,938
- APR 7.761%
- Oregon property tax
- 0.81%
- $335/mo
- Homeowners insurance
- $1,572/yr
- $131/mo
- Upfront MIP (1.75%)
- $8,376
- Financed into the loan
- Annual MIP
- 0.55%
- $222/mo in year 1 · life of loan
- Oregon FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Oregon with an fha loan?
Highest price where principal, interest, Oregon property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $104,000 | $3,640 | 21% |
| $50,000 | $1,167 | $134,000 | $4,690 | 27% |
| $60,000 | $1,400 | $165,000 | $5,775 | 33% |
| $75,000 | $1,750 | $210,000 | $7,350 | 42% |
| $100,000 | $2,333 | $286,000 | $10,010 | 58% |
| $125,000 | $2,917 | $362,000 | $12,670 | 73% |
| $150,000 | $3,500 | $438,000 | $15,330 | 88% |
FHA vs other loan types in Oregon
$496,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $49,600 | $446,400 | — | $268 PMI | $3,713 | 7.488% |
| FHA | 3.5% · $17,360 | $487,016 | UFMIP $8,376 | $222 MIP | $3,938 | 7.761% |
| VA | 0% · $0 | $506,664 | Funding fee $10,664 | $0 | $3,847 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $99,200 | $396,800 | — | $0 | $3,114 | 7.030% |
Frequently asked questions
What is the monthly payment on a $496,000 home with an fha loan in Oregon?
Estimated $3,938 per month ($3,250 principal & interest, $335 property tax, $131 insurance, $222 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Oregon for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.