VA Loan Calculator — Oregon
An eligible VA borrower can buy the typical Oregon home ($496,000) with no down payment. The 2.15% first-use funding fee ($10,664) is rolled into a $506,664 loan, and there is no monthly mortgage insurance — saving about $222 a month versus FHA MIP on the same home.
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
$3,847
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$710,521
Total Cost
$1,384,873
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $40,573 | $5,117 | $35,456 | — | $501,547 | -$5,547 |
| Year 2 | $40,573 | $5,489 | $35,084 | — | $496,058 | -$58 |
| Year 3 | $40,573 | $5,887 | $34,686 | — | $490,171 | $5,829 |
| Year 4 | $40,573 | $6,315 | $34,258 | — | $483,857 | $12,143 |
| Year 5 | $40,573 | $6,773 | $33,800 | — | $477,084 | $18,916 |
| Year 6 | $40,573 | $7,265 | $33,308 | — | $469,819 | $26,181 |
| Year 7 | $40,573 | $7,792 | $32,780 | — | $462,026 | $33,974 |
| Year 8 | $40,573 | $8,358 | $32,215 | — | $453,668 | $42,332 |
| Year 9 | $40,573 | $8,965 | $31,608 | — | $444,703 | $51,297 |
| Year 10 | $40,573 | $9,616 | $30,957 | — | $435,087 | $60,913 |
| Year 11 | $40,573 | $10,314 | $30,259 | — | $424,773 | $71,227 |
| Year 12 | $40,573 | $11,063 | $29,510 | — | $413,710 | $82,290 |
| Year 13 | $40,573 | $11,866 | $28,706 | — | $401,843 | $94,157 |
| Year 14 | $40,573 | $12,728 | $27,845 | — | $389,115 | $106,885 |
| Year 15 | $40,573 | $13,652 | $26,920 | — | $375,463 | $120,537 |
| Year 16 | $40,573 | $14,644 | $25,929 | — | $360,820 | $135,180 |
| Year 17 | $40,573 | $15,707 | $24,866 | — | $345,113 | $150,887 |
| Year 18 | $40,573 | $16,847 | $23,725 | — | $328,266 | $167,734 |
| Year 19 | $40,573 | $18,071 | $22,502 | — | $310,195 | $185,805 |
| Year 20 | $40,573 | $19,383 | $21,190 | — | $290,813 | $205,188 |
| Year 21 | $40,573 | $20,790 | $19,783 | — | $270,023 | $225,977 |
| Year 22 | $40,573 | $22,300 | $18,273 | — | $247,723 | $248,277 |
| Year 23 | $40,573 | $23,919 | $16,654 | — | $223,804 | $272,196 |
| Year 24 | $40,573 | $25,655 | $14,917 | — | $198,149 | $297,851 |
| Year 25 | $40,573 | $27,518 | $13,054 | — | $170,630 | $325,370 |
| Year 26 | $40,573 | $29,516 | $11,056 | — | $141,114 | $354,886 |
| Year 27 | $40,573 | $31,660 | $8,913 | — | $109,455 | $386,546 |
| Year 28 | $40,573 | $33,958 | $6,614 | — | $75,496 | $420,504 |
| Year 29 | $40,573 | $36,424 | $4,149 | — | $39,072 | $456,928 |
| Year 30 | $40,576 | $39,072 | $1,504 | — | $0 | $496,000 |
VA Loan numbers for Oregon
- Typical Oregon home value
- $496,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $506,664
- Includes $10,664 financed funding fee
- Estimated monthly payment
- $3,847
- APR 7.242%
- Oregon property tax
- 0.81%
- $335/mo
- Homeowners insurance
- $1,572/yr
- $131/mo
- VA funding fee (first use)
- 2.15% · $10,664
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $222/mo
- Same $496,000 home, FHA at 3.5% down
How much house can you afford in Oregon with a va loan?
Highest price where principal, interest, Oregon property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 |
|---|---|---|---|---|
| $50,000 | $1,167 | $138,000 | $0 | 28% |
| $75,000 | $1,750 | $216,000 | $0 | 44% |
| $100,000 | $2,333 | $293,000 | $0 | 59% |
| $125,000 | $2,917 | $371,000 | $0 | 75% |
| $150,000 | $3,500 | $449,000 | $0 | 91% |
| $200,000 | $4,667 | $605,000 | $0 | 122% |
| $250,000 | $5,833 | $761,000 | $0 | 153% |
VA 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 a va loan in Oregon?
Estimated $3,847 per month ($3,381 principal & interest, $335 property tax, $131 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $496,000 Oregon home?
$10,664 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.