Oregon First-Time Homebuyer Calculator
First-time homebuyer costs in Oregon: $16,800 FHA down payment, $11,520 closing costs, 0.97% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Oregon. Includes down payment, closing costs (2.4%), PMI (required below 20% down), property tax (0.97%), and homeowners insurance ($1,200/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Oregon homebuyer facts: Median price $480,000 | 20% down = $96,000 | FHA 3.5% down = $16,800 | Closing costs ~$11,520 | Property tax 0.97% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Oregon?
For Oregon's median home ($480,000): FHA minimum down payment is $16,800 (3.5%), plus $11,520 in closing costs. Total minimum: ~$28,320. With 20% down to avoid PMI: ~$107,520.
What are closing costs in Oregon?
Oregon closing costs average 2.4% of the home price, or about $11,520 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0%.
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