Mortgage Calculator: How Much You Need To Buy a Home in Oregon at a Rate of 6.60%

The average rate on a 30-year mortgage has decreased to 6.60%. In Oregon, the median home price is $564,500, requiring a 20% down payment of $112,900, resulting in monthly payments of $2,884. With a 10% down payment, the upfront cost is $56,450, leading to monthly payments of $3,245. These payments are lower than those at the peak rate of 7.79% in October 2023. To buy a home, getting pre-approved for a mortgage is essential, involving document preparation and credit score checks.