Calculate Your Oklahoma Mortgage Payment
Our calculator is pre-filled with Oklahoma's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with OK DefaultsMonthly Payment Breakdown for Oklahoma
Here's what your monthly payment looks like on the median Oklahoma home ($225,000) with 20% down at 6.5%:
Note: This estimate assumes 20% down payment ($45,000), no PMI. With less than 20% down, add $75-$150/month for PMI.
Oklahoma Property Taxes
Oklahoma's effective property tax rate is 0.85%, which is below the national average of 0.89%.
Annual Property Tax on $225,000 Home
$1,913
($159/month escrowed)
Buying a Home in Oklahoma: Key Facts
- Property tax rate of 0.85% is near national average
- Very affordable median home price of $225,000
- OHFA assistance is forgiven after 5 years of ownership
- HERO program provides extra assistance for essential workers
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Oklahoma First-Time Homebuyer Programs
Oklahoma has 35 homebuyer assistance programs that can help with down payment and closing costs.
OHFA Homebuyer Down Payment Assistance
Up to 3.5% of loan as forgivable second mortgage
Forgivable LoanOHFA HERO Program
Up to 5% assistance for teachers, first responders, healthcare, military
Forgivable LoanMortgage Credit Certificate
Up to 40% of mortgage interest as annual tax credit
Tax CreditEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Oklahoma
Home prices and property taxes can vary significantly by city. The median home price of $225,000 is a statewide average.
Oklahoma Mortgage FAQ
What is the property tax rate in Oklahoma?
The average effective property tax rate in Oklahoma is 0.85%. On a $225,000 home, that's approximately $1,913 per year or $159 per month added to your mortgage payment.
What is the median home price in Oklahoma?
The median home price in Oklahoma is $225,000 as of January 2026. Prices vary by location - Oklahoma City and Tulsa typically have higher prices than rural areas.
Are there first-time homebuyer programs in Oklahoma?
Yes, Oklahoma has 35 homebuyer assistance programs. Popular options include OHFA Homebuyer Down Payment Assistance, which offers up to 3.5% of loan as forgivable second mortgage.
How much do I need to buy a house in Oklahoma?
For the median Oklahoma home ($225,000), you'd need $45,000 for a 20% down payment, plus $6,750-$11,250 for closing costs. With down payment assistance, you could potentially buy with as little as $7,875 (3.5% FHA down payment).
Ready to Calculate?
Use our free mortgage calculator with Oklahoma property taxes pre-filled.
Calculate Your OK Mortgage Payment