Oklahoma City Mortgage Calculator
Estimate your monthly mortgage payment in Oklahoma City, OK. On the local median home value of $225,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $1,598. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,138
- Property Tax$169
- Home Insurance$292
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $13,653 | $2,012 | $11,641 | $177,988 |
| 2 | $13,653 | $2,147 | $11,506 | $175,841 |
| 3 | $13,653 | $2,290 | $11,362 | $173,551 |
| 4 | $13,653 | $2,444 | $11,209 | $171,107 |
| 5 | $13,653 | $2,607 | $11,045 | $168,500 |
| 6 | $13,653 | $2,782 | $10,871 | $165,718 |
| 7 | $13,653 | $2,968 | $10,684 | $162,749 |
| 8 | $13,653 | $3,167 | $10,485 | $159,582 |
| 9 | $13,653 | $3,379 | $10,273 | $156,203 |
| 10 | $13,653 | $3,606 | $10,047 | $152,597 |
| 11 | $13,653 | $3,847 | $9,806 | $148,750 |
| 12 | $13,653 | $4,105 | $9,548 | $144,645 |
| 13 | $13,653 | $4,380 | $9,273 | $140,265 |
| 14 | $13,653 | $4,673 | $8,980 | $135,592 |
| 15 | $13,653 | $4,986 | $8,667 | $130,606 |
| 16 | $13,653 | $5,320 | $8,333 | $125,287 |
| 17 | $13,653 | $5,676 | $7,977 | $119,610 |
| 18 | $13,653 | $6,056 | $7,596 | $113,554 |
| 19 | $13,653 | $6,462 | $7,191 | $107,092 |
| 20 | $13,653 | $6,895 | $6,758 | $100,198 |
| 21 | $13,653 | $7,356 | $6,296 | $92,841 |
| 22 | $13,653 | $7,849 | $5,804 | $84,992 |
| 23 | $13,653 | $8,375 | $5,278 | $76,617 |
| 24 | $13,653 | $8,936 | $4,717 | $67,682 |
| 25 | $13,653 | $9,534 | $4,119 | $58,147 |
| 26 | $13,653 | $10,173 | $3,480 | $47,975 |
| 27 | $13,653 | $10,854 | $2,799 | $37,121 |
| 28 | $13,653 | $11,581 | $2,072 | $25,540 |
| 29 | $13,653 | $12,356 | $1,296 | $13,184 |
| 30 | $13,653 | $13,184 | $469 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Oklahoma City (about $225,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Oklahoma's average effective rate of 0.90%. Within Oklahoma, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Oklahoma City. At $225,000 with a 20% down payment, you'd bring $45,000 to closing (plus closing costs) and take out a $180,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,138.
Annual costs on top of the loan. Oklahoma's average property tax rate is 0.90%, so a median-priced Oklahoma City home generates approximately $2,025 in annual property tax (about $169/mo when paid through escrow). Homeowner's insurance in Oklahoma averages around $3,500/year.
Total monthly payment (PITI) on the median Oklahoma City home works out to about $1,598 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Oklahoma-specific property taxes, see the Oklahoma Property Tax Calculator.