Oklahoma City, OK Mortgage Calculator
Estimate your monthly mortgage payment in Oklahoma City including property taxes, homeowners insurance, PMI, and 2026 loan limits.
Local Home Values & Affordability
At a median of $210,000, Oklahoma City sits 32% below the national median of $310,000 — making it one of the more affordable markets in our dataset and well within FHA financing range.
A 20% down payment on a median Oklahoma City home requires $42,000 in cash — or $7,350 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Property Tax in This Market
Based on the 0.88% effective rate and a median home value of $210,000, a typical homeowner in Oklahoma County pays approximately $1,848 in annual property taxes — or $154 per month added to their mortgage payment.
Oklahoma County's property tax rate of 0.88% is close to the national average of 1.10%. On a median-priced home of $210,000, expect an annual tax bill of approximately $1,848.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Oklahoma County averages around $3,000/year ($250/month) — roughly 88% above the national average of $1,600.
Premium quotes in Oklahoma County typically range from $2,000 to $4,500 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Oklahoma City home ($210,000) with FHA's minimum 3.5% down would borrow $202,650 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $168,000 stays $664,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
All FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55%–0.75% of the loan balance paid monthly. On a $202,650 FHA loan, expect approximately $93/month in ongoing MIP — added to principal, interest, taxes, and insurance.
Sources: HUD ML 2025-23, FHFA 2026, HUD MIP Rates 2023
Extra Monthly Payment
Estimated Monthly Payment
$1,516
Estimates are for educational purposes only and are not a loan offer or commitment to lend.
Loan Amount: $168,000
LTV: 0.01%
P&I Payment
$1,112
Total Interest
$232,346
over loan life
Payoff
30 yr
Closing Costs
$3,448–$6,436
est. range
Monthly Payment Breakdown
2026 Loan Limit Context
FHA Limit
$541,287
Conforming Limit
$832,750
Amortization Schedule
| Mo. | Payment | Principal | Interest | Balance | Total Interest |
|---|---|---|---|---|---|
| 1 | $1,112 | $139 | $973 | $167,861 | $973 |
| 2 | $1,112 | $140 | $972 | $167,721 | $1,945 |
| 3 | $1,112 | $141 | $971 | $167,580 | $2,917 |
| 4 | $1,112 | $142 | $971 | $167,439 | $3,887 |
| 5 | $1,112 | $142 | $970 | $167,297 | $4,857 |
| 6 | $1,112 | $143 | $969 | $167,153 | $5,826 |
| 7 | $1,112 | $144 | $968 | $167,009 | $6,794 |
| 8 | $1,112 | $145 | $967 | $166,865 | $7,761 |
| 9 | $1,112 | $146 | $966 | $166,719 | $8,728 |
| 10 | $1,112 | $146 | $966 | $166,572 | $9,693 |
| 11 | $1,112 | $147 | $965 | $166,425 | $10,658 |
| 12 | $1,112 | $148 | $964 | $166,277 | $11,622 |
2026 Loan Limits — Oklahoma County, OK
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
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