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How much can you expect to pay in mortgage payments in Portland, OR in 2026? Of course, there are several variables that can affect a homeowner’s monthly payments. Your monthly payment could be quite different from this figure.
Based on current median home prices in Portland, OR (around $516,539), and the current mortgage rate of 6.09%, the average monthly payment on a 30-year mortgage in Portland was approximately $2,977 as of January 2026 (based on a 20% down payment).
Mortgage rates are constantly fluctuating with the changing market. Variable factors such as mortgage bond markets and the Federal Reserve are used to determine the daily rate.
That said, mortgage rates have been dipping over the past year. As of the last week of January 2026, the rate on a 30-year fixed-rate mortgage was 6.09%, compared to 6.96% one year earlier.
At the same time, home values in Portland, OR have also been stable over the past year. In fact, prices in the city are 1.5% lower today than they were a year ago.
Given these factors, the average monthly mortgage payment in Portland may be slightly lower today than it was last year.
Unfortunately, there is no official data source that tracks and records average mortgage payments (at least, not at the local level). However, we can get an accurate estimate on mortgage payments by examining: (A) current home prices in Portland, and (B) average mortgage rates.
By plugging these numbers into a mortgage calculator, we can find an accurate estimate of the monthly mortgage payments for a 30-year fixed-rate mortgage in Portland, OR.
This exercise is very helpful for home buyers because it clearly illustrates current market conditions and mortgage rate trends. Let’s take a look!
For the sake of simplicity, we’ve left out property taxes, and private mortgage insurance. Depending on the property value and the exact location, property taxes could add another $200 to $300 per month, or more.
If a down payment of less than 20% is applied to the purchase of the home, private mortgage insurance may also have to be obtained adding additional monthly charges. However, by using this simple calculation, you can get a general idea of monthly mortgage payments in Portland OR, in 2026.
Disclaimer: As you can see, there are many variables that determine the amount of a homeowner’s monthly mortgage payment, and we have only included a few here. Actual payments will vary based on the exact size and term of the loan. The mortgage rate, discount points paid at closing, and other factors, as well will determine the total monthly payment.
The goal of this article is to offer some basic insight into the average monthly mortgage payment in Portland. More importantly, this exercise illustrates how you might estimate your own monthly payments, and what factors can influence them.
At Sammamish Mortgage, our loan officers can help you choose the right loan product and keep your mortgage payment in Portland, OR, within your budget
Sammamish Mortgage has been in business since 1992, and has assisted many homebuyers in the Pacific Northwest. If you are looking for mortgage financing in Washington State, we can help you get preapproved. Sammamish Mortgage offers mortgage programs in Colorado, Idaho, Oregon, Washington, and California, including our Diamond Homebuyer Program, Cash Buyer Program, and Bridge Loans.
Contact a loan officer if you have any mortgage-related questions or concerns. If you are ready to move forward, you can view rates, obtain a customized instant rate quote, or apply instantly directly from our website.
Whether you’re buying a home or ready to refinance, our professionals can help.
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.
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