Oklahoma City, OK variant. This is a Oklahoma City, OK-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Oklahoma City's $220,000 median home and 1.05% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Oklahoma City
On the $220,000 median home with 20% down ($44,000), you'd finance $176,000. At 6.5% over 30 years, P&I ≈ $1,112/month.
Add Oklahoma City's 1.05% property tax (≈ $193/month) plus insurance for the all-in payment.
About Oklahoma City, OK
Oklahoma City applies Oklahoma's state and local sales taxes, while the broader tax burden remains relatively modest.
Oklahoma City offers some of the more affordable home prices among large US metros.
Oklahoma City's economy is anchored by the energy sector, alongside government and aerospace, and its overall cost of living is well below the national average.
Worked example: $220,000 Oklahoma City home
Loan $176,000 at 6.5% for 30 years → $1,112/mo P&I. Property tax ≈ $193/mo. Total before insurance ≈ $1,305/mo.
Quick reference
- Median home value: $220,000
- Median rent: $1,200/mo
- Median household income: $65,135
- Local sales tax: 8.625%
- Effective property tax rate: 1.05%
- Cost of living index: 84 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Oklahoma City?
About $1,112/month P&I on the $220,000 median home with 20% down at 6.5%.
What is the property tax rate in Oklahoma City?
About 1.05% of home value per year.