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Multnomah County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Multnomah County, Oregon based on real HMDA transaction records.

Loan Details

Multnomah County, OR Benchmarks

FHA averages
Typical Property Value$464,167
Average Down Payment8.7%
Average Interest Rate6.113%
Effective Tax Rate1.02%
Median Tax Paid$5,301/yr
Tax Growth (Historical)+1.6%
Based on 1,466 regional loans totaling $610,660,000 (HMDA database).
$
%

$40,383 down · $423,784 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$395 / month

$

Annual premium

$

Per month

%

$180 / month

Estimated Monthly Payment

$3,340/mo

  • Principal & Interest$2,616
  • Property Tax$395
  • Home Insurance$150
  • FHA MIP$180
Amortization · Remaining Balance

Financed Loan Amount

$431,201

Total Interest

$510,502

Total of Payments

$941,702

*Includes financed FHA Upfront MIP of $7,416

Local Market Insights

Multnomah County FHA Mortgage Overview

For Multnomah County homebuyers using an FHA loan, the 8.69% down payment and 91.31% loan-to-value ratio provide accessible entry but come with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of equity. This data reflects 100% primary residences, not investments. With an average property value of $464,167 and a 6.113% interest rate, the effective property tax rate of 1.02% and a 1.6% inflation-adjusted tax increase directly impact monthly affordability. When evaluating an FHA loan with PMI and taxes in Multnomah County, OR, the low down payment structure makes this ideal for buyers with sub-620 credit scores, though the MIP is permanent.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.