Oklahoma Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Oklahoma (OK). The median home price in Oklahoma is $185,900, with an effective property tax rate of 0.82% (ranked #26 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Oklahoma data.

Oklahoma Property Tax Information

Oklahoma has an effective property tax rate of 0.82%, ranking #26 among all 50 states. The median annual property tax is $1,520 ($127/month). Source: Tax Foundation 2025.

Oklahoma Loan Limits 2026

FHA loan limit in Oklahoma: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Oklahoma

For a median-priced home of $185,900 with 20% down ($37,180), at 6.5% interest over 30 years: estimated monthly principal and interest is $940, plus $127 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,192/month.

Oklahoma Closing Costs

Average closing costs in Oklahoma are $2,896 (1.08% of purchase price), ranked #37 nationally. Oklahoma does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Oklahoma Housing Market 2026

Home prices in Oklahoma have increased 3.2% year-over-year. Average days on market: 42. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Oklahoma

Oklahoma offers 2 down payment assistance programs through Oklahoma Housing Finance Agency (OHFA):

  • OHFA Dream (forgivable loan): Forgivable over 5 years. Competitive rates. - Up to Up to 3.5% of loan amount
  • OHFA Gold (forgivable loan): For first-time buyers with lower incomes. - Up to Up to 3.5% of loan amount

Contact OHFA: https://www.ohfa.org | Phone: 405-848-1144

Did You Know About Oklahoma?

  • Oklahoma has no transfer tax on real estate
  • Very affordable housing with median price under $200,000
  • Oklahoma City and Tulsa are primary markets
  • Energy sector influences local housing markets

Frequently Asked Questions About Buying a Home in Oklahoma

What is the average property tax rate in Oklahoma?

The effective property tax rate in Oklahoma is 0.82%, with a median annual tax of $1,520. This ranks #26 among all states.

What are the FHA loan limits in Oklahoma for 2026?

The FHA loan floor in Oklahoma is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Oklahoma?

Average closing costs in Oklahoma are $2,896, which is approximately 1.08% of the purchase price.

Are there first-time homebuyer programs in Oklahoma?

Yes, Oklahoma offers 2 down payment assistance programs through Oklahoma Housing Finance Agency, including grants, forgivable loans, and second mortgages.

Is Oklahoma a good place to buy a home in 2026?

With a median home price of $185,900 and moderate inventory, Oklahoma is currently a buyer's market. Home prices have increased 3.2% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.