Quick answer
The median home in Eugene costs $445K. With 20% down ($89K) at 7% for 30 years, the monthly payment is $2,368/month. Total interest paid over 30 years: $496,652.
Calculator · OR · 2026
Mortgage Calculator for Eugene, OR (2026)
Pre-filled with Eugene's median home price of $445K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Eugene Mortgage Payment Scenarios
Median home price: $445K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $22,250 | $422,750 | $2,813 | $3,800 | $589,774 |
| 10% | $44,500 | $400,500 | $2,665 | $3,600 | $558,733 |
| 20% | $89,000 | $356,000 | $2,368 | $3,200 | $496,652 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Eugene
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $445K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$445K home · 20% down ($356K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Eugene?
The median home price in Eugene is $445K. With 20% down and a 30-year loan at 7%, the monthly payment is $2,368. Adding estimated property taxes and insurance brings total monthly costs to approximately $2,813.
Is it cheaper to rent or buy in Eugene?
A 2-bedroom rental in Eugene averages $1,700/month. Buying the median $445K home with 20% down costs approximately $2,813/month (mortgage + taxes + insurance) — $1,113 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Eugene?
Using the 28% housing rule, you need at least $102K–121K in annual gross income to comfortably afford the median $445K home in Eugene with 20% down. You also need $89K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Eugene?
OR has a state income tax rate of 9.9% (top). Property taxes vary by county but on a $445K home, expect $371–$742/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.