Quick answer
The median home in Oklahoma City costs $210K. With 20% down ($42K) at 7% for 30 years, the monthly payment is $1,118/month. Total interest paid over 30 years: $234,375.
Calculator · OK · 2026
Mortgage Calculator for Oklahoma City, OK (2026)
Pre-filled with Oklahoma City's median home price of $210K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Oklahoma City Mortgage Payment Scenarios
Median home price: $210K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $10,500 | $199,500 | $1,327 | $1,793 | $278,320 |
| 10% | $21,000 | $189,000 | $1,257 | $1,699 | $263,672 |
| 20% | $42,000 | $168,000 | $1,118 | $1,510 | $234,375 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Oklahoma City
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $210K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$210K home · 20% down ($168K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Oklahoma City?
The median home price in Oklahoma City is $210K. With 20% down and a 30-year loan at 7%, the monthly payment is $1,118. Adding estimated property taxes and insurance brings total monthly costs to approximately $1,328.
Is it cheaper to rent or buy in Oklahoma City?
A 2-bedroom rental in Oklahoma City averages $1,150/month. Buying the median $210K home with 20% down costs approximately $1,328/month (mortgage + taxes + insurance) — $178 more than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Oklahoma City?
Using the 28% housing rule, you need at least $48K–57K in annual gross income to comfortably afford the median $210K home in Oklahoma City with 20% down. You also need $42K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Oklahoma City?
OK has a state income tax rate of 4.75%. Property taxes vary by county but on a $210K home, expect $175–$350/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.