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Mortgage Calculator — Tulsa, OK
Median home price in Tulsa: $200,000. Monthly payment: $1,064/month (20% down, 7%, 30yr). Property tax rate: 0.94%.
= $40,000
Monthly Payment
$1,064
Loan Amount
$160,000
Total Interest
$223,214
Total Cost
$423,214
Payment Breakdown
Down Payment$40,000 (9.5%)
Principal$160,000 (37.8%)
Total Interest$223,214 (52.7%)
Tulsa Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $1,307 | $908 | $167,046 |
| 6% | $1,350 | $959 | $185,341 |
| 6.5% | $1,394 | $1,011 | $204,071 |
| 6.75% | $1,416 | $1,038 | $213,593 |
| 7% | $1,438 | $1,064 | $223,214 |
| 7.25% | $1,461 | $1,091 | $232,934 |
| 7.5% | $1,483 | $1,119 | $242,748 |
| 8% | $1,529 | $1,174 | $262,648 |
Tulsa Property Tax & Total Housing Cost
Property Tax Rate
0.94%
$1,880/year
Monthly P&I
$1,064
20% down, 7%, 30yr
Est. Total Monthly
$1,221
P&I + property tax
Affordability in Tulsa
10% down ($20,000)$58,038/yr needed
15% down ($30,000)$55,186/yr needed
20% down ($40,000)$52,335/yr needed
25% down ($50,000)$49,484/yr needed
Based on 28% housing cost rule. Includes property tax.