FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.284% APR and $3,380 monthly payment at 70% loan-to-value (LTV) and 2.014 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 6.838% APR and $3,369 monthly payment at 70% loan-to-value (LTV) and 1.725 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 6.762% APR and $4,154 monthly payment at 70% loan-to-value (LTV) and 1.945 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.135% APR and $3,429 monthly payment at 70% loan-to-value (LTV) and 2.129 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $8,308 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.
Estimated property taxes are based on a 1.09% effective rate for Oklahoma County, Oklahoma, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $8,110 for Oklahoma City, OK, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.700% APR and $3,469 monthly payment at 70% loan-to-value (LTV) and 2.069 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.049% APR and $3,411 monthly payment at 70% loan-to-value (LTV) and 2.399 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.099% APR and $4,203 monthly payment at 70% loan-to-value (LTV) and 2.252 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.420% APR and $3,488 monthly payment at 70% loan-to-value (LTV) and 2.218 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $8,389 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.
Estimated property taxes are based on a 1.09% effective rate for Oklahoma County, Oklahoma, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $8,110 for Oklahoma City, OK, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
Fixed 20-Year HELOC: Interest rate offered based on $100,000 loan amount with 9.875% APR and $956 monthly payment at 20% loan-to-value (LTV) and 0.235 discount points. Payment is Principal and Interest example only. Rate shown is current as of October 28, 2026.
Fixed 30-Year HELOC: Interest rate offered based on $100,000 loan amount with 10.375% APR and $905 monthly payment at 20% loan-to-value (LTV) and -0.047 discount points. Payment is Principal and Interest example only. Rate shown is current as of October 28, 2026.
Home equity lines shown assume a 3-year draw period, a $25,000 minimum initial draw, a $99 annual fee, a $100 minimum payment. Repayment period is 204 and 324 months, following the draw period. Terms are an example only and vary by line amount, property and credit profile.
Conventional 30-Year Cash-Out Refinance: Interest rate offered based on $300,000 loan amount with 7.692% APR and $3,137 monthly payment at 70% loan-to-value (LTV) and 2.276 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 28, 2026.
Estimated property taxes are based on a 1.09% effective rate for Oklahoma County, Oklahoma, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.
Estimated homeowners insurance is based on an average annual premium of $8,110 for Oklahoma City, OK, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.
Estimated monthly payment includes principal, interest, estimated Oklahoma City, OK property taxes, and estimated homeowners insurance.
In Oklahoma City, homes are selling in about 60 days (5 slower than a year ago), sales are up 10.9% from last year, and about 26% of listings have had a price cut.
Monthly payments on Oklahoma City's median home price of $255,990 (September 2026), at today's rates.
20% down · Conventional
$2,254/mo
Down payment
$51,198
Loan amount
$204,792
Rate / APR
6.875% / 7.135%
Principal & interest
$1,345
Est. property tax
$233
Est. homeowners insurance
$676
5% down · Conventional
$2,506/mo
Down payment
$12,800
Loan amount
$243,191
Rate / APR
6.875% / 7.135%
Principal & interest
$1,598
Est. property tax
$233
Est. homeowners insurance
$676
3.5% down · FHA
$2,497/mo
Down payment
$8,960
Loan amount
$251,353
Rate / APR
6.500% / 7.284%
Principal & interest
$1,589
Est. property tax
$233
Est. homeowners insurance
$676
Payments include principal and interest at the rates and APRs above, estimated Oklahoma City property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues.
The FHA loan amount includes the 1.75% upfront mortgage insurance premium.
These are examples based on the median price, not the sample loan used in the rate table above.
How much income do you need to buy a home in Oklahoma City?
A common lender guideline is to keep your total housing payment (principal and interest at the rates and APRs above, estimated Oklahoma City property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Oklahoma City's $255,990 median home:
20% down · Conventional$2,254/mo payment$96,588/yrabout $8,049/mo before taxes
5% down · Conventional$2,506/mo payment$107,398/yrabout $8,950/mo before taxes
3.5% down · FHA$2,497/mo payment$107,018/yrabout $8,918/mo before taxes
Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.
What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.
Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.
How rates change your payment
Principal and interest at today’s 6.875% (7.135% APR) and nearby rates on a $204,792 loan (the Oklahoma City median price with 20% down). Every 0.25% is worth about $34/mo. APR is shown for today’s rate only; your APR at other rates depends on points and fees.
Rate
5.88%
6.13%
6.38%
6.63%
6.88% today
7.13%
Monthly P&I
$1,211
$1,244
$1,278
$1,311
$1,345
$1,380
Ways to make a Oklahoma City home more affordable
Negotiate on price. About 26% of Oklahoma City listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 60 days to sell, 5 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $68 a month.
Compare loan types. FHA rates are at 6.500% vs. 6.875% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.
Oklahoma City mortgage and home buying FAQs
What are mortgage rates in Oklahoma City today?
As of October 28, 2026, Lower’s 30-year fixed conventional rate in Oklahoma City is 6.875% (7.135% APR), and the 30-year FHA rate is 6.500% (7.284% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.
What is the monthly payment on a median-priced home in Oklahoma City?
On Oklahoma City’s $255,990 median home price, a 30-year conventional loan with 20% down at 6.875% (7.135% APR) comes to about $2,254 a month, including principal and interest at that rate and APR, estimated Oklahoma City property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down at 6.500% (7.284% APR), it’s about $2,497 a month before monthly mortgage insurance.
How much income do I need to buy a house in Oklahoma City?
To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $96,588 a year to buy Oklahoma City’s $255,990 median home with 20% down, or about $107,018 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.
How much do I need for a down payment in Oklahoma City?
On the $255,990 median home, 20% down is $51,198, 5% down is $12,800, and the FHA minimum of 3.5% is $8,960. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.
Is it a buyer’s or seller’s market in Oklahoma City right now?
In the latest Movoto market trends data, Oklahoma City homes sold in about 60 days, 5 days slower than a year earlier. 3068 homes sold, up from 2766 the year before, and about 26% of the 3293 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.
How much does a quarter-point rate change affect payments in Oklahoma City?
On a $204,792 loan (the median Oklahoma City home with 20% down) at today’s 6.875% (7.135% APR), each 0.25% change in rate moves the principal and interest payment by about $34 a month, or about $408 a year.
How much are property taxes in Oklahoma City?
Lower estimates Oklahoma City property taxes at about 1.09% of a home’s value per year. On the $255,990 median home, that’s roughly $2,790 a year, or $233 a month. Your actual bill depends on your assessed value and any exemptions.
Movoto market trends data. Homeowners insurance estimates are based on average annual premiums in Oklahoma City from The Zebra; your quote will vary. Rates as of October 28, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.
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