#21 Oklahoma Mortgage Calculator

Oklahoma mortgage calculator is a helpful tool for individuals in Oklahoma to estimate their mortgage payments based on factors like loan amount, interest rate, and loan term. It provides quick and accurate calculations to assist in financial planning for homebuyers in Oklahoma.

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Oklahoma Mortgage Calculator - 1

Current Mortgage Rates Oklahoma

The current mortgage rates in Oklahoma as of August 4, 2023 are:


Loan Type                               Interest Rate

Conventional 30-year fixed           7.84%

FHA 30-year fixed                       7.75%

VA 30-year fixed                       7.63%

USDA 30-year fixed                       7.50%


Must Read : Alabama Mortgage Calculator 

Jumbo Mortgage Rates Oklahoma

Jumbo mortgages are typically more expensive than conforming mortgages because they are considered to be riskier loans. [Oklahoma Mortgage Calculator]


As of August 4, 2023, the current jumbo mortgage rates in Oklahoma are:


30-year fixed: 8.125%

15-year fixed: 7.625%

Best Mortgage Lenders in Oklahoma

Here are some of the best mortgage lenders in Oklahoma, based on customer reviews and ratings:


  • Cornerstone Home Lending - Central Region
  • Local Lending Oklahoma
  • SWBC Mortgage Oklahoma City
  • NBKC Bank
  • Farmers Bank of Kansas City
  • New American Funding
  • First Horizon Bank
  • PNC Bank
  • Wells Fargo Home Mortgage
  • Sage Mortgage
  • Ally Bank
  • SoFi

Mortgage Brokers in Oklahoma

Here are some mortgage brokers in Oklahoma:


  • Cornerstone Home Lending - Central Region
  • Fox Financial - Home Loans & Insurance
  • Brett Baldwin Mortgage Team - Gateway Mortgage OKC
  • Mortgage Solutions of Oklahoma
  • Priority Mortgage Lenders
  • Allied Mortgage Corporation
  • Mortgage House Oklahoma
  • Oklahoma City Mortgage Corporation
  • Caliber Home Loans
  • United Wholesale Mortgage
  • Freedom Mortgage Corporation

Current Mortgage Rates Edmond

The current mortgage rates in Edmond, Oklahoma, are as follows:


Conventional Loan:       7.688% 

FHA Loan:                      7.625% 

VA Loan:                         7.563% 

USDA Loan:                   7.438%

Current Mortgage Rates Guthrie

The current mortgage rates in Guthrie, Oklahoma, on August 4, 2023, are as follows:

Conventional Loan:    7.913% 

FHA Loan:                  7.829% 

VA Loan:                    7.713% 

USDA Loan:               7.588% 



Read Also:  Mortgage Calculator Wisconsin 

Current Mortgage Rates Del City

The current mortgage rates in Del City, Oklahoma, on November 3, 2023, are as follows:


Conventional Loan: 7.938%

FHA Loan:             7.854%

VA Loan:              7.738%

USDA Loan:              7.613%

Current Mortgage Rates Stillwater

The current mortgage rates in Stillwater, Oklahoma, on November 3, 2023, are as follows:

Conventional Loan: 7.87%

FHA Loan: 7.75%

VA Loan: 7.63%

USDA Loan: 7.50%

Current Mortgage Rates Norman

As of November 5, 2023, here are the current mortgage rates in Norman, Oklahoma:

Conventional Loan: 8.032%

FHA Loan: 7.109%

VA Loan: 7.60%

USDA Loan: 7.54%

Current Mortgage Rates Muskogee

As of November 7, 2023, the average mortgage rates in Muskogee, Oklahoma, are as follows:

Conventional Loan: 8.21%

FHA Loan: 7.35%

VA Loan: 7.49%

USDA Loan: 7.36%

Current Mortgage Rates Ponca City

As of November 7, 2023, the average mortgage rates in Ponca City, Oklahoma, are as follows:

Conventional Loan: 8.231%

FHA Loan: 7.994%

VA Loan: 7.794%

USDA Loan: 7.673%

Lowest Mortgage Rates in Oklahoma

As of November 7, 2023, the lowest mortgage rates in Oklahoma are for USDA loans, followed by VA loans, FHA loans, and conventional loans. the current average rates for each type of loan are as follows:

  • USDA loan: 30 years, 7.125%
  • VA loan: 30 years, 7.125%
  • FHA loan: 30 years, 7.250%
  • Conventional loan: 30 years, 7.375%
  • Conventional loan: 20 years, 7.125%
  • Conventional loan: 15 years, 6.875%

Credit Score To Buy A House In Oklahoma

The minimum credit score to buy a house in Oklahoma varies depending on the type of mortgage you are looking for. For conventional loans, the minimum credit score is typically 620. However, you can get a conventional loan with a credit score as low as 580 if you make a 20% down payment. [Oklahoma Mortgage Calculator]

Commercial Mortgage Rates in Oklahoma

As of November 7, 2023, commercial mortgage rates in Oklahoma range from 5.58% to 15.2%, depending on the loan program. The average commercial mortgage rate in Oklahoma is 6.19%.

Here is a table of the average commercial mortgage rates in Oklahoma for different loan programs:

Conventional             6.07% - 10.70%

Conduit / CMBS        6.08% -  7.69%

Insurance                  5.58% - 8.09%

FHA / HUD                5.57% - 6.42%

Mortgage Rates Oklahoma History

Here is a table of the average annual mortgage rates in Oklahoma from 2012 to 2023:


Year            Average 30-year fixed mortgage rate in Illinois

2012                            4.15%

2013                            4.10%

2014                            3.99%

2015                            4.09%

2016                            3.93%

2017                            4.00%

2018                            4.60%

2019                            3.83%

2020                            3.11%

2021                            2.96%

2022                            3.12%

2023                            7.90%

Current FHA Mortgage Rates Oklahoma

As of November 7, 2023, the average FHA mortgage rate in Oklahoma is 7.250%. This rate is for borrowers with good credit and a 20% down payment. Rates may vary depending on the lender, the loan amount, and the borrower's credit score.

Here is a table of the average FHA mortgage rates in Oklahoma for different loan terms:

Loan Term       Average Interest Rate

30 Years          7.250%

15 Years          6.825%

10 Years          6.500%

Current VA Mortgage Rates Oklahoma

As of November 7, 2023, the average VA mortgage rate in Oklahoma is 7.125%. This rate is for borrowers with good credit and a 20% down payment. Rates may vary depending on the lender, the loan amount, and the borrower's credit score.

Here is a table of the average VA mortgage rates in Oklahoma for different loan terms:

Loan Term       Average Interest Rate

30 Years          7.125%

15 Years          6.675%

10 Years          6.325%

Refinance Rates Oklahoma Today

As of today, November 7, 2023, the average refinance rates in Oklahoma are as follows:

Loan Type              Terms           Interest Rate

Conventional           30 Years            7.99%

FHA                         30 Years            7.625%

VA                            30 Years            7.563%

USDA                       30 Years            7.438%

Oklahoma Mortgage Fees

Oklahoma mortgage fees are typically between 1% and 3% of the total loan amount. These fees cover the costs of processing the loan, including underwriting, appraisals, title insurance, and other miscellaneous expenses.

Here is a breakdown of some of the common mortgage fees in Oklahoma:

  • Underwriting fee: This fee is charged by the lender to review your credit report, verify your income and assets, and assess your overall financial risk. The underwriting fee typically ranges from 0.5% to 1% of the loan amount.

  • Appraisal fee: This fee is charged by an appraiser to determine the fair market value of the property which you are purchasing.

  • Title insurance fee: This fee protects you from financial losses if there are any liens or encumbrances on the property title. Title insurance typically costs between 0.5% and 1% of the loan amount.

  • Origination fee: This fee is debited by the lender to cover the costs of arising the loan. The origination fee typically ranges from 1% to 2% of the loan amount.

  • Discount points: Discount points are upfront fees that you can pay to lower your interest rate. Each discount point typically costs 1% of the loan amount and lowers your interest rate by 0.25%. [Oklahoma Mortgage Calculator]

Oklahoma mortgage calculator-FAQs:

How do you calculate a loan?

To calculate a loan, you need to consider the loan amount, interest rate, and loan term. Using formulas such as the amortization formula, you can determine the monthly payment amount, total interest paid, and remaining balance over time.

How do you calculate monthly interest?

Monthly interest is calculated by multiplying the loan amount by the monthly interest rate. This can be obtained by dividing the annual interest rate by 12. The resulting amount represents the interest portion of the monthly payment.

How do banks calculate interest?

Banks calculate interest based on factors such as the loan amount, interest rate, and loan term. They use formulas to determine the monthly interest amount, which is added to the principal to calculate the monthly payment.

Is Oklahoma a good state to buy a house?

Yes, Oklahoma can be a good state to buy a house for several reasons. It offers affordable housing options, a low cost of living, a stable economy, and various cultural and recreational attractions. However, individual preferences and circumstances may vary.

Can foreigners buy a house in Oklahoma?

Yes, foreigners can buy a house in Oklahoma. Non-U.S. citizens are eligible for mortgage loans, subject to certain requirements. These requirements may include proof of legal residency, employment status, and a valid U.S. tax identification number.

Why is Oklahoma so cheap to live?

Oklahoma is relatively cheaper to live in due to factors such as low housing costs, lower taxes compared to some other states, and a lower overall cost of living. The cost of living can vary depending on the location within the state and individual lifestyle choices.

#21 Oklahoma Mortgage Calculator