Mortgage Calculator & Closing Costs: Stillwater, OK
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Stillwater, Oklahoma.
Median Home Price
$215K
Population
50K
Avg Monthly Rent
$980
Property Tax Rate
0.88% *
* Property tax shown is the Oklahoma state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Stillwater.
Stillwater vs Oklahoma Median
The median home price in Stillwater is $215,000, which is roughly in line with the Oklahoma state median of $210,000.
Mortgage Calculator — Stillwater, OK
Pre-filled with Stillwater median home price and Oklahoma tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using Oklahoma's 0.88% tax rate and $3,600/yr insurance.
5% Down
$1,868/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $158
Insurance: $300
PMI: $119
10% Down
$1,794/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $158
Insurance: $300
PMI: $113
20% Down (No PMI)
$1,545/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $158
Insurance: $300
Income needed (28% rule): $66K/year with 20% down, $77K/year with 10% down.
Rent vs Buy in Stillwater
Rent
$980/mo
vs
Buy (10% down)
$1,794/mo
Price-to-rent ratio: 18.3 — A ratio between 15-20 means the rent vs buy decision in Stillwater depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Stillwater is $215,000, roughly in line with the Oklahoma state median of $210,000. With a population of 50,350, Stillwater is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Oklahoma average 0.88% annually. This moderate property tax rate means a $215,000 home in Stillwater would carry roughly $158/month in property taxes. Homeowners insurance in Oklahoma runs approximately $3,600 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Stillwater is $980/month. The price-to-rent ratio in Stillwater is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Stillwater offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Oklahoma's OHFA Homebuyer DPA program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Stillwater.