Mortgage Rates in Lawton, Oklahoma — March 2026
Updated March 2026 | Based on Lawton market data and regional lending conditions
Lawton is a growing city in Oklahoma with a population of 93,535. The current 30-year fixed mortgage rate in Lawton is 6.76%, which is 0.11% above the national average. With a median home price of $135,000 and a 20% down payment of $27,000, homebuyers can expect a monthly principal and interest payment of approximately $701.
Current Mortgage Rates in Lawton, OK
Below are the current average mortgage rates available in the Lawton area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.36% | 6.25% | +0.11% |
| VA | 6.16% | 6.05% | +0.11% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Lawton Housing Market Overview
The Lawton housing market offers relatively affordable housing compared to many major cities. The median household income in Lawton is $42,250, and the cost of living index is 80.5 (national average = 100). Based on the 28% affordability rule, the median income in Lawton is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Lawton
Based on the median home price of $135,000 with 20% down ($27,000), here is what you can expect to pay monthly in Lawton:
15-Year vs. 30-Year Mortgage in Lawton
Choosing a 15-year mortgage in Lawton at 6% instead of a 30-year at 6.76% would save you $88,380 in total interest over the life of the loan. However, your monthly payment would be $911 instead of $701 — an increase of $210 per month.
Calculate Your Lawton Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Lawton
What are the current mortgage rates in Lawton, OK?
As of March 2026, the average 30-year fixed mortgage rate in Lawton, Oklahoma is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.36% and VA loans 6.16%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Lawton?
Based on the median home price of $135,000 with 20% down, the estimated monthly mortgage payment in Lawton is $701 for principal and interest. Including property taxes of $98/month, the total monthly housing cost is approximately $799.
What income do I need to buy a home in Lawton?
Using the 28% rule, you would need an annual income of approximately $34,243 to afford the median-priced home in Lawton at $135,000. The median household income in Lawton is $42,250. The median income is currently sufficient to meet this threshold.
Is Lawton a good place to buy a home in 2026?
Lawton offers a below-average cost of living with a cost of living index of 80.5 (national average = 100). The property tax rate in Oklahoma is 0.87%, which is near the national average. Lawton has a population of 93,535 and offers a very affordable lifestyle.
Mortgage Rates in Other Oklahoma Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Lawton, Oklahoma area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.