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Pennsylvania mortgage calculator

The median home in Pennsylvania runs about $270,000. With 20% down that's a loan near $216,000 — the calculator is pre-filled with that figure. Pennsylvania's property tax rate is above average and set mostly by school districts, so the bill on similar homes can differ widely by municipality. Home prices remain moderate outside the Philadelphia collar counties.

$1,402.41 / month

Total interest
$288,865
Total paid
$504,865
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$54k$108k$162k$216k0612182430Year

How it works

A full Pennsylvania payment is more than principal and interest. At the state's 1.49% effective property tax rate, a $270,000 home owes about $4,023 a year in tax, and homeowners insurance averages roughly $1,300 a year here. Together those add about $444 to the monthly payment before any HOA dues or PMI.

Pennsylvania's median household income is about $76,000, or $6,333 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,773 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Pennsylvania sell in about 35 days on average.

Frequently asked questions

What is a typical mortgage payment in Pennsylvania?
On the state's roughly $270,000 median home with 20% down, the loan is about $216,000. Principal and interest depend on your rate; on top of that, Pennsylvania's 1.49% effective property tax rate and about $1,300 a year in homeowners insurance add roughly $444 per month to the payment.
How much are property taxes on a home in Pennsylvania?
Pennsylvania's effective property tax rate averages about 1.49% of market value — roughly $4,023 a year on the $270,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Pennsylvania?
The average Pennsylvania homeowners policy runs about $1,300 a year. Pennsylvania's property tax rate is above average and set mostly by school districts, so the bill on similar homes can differ widely by municipality. Home prices remain moderate outside the Philadelphia collar counties.
Can I afford a home in Pennsylvania on the median income?
Pennsylvania's median household income is about $76,000 a year, or $6,333 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,773 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Pennsylvania?
A for-sale home in Pennsylvania spends about 35 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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