Mortgage Calculator for Pennsylvania — Includes Property Tax & Insurance
In Pennsylvania, the median home costs $270,000, and property taxes there are higher than the typical U.S. state at an average of 1.58% of assessed value — which adds roughly $356 to the monthly payment on a median-priced Pennsylvania home. Homeowners insurance in Pennsylvania averages $1,200 a year ($100/month), below the national average. Putting 20% down at Pennsylvania's typical 30-year fixed rate of 7%, your full PITI payment — principal, interest, taxes, and insurance — comes to about $1,893 per month. The calculator below is pre-filled with these Pennsylvania figures so you can adjust any input and see the impact instantly.
A buyer earning Pennsylvania's median household income of $73,000 would dedicate roughly 31% of gross monthly income to housing — moderately stretched by the standard 28% guideline.
Median Home Price
$270,000
Avg 30-yr Rate
7%
Property Tax Rate
1.58%/yr
Est. Monthly PITI
$1,893
Mortgage Calculator
Total Monthly Payment
$1,892.55
Loan Amount
$216,000
Total Paid
$517,339
Total Interest
$301,339
How to Get a Mortgage in Pennsylvania
- 1 Check your credit score. In Pennsylvania, most conventional lenders require 620+; FHA allows 580+ with 3.5% down.
- 2 Save for your down payment. On a $270,000 Pennsylvania home, 20% down is $54,000 — avoiding PMI and reducing your monthly payment.
- 3 Get pre-approved from 2–3 lenders. Rates in Pennsylvania average 7%, but shopping lenders often saves 0.25–0.5%.
- 4 Account for closing costs — typically 2–5% of the loan amount, or $6,480–$10,800 on a median Pennsylvania purchase.
- 5 Budget for ongoing costs: Pennsylvania property taxes average 1.58%/yr ($4,266/yr on the median home), plus homeowner's insurance averaging $1,200/yr.
Monthly Cost Breakdown — Median Pennsylvania Home
Excludes HOA fees, PMI (not required with 20% down), and utilities.
Pennsylvania Mortgage FAQs
What is the average home price in Pennsylvania?
The median home price in Pennsylvania is $270,000 (2024 estimate). With a typical 20% down payment of $54,000, a buyer would finance $216,000 at a 30-year fixed rate.
What are property taxes like in Pennsylvania?
Pennsylvania has an average effective property tax rate of 1.58% of assessed home value. On a $270,000 home, that's approximately $4,266 per year ($356/month) — above the national average of 1.07%.
How much income do I need to buy a home in Pennsylvania?
To keep housing costs at or below the recommended 28% of gross monthly income on a median-priced Pennsylvania home, you'd need to earn roughly $81,109 per year. The state's median household income is $73,000, meaning the typical household allocates about 31% of gross income to housing — moderately stretched.
What is the average mortgage rate in Pennsylvania?
The average 30-year fixed mortgage rate in Pennsylvania is approximately 7% (2024 average). Rates vary by lender, credit score, loan-to-value ratio, and loan type. Borrowers with credit scores above 740 typically qualify for the best available rates.
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