Mortgage Calculator in Pennsylvania

Calculate your monthly mortgage payment in Pennsylvania using the 2026 median home price of $255K and current local rates. Adjust the inputs below to match your situation.

Pennsylvania Housing Market at a Glance (2026)

$255K

Median Home Price

6.83%

Avg Mortgage Rate

1.58%

Property Tax Rate

10%

Typical Down Payment

Buying a Home in Pennsylvania: Costs to Know

Average closing costs3.5% of purchase price

On a $255K home, closing costs ≈$8,925

Median household income$67,000/yr

State income tax (top rate)3.07%

First-Time Buyer Programs in Pennsylvania

Pennsylvania offers state-sponsored programs that can reduce your down payment or closing costs:

✓PHFA Keystone Home Loan
✓HOMEstead Down Payment Assistance

How Mortgage Payments Work in Pennsylvania

A standard mortgage payment in Pennsylvania is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $255K home in Pennsylvania with a 10% down payment at 6.83% over 30 years, your principal and interest payment comes to approximately $1,501/month— not including property taxes or homeowner's insurance.

Pennsylvania's property tax rate of 1.58% adds roughly $336/month to your total housing cost on a $255K home. This rate is above the national average of ~1.1%, so factor it carefully into your budget.

Pennsylvania vs. National Average

Metric	Pennsylvania	National Avg
Median Home Price	$255,000	$420,000
Property Tax Rate	1.58%	1.07%
Avg Mortgage Rate	6.83%	6.85%
Cost of Living Index	98	100

Frequently Asked Questions — Mortgage Calculator in Pennsylvania

What is the average mortgage payment in Pennsylvania?+

Based on the median home price of $255K in Pennsylvania with a 10% down payment and 6.83% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $1,501. Adding property taxes (~$336/mo) and homeowner's insurance, total PITI is typically $1,987–$2,087/month.

What is the property tax rate in Pennsylvania?+

Pennsylvania has an average effective property tax rate of 1.58%. On the median home price of $255K, that equals roughly $4,029 per year — or $336 added to your monthly mortgage payment. This is above the national average of ~1.1%, so budget carefully.

How much down payment do I need to buy a home in Pennsylvania?+

The typical down payment in Pennsylvania is 10% — about $25,500 on the median $255K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like PHFA Keystone Home Loan.

What are closing costs in Pennsylvania?+

Average closing costs in Pennsylvania are approximately 3.5% of the purchase price — about $8,925 on the median $255K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in Pennsylvania?+

To afford the $255K median home in Pennsylvania under the 28% housing-cost rule, you need a gross monthly income of at least $7,096 — roughly $85K/year. The median household income in Pennsylvania is $67,000.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.