Mortgage Calculator in Pennsylvania

Pennsylvania's housing market spans a wide range of prices — from Philadelphia's competitive suburban market to affordable rural regions in the center and west of the state. The median home price of $283,000 reflects that range and keeps entry accessible for many working families. Property taxes average 1.58% annually, adding about $4,471 per year on a median-priced home — a meaningful carrying cost, particularly in districts with high school property tax assessments. One significant consideration is closing costs: Pennsylvania averages 3.5% of the purchase price at closing, the highest in this batch by a significant margin. On a $283,000 home, that means roughly $9,905 in closing costs before the down payment. First-time buyers can access the PHFA Keystone Home Loan for reduced rates and the HOMEstead Down Payment Assistance for additional support. A 10% standard down payment adds another $28,300. The mortgage calculator lets you see exactly how Pennsylvania's elevated closing costs factor into your total cash-to-close requirement and what that means for your budget.