Pennsylvania Mortgage Calculator

Calculate your monthly mortgage payment in Pennsylvania. Pre-filled with Pennsylvania's average property tax rate of 1.53%. See principal, interest, PMI, property taxes, and insurance.

$70,000

Monthly Payment Breakdown

Principal & Interest
$1,770
Property Tax
$446
Homeowner's Insurance
$100
Total Monthly Payment
$2,316

Loan Summary

Home Price
$350,000
Down Payment
$70,000
Loan Amount
$280,000
Total Interest
$357,125
Total Cost(P&I + down payment)
$707,124

See how this mortgage fits your financial plan

Your estimated payment is $2,316/month. See how it fits alongside your income, savings, investments, and other expenses over time.

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Pennsylvania Housing Overview

Pennsylvania has an average property tax rate of 1.53%. Pennsylvania's cost of living is about 2% below the national average, with Philadelphia and Pittsburgh being near average.

Property Tax: 1.53%Flat 3.07% rate (very low)Philadelphia city wage tax (~3.75%)No tax on any retirement income

Buying a Home in Pennsylvania

If you're considering buying a home in Pennsylvania, understanding the local housing market and costs is essential. Property taxes, insurance rates, and home prices vary significantly by area within the state. This calculator pre-fills Pennsylvania's average property tax rate of 1.53% to give you a more accurate estimate.

Pennsylvania Property Taxes

Pennsylvania has an average effective property tax rate of 1.53%. Property taxes are a significant component of your monthly housing cost — on a $350,000 home, a 1.53% rate means approximately $5355 per year, or $446 per month in property taxes alone.

Cost of Living in Pennsylvania

Pennsylvania's cost of living is about 2% below the national average, with Philadelphia and Pittsburgh being near average. When evaluating whether to buy a home in Pennsylvania, consider how your mortgage payment plus other housing costs fit within the recommended 28% of gross income guideline.

Financial Tips for Pennsylvania Homebuyers

  • Pennsylvania's 3.07% rate is among the lowest — but Philadelphia adds a city wage tax of ~3.75%
  • Pennsylvania does not tax retirement income including 401(k), IRA, and Social Security
  • Pennsylvania's moderate cost of living and access to both Philadelphia and Pittsburgh metros offer diverse opportunities
  • Pittsburgh's tech and healthcare sectors are rapidly growing

Key Pennsylvania Features

  • Flat 3.07% rate (very low)
  • Philadelphia city wage tax (~3.75%)
  • No tax on any retirement income
  • Growing Pittsburgh tech sector

See How Your Pennsylvania Mortgage Fits Your Financial Plan

This calculator shows your Pennsylvania mortgage payment. Trajectoryy's full simulator shows how that payment fits alongside your income, taxes, savings, investments, and more.

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Compare Pennsylvania Mortgage Costs with Other States

New York1.46% property taxNew Jersey2.23% property taxDelaware0.56% property taxCalifornia0.71% property taxNew York1.46% property taxTexas1.80% property tax

Frequently Asked Questions

What is the average property tax rate in Pennsylvania?
The average effective property tax rate in Pennsylvania is approximately 1.53%. This rate is applied to the assessed value of your property, which may differ from the market value depending on Pennsylvania's assessment practices. Property tax rates can also vary significantly by county and municipality within the state.
How much does a typical mortgage payment cost in Pennsylvania?
Your mortgage payment in Pennsylvania depends on the home price, your down payment, interest rate, and loan term. With Pennsylvania's average property tax rate of 1.53%, property taxes add a meaningful amount to your monthly payment. Use the calculator above with your specific numbers to get an accurate estimate.
Is Pennsylvania an affordable state to buy a home?
Pennsylvania's cost of living is about 2% below the national average, with Philadelphia and Pittsburgh being near average. When evaluating affordability in Pennsylvania, consider not just the home price but also property taxes (1.53% average), homeowner's insurance costs, and any HOA fees common in your area.
How do Pennsylvania property taxes compare to other states?
Pennsylvania's average property tax rate of 1.53% can be compared against the national average of roughly 1.1%. States like New Jersey (2.23%) and Illinois (1.97%) have among the highest rates, while Hawaii (0.28%) and Alabama (0.40%) have among the lowest.
What first-time homebuyer programs are available in Pennsylvania?
Most states, including Pennsylvania, offer first-time homebuyer programs through their state housing finance agency. These typically include down payment assistance, below-market interest rates, and closing cost grants. Check with Pennsylvania's housing authority and the FHA, VA, and USDA loan programs for additional options.

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