Mortgage Calculator — Pennsylvania
Pre-filled with Pennsylvania's average home price of $275000, property tax rate of 1.36%, and average insurance of $1600/year. Adjust any value below.
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Pennsylvania Housing Market
Pennsylvania's housing market varies significantly by region. Philadelphia's suburbs command prices above the state median, while Pittsburgh offers some of the best affordability among major US metro areas.
Affordability in Pennsylvania
Pittsburgh consistently ranks among the most affordable large US cities for home buyers. Philadelphia's outer suburbs offer value compared to NJ counterparts. Rural PA markets provide entry-level opportunities well under $200,000.
Key Markets
First-Time Buyer Programs in Pennsylvania
Keystone Home Loan
Fixed-rate first mortgage for first-time buyers and veterans, with income and price limits.
Keystone Advantage Assistance
Second loan toward down payment and closing costs, repaid over 10 years at 0% interest.
K-FIT
Keystone Forgivable in Ten Years: down payment help forgiven 10% per year over a decade.
Programs are run by the Pennsylvania Housing Finance Agency (PHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Pennsylvania
Pennsylvania property taxes are mostly school-district taxes, and counties rarely reassess, so bills vary widely. The Homestead/Farmstead Exclusion, funded by gaming revenue, lowers school taxes for primary residences. At Pennsylvania's average effective rate of 1.36%, a $275,000 home pays roughly $3,740/year (about $312/month).
Pennsylvania Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Pennsylvania
Pennsylvania's realty transfer tax is 1% to the state plus usually 1% local (about 2% in total), and buyer and seller customarily split it. Philadelphia's combined rate is over 4%, which makes it one of the most expensive places in the US to close.
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