Pennsylvania Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Pennsylvania (PA). The median home price in Pennsylvania is $240,500, with an effective property tax rate of 1.35% (ranked #12 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Pennsylvania data.

Pennsylvania Property Tax Information

Pennsylvania has an effective property tax rate of 1.35%, ranking #12 among all 50 states. The median annual property tax is $3,241 ($270/month). Source: Tax Foundation 2025.

Pennsylvania Loan Limits 2026

FHA loan limit in Pennsylvania: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Pennsylvania has designated high-cost areas with higher limits.

Estimated Monthly Payment in Pennsylvania

For a median-priced home of $240,500 with 20% down ($48,100), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,216, plus $270 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,611/month.

Pennsylvania Closing Costs

Average closing costs in Pennsylvania are $8,259 (2.36% of purchase price), ranked #7 nationally. Pennsylvania charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Pennsylvania Housing Market 2026

Home prices in Pennsylvania have increased 4.8% year-over-year. Average days on market: 30. Inventory level: low. Currently considered a seller's market.

Down Payment Assistance Programs in Pennsylvania

Pennsylvania offers 3 down payment assistance programs through Pennsylvania Housing Finance Agency (PHFA):

  • Keystone Advantage Assistance Loan (forgivable loan): Forgivable over 10 years. No monthly payment. - Up to Up to $6,000
  • K-FIT (Keystone Forgivable In 10) (forgivable loan): Forgivable over 10 years. For first-time buyers. - Up to Up to 5% of purchase price
  • HOMEstead (second mortgage): 0% interest, no monthly payment deferred loan. - Up to Up to 5% of purchase price

Contact PHFA: https://www.phfa.org | Phone: 717-780-3800

Did You Know About Pennsylvania?

  • Pennsylvania has the 7th highest closing costs in the nation
  • Transfer tax is 2% (1% state, 1% local), split buyer/seller
  • Philadelphia and Pittsburgh suburbs have high-cost limits
  • Rural areas offer significant value and USDA eligibility

Frequently Asked Questions About Buying a Home in Pennsylvania

What is the average property tax rate in Pennsylvania?

The effective property tax rate in Pennsylvania is 1.35%, with a median annual tax of $3,241. This ranks #12 among all states.

What are the FHA loan limits in Pennsylvania for 2026?

The FHA loan floor in Pennsylvania is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Pennsylvania?

Average closing costs in Pennsylvania are $8,259, which is approximately 2.36% of the purchase price.

Are there first-time homebuyer programs in Pennsylvania?

Yes, Pennsylvania offers 3 down payment assistance programs through Pennsylvania Housing Finance Agency, including grants, forgivable loans, and second mortgages.

Is Pennsylvania a good place to buy a home in 2026?

With a median home price of $240,500 and low inventory, Pennsylvania is currently a seller's market. Home prices have increased 4.8% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.