Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Pennsylvania mortgage costs
What a typical Pennsylvania (PA) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $265,000 |
|---|---|
| 10% down payment | $26,500 |
| Loan amount | $238,500 |
| Principal & interest (30yr @ 6.75%) | $1,547/mo |
| Property tax (1.49%) | $329/mo |
| Homeowners insurance | $108/mo |
| PMI (until 20% equity) | $99/mo |
| Estimated total monthly | $2,084/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Pennsylvania different
Low prices and low insurance, but school-district property taxes vary enormously between neighbouring townships.
Insurance is comparatively mild: $1,300 a year is the 6th lowest in the country, or $108 a month against $329 of property tax.
A median home costs $265,000 and a comparable one rents for $1,500, a price-to-rent ratio of 14.7 — the 8th lowest in the country. At that level buying overtakes renting quickly, and the question is mostly whether you will stay long enough to clear the closing costs.
Property tax is the line that shapes a Pennsylvania budget. The 1.49% effective rate is the 12th highest in the country, adding $329 a month on a median $265,000 home — $3,949 a year that never amortises away and rises with assessed value long after the loan is paid off.
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