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.
Allentown mortgage calculator
A median-priced Allentown, PA home at 6.75% over 30 years, with Pennsylvania property tax of 1.49% and $1,300 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$1,796 a month, all in
Principal and interest are $1,315; escrow and PMI add the rest. Over the full term the loan costs $270,628 in interest. Discounted at 5%, buying here has a net present value of $117,350 ($299,996 in today’s dollars).
Within Pennsylvania, Allentown is 3rd of the 5 Pennsylvania markets covered here, between Philadelphia at the top and Erie at the bottom of a 1.64x spread. A state-level median hides most of that.
At $225,250 to buy and $1,425 a month to rent, the price-to-rent ratio is 13.2 — low. Ownership tends to pull ahead quickly at that level, and the binding question is transaction costs rather than the monthly comparison.
Allentown is cheaper than Pennsylvania as a whole — $225,250 against a state median of $265,000, roughly 15% below. On a 20% deposit that is $7,950 less to find up front.
Monthly cost in Allentown vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $225,250 |
|---|---|
| Down payment (10%) | $22,525 |
| Loan amount | $202,725 |
| Principal & interest | $1,315/mo |
| Property tax (1.49%) | $280/mo |
| Homeowners insurance | $108/mo |
| PMI while above 80% LTV | $93/mo |
| Total monthly payment | $1,796/mo |
| Comparable rent | $1,425/mo |
What a rate move does to the Allentown payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $1,151/mo |
| 6% | $1,215/mo |
| 6.5% | $1,281/mo |
| 7% | $1,349/mo |
| 7.5% | $1,417/mo |
| 8% | $1,488/mo |
Rent or buy in Allentown?
Against $1,425 a month in rent, over 7 years renting leaves you about $3,897 better off — $3,279 once 2.5% inflation is stripped out. See the Pennsylvania rent-vs-buy page.
Where these numbers come from
Pennsylvania medians come from editorial and are refreshed weekly. The Allentown figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.