Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Pennsylvania homebuyers.
Pre-filled with Pennsylvania medians. Adjust for your property.
Estimated closing costs based on Pennsylvania tax rates and fees.
The median home price in Pennsylvania is $280,000, with property taxes averaging 1.36% annually. Pennsylvania's property tax rate is roughly in line with the national average.
Closing costs in Pennsylvania average $5K (1.7%% of purchase price). The state charges a 2% transfer tax on real estate transactions, which significantly increases closing costs. Homeowners insurance runs approximately $1,400 per year. This is within the normal range nationally.
Pennsylvania offers the PHFA Keystone Advantage for first-time buyers: Up to $6,000 DPA. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Pennsylvania presents moderate affordability. The $280K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.