Mortgage on a $150K house in Pennsylvania
$1,023 a month with 20% down — $807 principal and interest plus $141 property tax and $75 insurance.
Pennsylvania's typical property tax is 1.12% of the home's value a year (U.S. average 0.9%), which adds $141 a month on a $150K home. The typical home in Pennsylvania is worth $287,078, so $150K is 48% below the typical price.
$150K home in Pennsylvania: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $216 | $1,023 | $43,800 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $216 | $1,180 | $50,600 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $216 | $1,234 | $52,900 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $216 | $1,273 | $54,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.12% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Pennsylvania does $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Greene County | $154,905 | 1.27% | $1,041 |
| Clearfield County | $144,352 | 1.09% | $1,019 |
| Fayette County | $143,795 | 1.12% | $1,023 |
| Clarion County | $140,548 | 0.97% | $1,003 |
| Potter County | $160,272 | 1.21% | $1,034 |
| Warren County | $139,074 | 1.32% | $1,048 |
| Armstrong County | $161,968 | 1.37% | $1,054 |
| Elk County | $137,822 | 1.27% | $1,041 |
| Lawrence County | $164,572 | 1.34% | $1,049 |
| Forest County | $130,593 | 0.99% | $1,006 |
| Venango County | $127,794 | 1.27% | $1,041 |
11 of 67 Pennsylvania counties tracked by Zillow have a typical home value at or below $150K. See all Pennsylvania home prices.
Other prices in Pennsylvania
Frequently asked questions
What is the mortgage on a $150K house in Pennsylvania?
About $1,023 a month with 20% down at 7.11%: $807 principal and interest, $141 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Pennsylvania?
About $43,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Pennsylvania?
At Pennsylvania's typical effective rate of 1.12%, about $1,687 a year. Rates vary by county and city — see the county pages.