Mortgage on a $300K house in Pennsylvania
$2,046 a month with 20% down — $1,614 principal and interest plus $281 property tax and $150 insurance.
Pennsylvania's typical property tax is 1.12% of the home's value a year (U.S. average 0.9%), which adds $281 a month on a $300K home. The typical home in Pennsylvania is worth $287,078, so $300K is 5% above the typical price.
$300K home in Pennsylvania: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $431 | $2,046 | $87,700 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $431 | $2,360 | $101,100 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $431 | $2,467 | $105,700 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $431 | $2,545 | $109,100 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Union County | $295,020 | 1.14% | $2,050 |
| Pike County | $305,224 | 1.3% | $2,089 |
| Wayne County | $307,695 | 1.26% | $2,078 |
| Perry County | $292,119 | 1.21% | $2,067 |
| York County | $309,136 | 1.61% | $2,167 |
| Franklin County | $289,562 | 1.1% | $2,039 |
| Berks County | $310,918 | 1.65% | $2,176 |
| Monroe County | $310,974 | 1.66% | $2,180 |
| Lebanon County | $319,829 | 1.37% | $2,106 |
| Dauphin County | $277,230 | 1.35% | $2,103 |
| Montour County | $276,877 | 1.01% | $2,017 |
| Butler County | $331,467 | 1.01% | $2,017 |
50 of 67 Pennsylvania counties tracked by Zillow have a typical home value at or below $300K. See all Pennsylvania home prices.
Other prices in Pennsylvania
Frequently asked questions
What is the mortgage on a $300K house in Pennsylvania?
About $2,046 a month with 20% down at 7.11%: $1,614 principal and interest, $281 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Pennsylvania?
About $87,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Pennsylvania?
At Pennsylvania's typical effective rate of 1.12%, about $3,373 a year. Rates vary by county and city — see the county pages.