Mortgage on a $600K house in Pennsylvania
$4,091 a month with 20% down — $3,229 principal and interest plus $562 property tax and $300 insurance.
Pennsylvania's typical property tax is 1.12% of the home's value a year (U.S. average 0.9%), which adds $562 a month on a $600K home. The typical home in Pennsylvania is worth $287,078, so $600K is 109% above the typical price.
$600K home in Pennsylvania: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $120,000 | $480,000 | $3,229 | $0 | $862 | $4,091 | $175,300 |
| 10% down | $60,000 | $540,000 | $3,633 | $225 | $862 | $4,720 | $202,300 |
| 5% down | $30,000 | $570,000 | $3,834 | $238 | $862 | $4,934 | $211,500 |
| 3.5% down (FHA) | $21,000 | $589,133 | $3,963 | $265 | $862 | $5,091 | $218,200 |
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 $600K buy a typical home?
In these counties the typical home value is within 15% of $600K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Chester County | $579,006 | 1.3% | $4,178 |
| Bucks County | $523,860 | 1.31% | $4,183 |
67 of 67 Pennsylvania counties tracked by Zillow have a typical home value at or below $600K. See all Pennsylvania home prices.
Other prices in Pennsylvania
Frequently asked questions
What is the mortgage on a $600K house in Pennsylvania?
About $4,091 a month with 20% down at 7.11%: $3,229 principal and interest, $562 property tax and $300 insurance.
How much do I need to make to buy a $600K house in Pennsylvania?
About $175,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $600K house in Pennsylvania?
At Pennsylvania's typical effective rate of 1.12%, about $6,747 a year. Rates vary by county and city — see the county pages.