Down Payment Calculator for Pennsylvania

Down Payment Planning in Pennsylvania

With a median home value of $240,000 in Pennsylvania, here's what different down payment tiers look like:

• 3% (First-time buyer programs): $7,200
• 3.5% (FHA minimum): $8,400
• 10% (Avoid PMI with some lenders): $24,000
• 20% (Eliminate PMI entirely): $48,000

Conforming Loan Limits in Pennsylvania

The conforming loan limit in Pennsylvania is $726,200. All Pennsylvania counties are at the standard conforming limit. If your loan exceeds this, you'll need jumbo financing, which typically requires a 20%+ down payment.

Closing Costs to Plan For

Beyond your down payment, budget for closing costs of around $4,100 in Pennsylvania. Pennsylvania charges a 1% realty transfer tax at the state level, plus local transfer taxes that in Philadelphia and Pittsburgh add another 3-4%. Combined transfer taxes can reach 4% or more, significantly elevating closing costs.

Property Tax Impact

Pennsylvania's effective property tax rate is 1.49% (average annual bill: $3,407). A larger down payment reduces your monthly mortgage but property taxes remain constant regardless of how much you put down.

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