Philadelphia Mortgage Calculator
Estimate your monthly mortgage payment in Philadelphia, PA. On the local median home value of $220,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $1,494. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$1,112
- Property Tax$290
- Home Insurance$92
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $13,349 | $1,967 | $11,382 | $174,033 |
| 2 | $13,349 | $2,099 | $11,250 | $171,934 |
| 3 | $13,349 | $2,240 | $11,110 | $169,694 |
| 4 | $13,349 | $2,389 | $10,960 | $167,305 |
| 5 | $13,349 | $2,550 | $10,800 | $164,755 |
| 6 | $13,349 | $2,720 | $10,629 | $162,035 |
| 7 | $13,349 | $2,902 | $10,447 | $159,133 |
| 8 | $13,349 | $3,097 | $10,252 | $156,036 |
| 9 | $13,349 | $3,304 | $10,045 | $152,732 |
| 10 | $13,349 | $3,526 | $9,824 | $149,206 |
| 11 | $13,349 | $3,762 | $9,588 | $145,444 |
| 12 | $13,349 | $4,014 | $9,336 | $141,431 |
| 13 | $13,349 | $4,282 | $9,067 | $137,148 |
| 14 | $13,349 | $4,569 | $8,780 | $132,579 |
| 15 | $13,349 | $4,875 | $8,474 | $127,704 |
| 16 | $13,349 | $5,202 | $8,148 | $122,502 |
| 17 | $13,349 | $5,550 | $7,799 | $116,952 |
| 18 | $13,349 | $5,922 | $7,428 | $111,031 |
| 19 | $13,349 | $6,318 | $7,031 | $104,712 |
| 20 | $13,349 | $6,741 | $6,608 | $97,971 |
| 21 | $13,349 | $7,193 | $6,156 | $90,778 |
| 22 | $13,349 | $7,675 | $5,675 | $83,103 |
| 23 | $13,349 | $8,189 | $5,161 | $74,915 |
| 24 | $13,349 | $8,737 | $4,612 | $66,178 |
| 25 | $13,349 | $9,322 | $4,027 | $56,855 |
| 26 | $13,349 | $9,947 | $3,403 | $46,909 |
| 27 | $13,349 | $10,613 | $2,737 | $36,296 |
| 28 | $13,349 | $11,323 | $2,026 | $24,973 |
| 29 | $13,349 | $12,082 | $1,268 | $12,891 |
| 30 | $13,349 | $12,891 | $458 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Philadelphia (about $220,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Pennsylvania's average effective rate of 1.58%. Within Pennsylvania, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Philadelphia. At $220,000 with a 20% down payment, you'd bring $44,000 to closing (plus closing costs) and take out a $176,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $1,112.
Annual costs on top of the loan. Pennsylvania's average property tax rate is 1.58%, so a median-priced Philadelphia home generates approximately $3,476 in annual property tax (about $290/mo when paid through escrow). Homeowner's insurance in Pennsylvania averages around $1,100/year.
Total monthly payment (PITI) on the median Philadelphia home works out to about $1,494 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Pennsylvania-specific property taxes, see the Pennsylvania Property Tax Calculator.