Can I Afford a $100K Home in Pennsylvania?
Complete mortgage breakdown for a $100,000 home in Pennsylvania, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$766/mo
P&I: $526 + Tax: $124 + Insurance: $117
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $918 | $39,363 |
| 5% | $5,000 | $904 | $38,764 |
| 10% | $10,000 | $870 | $37,267 |
| 20% | $20,000 | $766 | $32,845 |
Monthly Cost Breakdown (Pennsylvania)
Principal & Interest
$526/mo
Property Tax (1.49%)
$124/mo
Homeowners Insurance
$117/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$32,845/yr
Minimum gross income
36% Rule (All Debt)
$25,546/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Pennsylvania
A $100,000 home in Pennsylvania is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $766 is achievable on a salary of $32,845 or more. Pennsylvania's property tax rate of 1.49% is near the national average.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Pennsylvania.