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Philadelphia County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Philadelphia County, Pennsylvania based on real HMDA transaction records.

Loan Details

Philadelphia County, PA Benchmarks

FHA averages
Typical Property Value$261,260
Average Down Payment9.4%
Average Interest Rate6.333%
Effective Tax Rate0.85%
Median Tax Paid$2,003/yr
Tax Growth (Historical)-0.5%
Based on 4,357 regional loans totaling $986,005,000 (HMDA database).
$
%

$24,558 down · $236,702 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$185 / month

$

Annual premium

$

Per month

%

$100 / month

Estimated Monthly Payment

$1,931/mo

  • Principal & Interest$1,495
  • Property Tax$185
  • Home Insurance$150
  • FHA MIP$100
Amortization · Remaining Balance

Financed Loan Amount

$240,844

Total Interest

$297,526

Total of Payments

$538,369

*Includes financed FHA Upfront MIP of $4,142

Local Market Insights

Philadelphia County FHA Mortgage Overview

Philadelphia County homebuyers using an FHA loan are entering the market with a 9.42% down payment and a 90.58% loan-to-value ratio, a clear signal of accessible entry for owner-occupants. However, with FHA financing, the mandatory Mortgage Insurance Premium (MIP) remains for the life of the loan, regardless of this down payment level—making it ideal for those with sub-620 credit scores. The effective property tax rate of 0.85%, combined with a recent -0.5% inflation-adjusted tax shift, offers slight monthly relief when evaluating an FHA loan with PMI and taxes in Philadelphia County, PA. For buyers using an FHA mortgage with property taxes, the average property value of $261,260 and a 6.333% rate mean lower upfront costs but a permanent MIP obligation.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.