Monthly Payment Calculator
Enter a home price, down payment, interest rate, and loan term to see your estimated monthly mortgage payment — including principal, interest, taxes, and insurance.
Understanding Your Mortgage
Your monthly mortgage payment typically includes four components, often called PITI: Principal (the loan amount you're paying down), Interest (the lender's charge for borrowing), Taxes (property taxes, which vary by county in Pennsylvania), and Insurance (homeowner's insurance to protect your property).
In Pennsylvania, property tax rates vary significantly by municipality. Philadelphia city has a rate around 1.3998%, while suburban counties may range from 1% to 2.5%. Your Mega Realty agent can help you understand the exact tax implications for any property you're considering.
Tips for Getting the Best Rate
Check Your Credit Score First
Your credit score is the single biggest factor in the rate you'll qualify for. A score above 740 typically gets you the best conventional rates. Take time to review and improve your credit before applying.
Shop Multiple Lenders
Don't just go with the first lender you talk to. Get quotes from at least three different lenders — banks, credit unions, and mortgage brokers often have different rates and fee structures.
Consider Points
Paying discount points upfront (each point = 1% of the loan amount) can buy down your interest rate. If you plan to stay in the home long-term, this can save tens of thousands over the life of the loan.
Get Pre-Approved
A pre-approval letter shows sellers you're serious and gives you a clear budget. In competitive markets, it can make the difference between winning and losing a bidding war.
Need Help With Financing?
Mega Realty agents work with a network of trusted mortgage lenders across Pennsylvania. We can connect you with professionals who specialize in your situation — whether you're a first-time buyer, self-employed, VA-eligible, or looking at investment properties.
Get Connected With a Lender →