Quick answer
The median home in Pittsburgh costs $225K. With 20% down ($45K) at 7% for 30 years, the monthly payment is $1,198/month. Total interest paid over 30 years: $251,116.
Calculator · PA · 2026
Mortgage Calculator for Pittsburgh, PA (2026)
Pre-filled with Pittsburgh's median home price of $225K. Compare payments across down payment sizes and loan terms at the current 7.0% baseline rate.
Last updated: April 23, 2026
Pittsburgh Mortgage Payment Scenarios
Median home price: $225K · Interest rate: 7% · Excludes property taxes and insurance.
| Down Payment | Down ($) | Loan Amount | 30-yr/mo | 15-yr/mo | Total Interest (30yr) |
|---|---|---|---|---|---|
| 5% | $11,250 | $213,750 | $1,422 | $1,921 | $298,200 |
| 10% | $22,500 | $202,500 | $1,347 | $1,820 | $282,506 |
| 20% | $45,000 | $180,000 | $1,198 | $1,618 | $251,116 |
PMI required for <20% down — add ~$100–300/month to payments above.
Rent vs Buy in Pittsburgh
Monthly cost comparison based on median prices — 20% down, 30-year mortgage at 7%.
Buying (median home)
+ builds equity in $225K asset
Renting (2-bedroom)
Flexibility to move; no equity built
Amortization Over Time
$225K home · 20% down ($180K loan) · 7% · 30 years
Year 1
Year 15
Year 30 (Final)
Frequently Asked Questions
What is the monthly mortgage payment for a home in Pittsburgh?
The median home price in Pittsburgh is $225K. With 20% down and a 30-year loan at 7%, the monthly payment is $1,198. Adding estimated property taxes and insurance brings total monthly costs to approximately $1,423.
Is it cheaper to rent or buy in Pittsburgh?
A 2-bedroom rental in Pittsburgh averages $1,580/month. Buying the median $225K home with 20% down costs approximately $1,423/month (mortgage + taxes + insurance) — $157 less than renting. However, buying builds equity while renting does not.
How much do I need to earn to buy a home in Pittsburgh?
Using the 28% housing rule, you need at least $51K–61K in annual gross income to comfortably afford the median $225K home in Pittsburgh with 20% down. You also need $45K+ saved for the down payment plus 2–5% in closing costs.
What are property taxes like in Pittsburgh?
PA has a state income tax rate of 3.07%. Property taxes vary by county but on a $225K home, expect $188–$375/month in property taxes (1–2% annual rate). This is in addition to your mortgage payment.