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1. Choose the loan program. You can select FHA, VA, USDA or conventional financing. Veterans should choose either active duty or reservist/national guard entitlement.

2. Where is the home located?

3. How many units? Is the house a single family home or a 2 unit home (i.e. duplex)?

4. What is your credit score?

5. Enter the sales price

6. Enter the real estate taxes (or estimate)

7. Enter the annual homeowners insurance cost or let the calculator take a guess.

8. What is the down payment percentage? Or, choose the minimum percentage allowed by the loan program.

9. Enter the interest rate

10. What is the loan term? 15, 20, 25 or 30 years?

11. Enter the lenders origination fee percenttage, if applicable

12. Are there discount poiints? If so, use the drop down box.

13 - 14 Enter the deed transfer tax percentage and split (see below).

15. Will the seller(s) be paying any closing costs? If so, use either the drop down box or fixed dollar amount

Debt to Income is used by lenders to determine the maximum loan amount.

Closing Cost Calculator for PA

Pennsylvania state flagWith as few as 5 choices, you can get an estimate to purchase a home in Pennsylvania! The PA mortgage and closing cost calculator can return the down payment and closing costs for an FHA, VA, USDA and conventional home loan. The home buyer calculator will also estimate the deed transfer tax and seller paid closing costs, if applicable. Please send me an E-mail if you see an error or want to make a comment or a purchase.

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  Pennsylvania Closing Cost & Mortgage Calculator
  1. Mortgage Program    
1a. Veteran Use  
2. What county is the home located in?
3. How many units?  
4. What is your credit score?  
5. Enter the sales price -
6. What are the annual real estate taxes?
7. Annual homeowner's insurance -    
8. Enter the down payment percentage  
9. Enter the interest rate -
10. What is the term (how long)
11. Enter the origination percentage (if applicable)  
12. Are there discount points? (if applicable)  
13. Enter deed transfer tax % to buyer *    
14. Pennsylvania Deed Transfer Tax 1.00%  
Total Transfer Tax  
  15. Seller assist percentage, if applicable  
16. Seller is paying a flat amount.  
17. Seller pays  
  Gross Monthly Income  
  Gross Monthly Debt  
  Payment Ratio  
  Debt Ratio  
  * The deed transfer tax is typically split between buyer and seller. Generally, the buyer pays 1% of the sales price and the seller pays 1%. There are exceptions. Use the drop down box to see if the municipality is listed. If so, choose the municipality. PA does not have mortgage stamps or recordation fees.
  This estimate assumes an owner occupied residence or condominium. FIXED and ARM refers to loans underwritten to Fannie Mae guidelines (i.e. 5%, 10%, 15%, etc.). These loan are commonly called "conventional" loans. You can over ride the mortgage insurance premium in the PMI | MIP box on the closing cost page. No credit score minimums are considered for this closing cost illustration. Credit score requirements vary widely from lender to lender and loan program. This calculator is made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. I encourage you to seek personalized advice from qualified professionals concerning real estate financing and calculations. Copyright © 2021,William A. MacDonald All rights reserved. Anytime