Philadelphia, PA Mortgage Rates Today

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Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Fixed	6.875%	7.685%	1.784	$2,936
VA 30-Year Fixed	6.750%	7.134%	1.785	$2,895
Conventional 15-Year Fixed	6.625%	7.079%	1.999	$3,670
Conventional 30-Year Fixed	7.125%	7.408%	1.952	$2,955
Jumbo 30-Year Fixed	7.125%	7.347%	2.050	$7,647

Loan Type	Rate	APR	Points	Est. Monthly Payment
FHA 30-Year Refinance	7.000%	7.824%	2.086	$2,966
VA 30-Year Refinance	7.000%	7.260%	2.058	$2,937
Conventional 15-Year Refinance	6.875%	7.325%	2.160	$3,718
Conventional 30-Year Refinance	7.375%	7.650%	2.063	$3,014
Jumbo 30-Year Refinance	7.250%	7.502%	2.250	$7,727

Loan Type	Rate	APR	Points	Est. Monthly Payment

FHA 30-Year Fixed: Interest rate offered based on $356,125 loan amount with 7.685% APR and $2,936 monthly payment at 70% loan-to-value (LTV) and 1.784 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

VA 30-Year Fixed: Interest rate offered based on $354,375 loan amount with 7.134% APR and $2,895 monthly payment at 70% loan-to-value (LTV) and 1.785 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 15-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.079% APR and $3,670 monthly payment at 70% loan-to-value (LTV) and 1.999 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 30-Year Fixed: Interest rate offered based on $350,000 loan amount with 7.408% APR and $2,955 monthly payment at 70% loan-to-value (LTV) and 1.952 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Jumbo 30-Year Fixed: Interest rate offered based on $950,001 loan amount with 7.347% APR and $7,647 monthly payment at 70% loan-to-value (LTV) and 2.050 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated property taxes are based on a 0.91% effective rate for Philadelphia County, Pennsylvania, applied to the property value for each scenario shown. Rate is median real estate tax paid by households with a mortgage divided by median home value, per the American Community Survey 2020–2024. Taxes shown are an estimate only and vary by property.

Estimated homeowners insurance is based on an average annual premium of $2,615 for Philadelphia, PA, divided by twelve. That average covers existing homes of all values in the area, not the property value shown. Insurance shown is an estimate only and varies by property, coverage and carrier.

FHA 30-Year Refinance: Interest rate offered based on $356,125 loan amount with 7.824% APR and $2,966 monthly payment at 70% loan-to-value (LTV) and 2.086 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

VA 30-Year Refinance: Interest rate offered based on $351,750 loan amount with 7.260% APR and $2,937 monthly payment at 70% loan-to-value (LTV) and 2.058 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 15-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.325% APR and $3,718 monthly payment at 70% loan-to-value (LTV) and 2.160 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Conventional 30-Year Refinance: Interest rate offered based on $350,000 loan amount with 7.650% APR and $3,014 monthly payment at 70% loan-to-value (LTV) and 2.063 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 13, 2026.

Jumbo 30-Year Refinance: Interest rate offered based on $950,001 loan amount with 7.502% APR and $7,727 monthly payment at 70% loan-to-value (LTV) and 2.250 discount points. Payment is Principal, Interest, estimated property taxes and estimated homeowners insurance example only. Rate shown is current as of October 1, 2026.

Estimated monthly payment includes principal, interest, estimated Philadelphia, PA property taxes, and estimated homeowners insurance.

Philadelphia housing market at a glance

September 2026 data

In Philadelphia, homes are selling in about 69 days (3 slower than a year ago), sales are up 6.7% from last year, and about 22% of listings have had a price cut.

Median sale price

$265,000

$202 per sq. ft.

Homes sold

7,129

▲ 6.7% vs. 6,683 last year

Days on market

vs. 66 days last year

Homes for sale

9,808

577 new listings

Listings with a price cut

22%

2,193 of 9,808 listings

Source: Movoto Philadelphia, PA market trends, September 2026. Last updated October 5, 2026.

What it costs to buy a home in Philadelphia

Monthly payments on Philadelphia's median home price of $265,000 (September 2026), at today's rates.

20% down · Conventional

$1,847/mo

Down payment: $53,000
Loan amount: $212,000
Rate: 7.125%
Principal & interest: $1,428
Est. property tax: $201
Est. homeowners insurance: $218

5% down · Conventional

$2,115/mo

Down payment: $13,250
Loan amount: $251,750
Rate: 7.125%
Principal & interest: $1,696
Est. property tax: $201
Est. homeowners insurance: $218

3.5% down · FHA

$2,128/mo

Down payment: $9,275
Loan amount: $260,200
Rate: 6.875%
Principal & interest: $1,709
Est. property tax: $201
Est. homeowners insurance: $218

Payments include principal, interest, estimated Philadelphia property taxes, and estimated homeowners insurance. They do not include mortgage insurance (PMI or FHA monthly MIP), which applies with less than 20% down, or HOA dues. The FHA loan amount includes the 1.75% upfront mortgage insurance premium. These are examples based on the median price, not the sample loan used in the rate table above.

How much income do you need to buy a home in Philadelphia?

A common lender guideline is to keep your total housing payment (principal, interest, estimated Philadelphia property taxes, and estimated homeowners insurance) at or below 28% of your gross monthly income. Gross income is what you earn before taxes and other deductions come out of your paycheck. Based on that guideline, here's the yearly household income needed for Philadelphia's $265,000 median home:

20% down · Conventional$1,847/mo payment $79,165/yrabout $6,597/mo before taxes

5% down · Conventional$2,115/mo payment $90,642/yrabout $7,553/mo before taxes

3.5% down · FHA$2,128/mo payment $91,210/yrabout $7,601/mo before taxes

Why this matters: Keeping housing costs near 28% of your income leaves room for other bills, savings and the upkeep that comes with owning a home. It's a planning guideline, not a hard limit.

What lenders look at: Lenders also look at your debt-to-income (DTI) ratio, which adds your car, student loan and credit card payments to the new mortgage payment. Depending on the loan program and your credit, many lenders allow total debts of roughly 43% to 50% of gross income, so you may qualify with less income than shown, or need more if you carry other debt.

Household income counts: If you're buying with a partner or co-borrower, lenders can combine your incomes.

How rates change your payment

Principal and interest on a $212,000 loan (the Philadelphia median price with 20% down). Every 0.25% is worth about $36/mo.

Rate	6.13%	6.38%	6.63%	6.88%	7.13% today	7.38%
Monthly P&I	$1,288	$1,323	$1,357	$1,393	$1,428	$1,464

Ways to make a Philadelphia home more affordable

Negotiate on price. About 22% of Philadelphia listings have had a price cut, so many sellers are open to offers.
Ask for seller concessions. Homes take 69 days to sell, 3 more than last year. Sellers may cover closing costs or pay for a rate buydown.
Consider buying down your rate. On this example loan, a rate 0.5% lower saves about $71 a month.
Compare loan types. FHA rates are at 6.875% vs. 7.125% for conventional, with as little as 3.5% down. Compare by APR, including mortgage insurance.

Philadelphia mortgage and home buying FAQs

What are mortgage rates in Philadelphia today?

As of October 13, 2026, Lower’s 30-year fixed conventional rate in Philadelphia is 7.125% (7.408% APR), and the 30-year FHA rate is 6.875% (7.685% APR). Your rate depends on your credit, down payment, loan type and any points you pay. See the rate table above for points and full details.

What is the monthly payment on a median-priced home in Philadelphia?

On Philadelphia’s $265,000 median home price (September 2026), a 30-year conventional loan with 20% down at 7.125% comes to about $1,847 a month, including principal, interest, estimated Philadelphia property taxes, and estimated homeowners insurance. With an FHA loan and 3.5% down, it’s about $2,128 a month before monthly mortgage insurance.

How much income do I need to buy a house in Philadelphia?

To keep housing costs at 28% of gross (pre-tax) income, you’d need a household income of about $79,165 a year to buy Philadelphia’s $265,000 median home with 20% down, or about $91,210 with an FHA loan and 3.5% down. Lenders also consider your other debts, so the income you need may be higher or lower.

How much do I need for a down payment in Philadelphia?

On the $265,000 median home, 20% down is $53,000, 5% down is $13,250, and the FHA minimum of 3.5% is $9,275. Putting less than 20% down usually means paying mortgage insurance. You’ll also need money for closing costs.

Is it a buyer’s or seller’s market in Philadelphia right now?

In September 2026, Philadelphia homes sold in about 69 days, 3 days slower than a year earlier. 7129 homes sold, up from 6683 the year before, and about 22% of the 9808 homes for sale have had a price cut. Slower sales and frequent price cuts generally give buyers more room to negotiate than a year ago.

How much does a quarter-point rate change affect payments in Philadelphia?

On a $212,000 loan (the median Philadelphia home with 20% down), each 0.25% change in rate moves the principal and interest payment by about $36 a month, or about $427 a year.

How much are property taxes in Philadelphia?

Lower estimates Philadelphia property taxes at about 0.91% of a home’s value per year. On the $265,000 median home, that’s roughly $2,412 a year, or $201 a month. Your actual bill depends on your assessed value and any exemptions.

Market data: Movoto, September 2026. Homeowners insurance estimates are based on average annual premiums in Philadelphia from The Zebra; your quote will vary. Rates as of October 13, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

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September 3, 2026

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Verified Customer

August 13, 2026

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Verified Customer

September 20, 2026

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Philadelphia Mortgage Rates Today

Current Mortgage Rates in Philadelphia, PA

Philadelphia housing market at a glance

What it costs to buy a home in Philadelphia

How much income do you need to buy a home in Philadelphia?

How rates change your payment

Ways to make a Philadelphia home more affordable

Philadelphia mortgage and home buying FAQs

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