Mortgage Rates in Derry Township, Pennsylvania — March 2026
Updated March 2026 | Based on Derry Township market data and regional lending conditions
Derry Township is a growing city in Pennsylvania with a population of 25,000. The current 30-year fixed mortgage rate in Derry Township is 6.77%, which is 0.12% above the national average. With a median home price of $209,000 and a 20% down payment of $41,800, homebuyers can expect a monthly principal and interest payment of approximately $1,087.
Current Mortgage Rates in Derry Township, PA
Below are the current average mortgage rates available in the Derry Township area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.77% | 6.65% | +0.12% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.51% | 6.25% | +0.26% |
| VA | 6.26% | 6.05% | +0.21% |
| Jumbo | 7.02% | 6.85% | +0.17% |
Derry Township Housing Market Overview
The Derry Township housing market offers relatively affordable housing compared to many major cities. The median household income in Derry Township is $60,400, and the cost of living index is 100.2 (national average = 100). Based on the 28% affordability rule, the median income in Derry Township is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Derry Township
Based on the median home price of $209,000 with 20% down ($41,800), here is what you can expect to pay monthly in Derry Township:
15-Year vs. 30-Year Mortgage in Derry Township
Choosing a 15-year mortgage in Derry Township at 6% instead of a 30-year at 6.77% would save you $137,340 in total interest over the life of the loan. However, your monthly payment would be $1,411 instead of $1,087 — an increase of $324 per month.
Calculate Your Derry Township Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Derry Township
What are the current mortgage rates in Derry Township, PA?
As of March 2026, the average 30-year fixed mortgage rate in Derry Township, Pennsylvania is 6.77%, while the 15-year fixed rate is 6%. FHA loans average 6.51% and VA loans 6.26%. These rates are 0.12% above the national average of 6.65%.
How much is a monthly mortgage payment in Derry Township?
Based on the median home price of $209,000 with 20% down, the estimated monthly mortgage payment in Derry Township is $1,087 for principal and interest. Including property taxes of $230/month, the total monthly housing cost is approximately $1,317.
What income do I need to buy a home in Derry Township?
Using the 28% rule, you would need an annual income of approximately $56,443 to afford the median-priced home in Derry Township at $209,000. The median household income in Derry Township is $60,400. The median income is currently sufficient to meet this threshold.
Is Derry Township a good place to buy a home in 2026?
Derry Township has a moderate cost of living with a cost of living index of 100.2 (national average = 100). The property tax rate in Pennsylvania is 1.32%, which is near the national average. Derry Township has a population of 25,000 and offers a balanced lifestyle.
Mortgage Rates in Other Pennsylvania Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Derry Township, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.