Mortgage Rates in Bensalem, Pennsylvania — March 2026
Updated March 2026 | Based on Bensalem market data and regional lending conditions
Bensalem is a growing city in Pennsylvania with a population of 62,434. The current 30-year fixed mortgage rate in Bensalem is 6.61%, which is 0.04% below the national average. With a median home price of $219,000 and a 20% down payment of $43,800, homebuyers can expect a monthly principal and interest payment of approximately $1,120.
Current Mortgage Rates in Bensalem, PA
Below are the current average mortgage rates available in the Bensalem 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 | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.87% | 5.89% | -0.02% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Bensalem Housing Market Overview
The Bensalem housing market offers relatively affordable housing compared to many major cities. The median household income in Bensalem is $58,700, and the cost of living index is 97.3 (national average = 100). Based on the 28% affordability rule, the median income in Bensalem is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Bensalem
Based on the median home price of $219,000 with 20% down ($43,800), here is what you can expect to pay monthly in Bensalem:
15-Year vs. 30-Year Mortgage in Bensalem
Choosing a 15-year mortgage in Bensalem at 5.87% instead of a 30-year at 6.61% would save you $139,320 in total interest over the life of the loan. However, your monthly payment would be $1,466 instead of $1,120 — an increase of $346 per month.
Calculate Your Bensalem 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 Bensalem
What are the current mortgage rates in Bensalem, PA?
As of March 2026, the average 30-year fixed mortgage rate in Bensalem, Pennsylvania is 6.61%, while the 15-year fixed rate is 5.87%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Bensalem?
Based on the median home price of $219,000 with 20% down, the estimated monthly mortgage payment in Bensalem is $1,120 for principal and interest. Including property taxes of $237/month, the total monthly housing cost is approximately $1,357.
What income do I need to buy a home in Bensalem?
Using the 28% rule, you would need an annual income of approximately $58,157 to afford the median-priced home in Bensalem at $219,000. The median household income in Bensalem is $58,700. The median income is currently sufficient to meet this threshold.
Is Bensalem a good place to buy a home in 2026?
Bensalem offers a below-average cost of living with a cost of living index of 97.3 (national average = 100). The property tax rate in Pennsylvania is 1.3%, which is near the national average. Bensalem has a population of 62,434 and offers a balanced lifestyle.
Mortgage Rates in Other Pennsylvania Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bensalem, Pennsylvania area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.