Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Oklahoma and Pennsylvania. Updated for 2026.
Oklahoma wins 5 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Oklahoma offers meaningful savings compared to Pennsylvania. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Oklahoma saves you approximately $405/month ($4,860/year) compared to Pennsylvania, based on median home prices with identical loan terms.
Oklahoma offers meaningfully lower home prices than Pennsylvania, with median prices running 25% less ($70K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Pennsylvania may find Oklahoma far more accessible, particularly when combined with local down payment assistance programs.
Oklahoma has a moderate property tax advantage at 0.88% versus Pennsylvania's 1.36%. While the rate gap of 0.48% may seem small, it translates to an annual difference of approximately $1,960 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $16K in savings.
Homeowners insurance is significantly cheaper in Pennsylvania ($1,400/year) compared to Oklahoma ($3,600/year). That's an extra $2,200 per year — or $183/month — eating into your budget in Oklahoma. Oklahoma's high insurance costs are often driven by severe weather risks (hurricanes, tornadoes, or wildfires), which also affect availability of coverage.
Both states offer down payment assistance for first-time buyers. Oklahoma's OHFA Homebuyer DPA provides Up to 3.5% DPA, while Pennsylvania's PHFA Keystone Advantage offers Up to $6,000 DPA. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: insurance costs heavily tilt the scales. Oklahoma homeowners pay $3,600/year for coverage versus $1,400 in Pennsylvania — a $2,200 annual gap. If you're budgeting for a home in Oklahoma, make sure to factor in this ongoing expense. It can make an otherwise affordable market surprisingly costly month-to-month.