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Delaware mortgage calculator

The median home in Delaware runs about $360,000. With 20% down that's a loan near $288,000 — the calculator is pre-filled with that figure. Delaware has no sales tax at all and a below-average property tax rate, making both a car and a home cheaper to carry than in its Mid-Atlantic neighbors. Insurance is among the cheapest in the nation.

$1,869.88 / month

Total interest
$385,154
Total paid
$673,154
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$72k$144k$216k$288k0612182430Year

How it works

A full Delaware payment is more than principal and interest. At the state's 0.58% effective property tax rate, a $360,000 home owes about $2,088 a year in tax, and homeowners insurance averages roughly $900 a year here. Together those add about $249 to the monthly payment before any HOA dues or PMI.

Delaware's median household income is about $82,000, or $6,833 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,913 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Delaware sell in about 35 days on average.

Frequently asked questions

What is a typical mortgage payment in Delaware?
On the state's roughly $360,000 median home with 20% down, the loan is about $288,000. Principal and interest depend on your rate; on top of that, Delaware's 0.58% effective property tax rate and about $900 a year in homeowners insurance add roughly $249 per month to the payment.
How much are property taxes on a home in Delaware?
Delaware's effective property tax rate averages about 0.58% of market value — roughly $2,088 a year on the $360,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Delaware?
The average Delaware homeowners policy runs about $900 a year. Delaware has no sales tax at all and a below-average property tax rate, making both a car and a home cheaper to carry than in its Mid-Atlantic neighbors. Insurance is among the cheapest in the nation.
Can I afford a home in Delaware on the median income?
Delaware's median household income is about $82,000 a year, or $6,833 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,913 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Delaware?
A for-sale home in Delaware spends about 35 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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