Finance · Delaware

Delaware Mortgage Calculator (2026)

Calculate your monthly payment with Delaware-specific property tax (0.58%) and average insurance ($1,080/yr).

Delaware defaults: property tax ≈ 0.58% of home value · homeowners insurance ≈ $1,080/year · median home value ≈ $412,000. The calculator is preset with these — adjust for your situation.
Standard loan; PMI if DP < 20%, drops at 78% LTV.
Annual costs

Monthly payment

$2,910.61
PITI + PMI/MIP

Payment breakdown

Principal & interest
$2,466.94
Property tax
$199.17
Insurance
$90.00
PMI
Drops month 115
$154.50
Total monthly
$2,910.61

Loan summary

Loan amount
90.0% LTV
$370,800
Total interest paid
$517,299

Amortization schedule (first 12 + every 12 months)

MonthPrincipalInterestPMI/MIPBalance
1$303.94$2,163.00$154.50$370,496
2$305.71$2,161.23$154.50$370,190
3$307.50$2,159.44$154.50$369,883
4$309.29$2,157.65$154.50$369,574
5$311.10$2,155.85$154.50$369,262
6$312.91$2,154.03$154.50$368,950
7$314.74$2,152.21$154.50$368,635
8$316.57$2,150.37$154.50$368,318
9$318.42$2,148.52$154.50$368,000
10$320.28$2,146.67$154.50$367,680
11$322.14$2,144.80$154.50$367,357
12$324.02$2,142.92$154.50$367,033
24$347.45$2,119.49$154.50$362,994
36$372.56$2,094.38$154.50$358,664
48$399.50$2,067.44$154.50$354,020
60$428.38$2,038.57$154.50$349,040
72$459.34$2,007.60$154.50$343,700
84$492.55$1,974.39$154.50$337,975
96$528.16$1,938.79$154.50$331,835
108$566.34$1,900.60$154.50$325,252
120$607.28$1,859.66$318,192
132$651.18$1,815.76$310,623
144$698.25$1,768.69$302,506
156$748.73$1,718.21$293,802
168$802.85$1,664.09$284,469
180$860.89$1,606.05$274,462
192$923.13$1,543.82$263,731
204$989.86$1,477.08$252,224
216$1,061.42$1,405.53$239,886
228$1,138.15$1,328.80$226,656
240$1,220.42$1,246.52$212,469
252$1,308.65$1,158.30$197,256
264$1,403.25$1,063.69$180,944
276$1,504.69$962.25$163,453
288$1,613.46$853.48$144,697
300$1,730.10$736.84$124,585
312$1,855.17$611.77$103,020
324$1,989.28$477.66$79,896
336$2,133.09$333.86$55,099
348$2,287.29$179.66$28,511
360$2,452.63$14.31$0

What the payment actually costs

Delaware property tax averages 0.58% of value — 45th highest of 51 states, against a national average near 1.10%. On a $400,000 home that is about $2,320 a year, or $193 a month added to principal and interest.

Homeowners insurance runs about $1,080 a year in Delaware, 48th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $283 a month to the payment before you have paid a dollar of principal.

How this fits the rest of your tax bill

The trade-off runs the other way here. Delaware property tax is low at 0.58% — 45th of 51 — but the state does tax income. Owners get off comparatively lightly; the cost shows up on the pay stub instead, which favours buyers with modest incomes and large homes over high earners in small ones.

Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.

Frequently Asked Questions

What's the average property tax rate in Delaware?
Delaware's effective property tax rate is approximately 0.58% of home value per year. On a $412,000 home, that's about $2,390 per year (or $199/month). The calculator above uses this as the default — adjust if your specific county is higher or lower.
What's a typical homeowners insurance cost in Delaware?
The average annual homeowners insurance premium in Delaware is around $1,080 for a typical home. High-risk states (Florida, Louisiana, Texas) tend to be higher due to hurricane/flood/wildfire exposure; low-cost states (Oregon, Hawaii, DC) sit at $1,000 or less.
How much do I need to put down on a Delaware mortgage?
Conventional loans typically require 5-20% down. FHA allows just 3.5% down with a 580+ credit score. VA loans (military) allow 0% down. Putting 20%+ avoids PMI entirely on conventional loans, saving you 0.5-1% of the loan amount per year.
What credit score do I need to buy a home in Delaware?
Conventional: 620 minimum (740+ for best rates). FHA: 580 with 3.5% down, or 500 with 10% down. VA: most lenders want 620 even though VA itself has no minimum. Higher credit = lower rate = thousands in savings over the life of the loan.
Should I rent or buy in this market?
Generally buying makes sense if you plan to stay 5+ years and your monthly payment (including taxes, insurance, maintenance) is within ~30% of your gross income. Use the calculator above to see your real monthly cost — many buyers underestimate the non-mortgage costs by 30-40%.

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