Delaware variant. This is a Delaware-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $360,000 and an effective property tax rate of 0.57%, a typical Delaware mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Delaware mortgage payment
On the $360,000 median home with 20% down ($72,000), you'd finance about $288,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $1,820/month.
Delaware's 0.57% effective property tax adds about $171/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Delaware
Delaware has a graduated income tax that tops out at 6.6%.
Delaware has no state sales tax and very low property taxes, making it attractive for both shoppers and homeowners.
Delaware's business-friendly laws make it the legal home of a majority of large U.S. corporations, and chemicals and finance are key industries.
Worked example: $360,000 home in Delaware
Price $360,000, 20% down ($72,000), loan $288,000 at 6.5% for 30 years → P&I ≈ $1,820/mo. Add property tax ≈ $171/mo (0.57% of value ÷ 12). Total before insurance ≈ $1,991/mo.
Quick reference
- State income tax: 2.2-6.6% across 6 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $360,000
- Median household income: $79,325
- Effective property tax rate: 0.57%
- Avg auto insurance: $1,858/yr
Frequently Asked Questions
How much is a mortgage on a $360,000 Delaware home?
With 20% down at 6.5% over 30 years, principal and interest run about $1,820/month, before Delaware's 0.57% property tax and insurance.
What is the property tax rate in Delaware?
Delaware's effective property tax rate is about 0.57% of home value per year.