CALCMONEY // MORTGAGE // DE
Calculate your monthly mortgage payment using Delaware-specific property tax rates, current average interest rates, and local median home prices.
Open Full Calculator$355,000
6.95%
0.57%
2.2%–6.6%
How today's 6.95% rate compares to recent years
| Period | 30-Yr Rate | vs. Today |
|---|---|---|
| 2026 (current) | 6.95% | — |
| 2024 avg | 7.37% | -0.42% |
| 2023 avg | 7.80% | -0.85% |
| 2022 peak | 7.63% | -0.68% |
| 2021 avg | 3.55% | +3.40% |
| 2020 avg | 3.35% | +3.60% |
Rate estimates based on Freddie Mac Primary Mortgage Market Survey national averages adjusted for Delaware market conditions. Actual rates vary by lender and borrower profile.
| Principal & Interest | $1,880 |
| Property Tax | $169 |
| Homeowners Insurance (est.) | $118 |
| Total Monthly Payment (PITI) | $2,167 |
$71,000
$392,776
$92,867/yr
The median home price in Delaware is $355,000, near the national median of $420,000. With a median household income of $72,700, the price-to-income ratio is 4.9x.
Property taxes in Delaware average 0.57% of assessed value. On the median home, that is $2,023 per year, or $169 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Delaware homeowners a property tax advantage.
Delaware has a state income tax of 2.2%–6.6%. Factor this into your take-home pay when calculating how much mortgage you can afford.
The cost of living index in Delaware is 103 (national average = 100). Everyday expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $284,000 loan saves $12,780 in interest over 30 years.
Compare Top Delaware Mortgage Lenders