CALCMONEY // MORTGAGE // DE // WILMINGTON
Calculate your monthly mortgage payment using Wilmington-specific property tax rates and local market data.
$295,000
6.9%
0.57%
108
| Principal & Interest | $1,554 |
| Property Tax | $140 |
| Homeowners Insurance (est.) | $98 |
| Total Monthly Payment (PITI) | $1,793 |
$59,000
$323,547
$76,832/yr
The median home price in Wilmington is $295,000, below the national median of $420,000. With a median household income of $62,000, the price-to-income ratio is 4.8x — meaning buyers typically spend 4.8 years of gross income on the purchase price.
Property taxes in Wilmington run 0.57% of assessed value. On the median home, that is $1,682 per year, or $140 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Wilmington homeowners a meaningful property tax advantage.
Delaware has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Wilmington is 108 (national average = 100). Day-to-day 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 $236,000 loan saves $10,620 in interest over 30 years.
Compare Top Wilmington Mortgage Lenders