CALCMONEY // MORTGAGE // FL // DELRAY BEACH
Calculate your monthly mortgage payment using Delray Beach-specific property tax rates and local market data.
$1,200,000
6.9%
1%
182
| Principal & Interest | $6,323 |
| Property Tax | $1,000 |
| Homeowners Insurance (est.) | $400 |
| Total Monthly Payment (PITI) | $7,723 |
$240,000
$1,316,122
$330,967/yr
$1,200,000 buys the median home in Delray Beach right now. With 20% down, that's a $240,000 down payment and a $960,000 loan, set against a $212,000 median household income.
Factor in $1,000/month for property tax in Delray Beach, based on the area's 1% effective rate applied to the median home price. That's $12,000 annually.
No state income tax in Florida means the $212,000 median household income stretches further than the same salary would in an income-tax state, which matters directly against a $7,723/month payment.
Day-to-day expenses in Delray Beach track at 182 against the national 100 baseline, above average once you look past the mortgage payment itself.
Delray Beach's median home price runs 100% higher than nearby Miami: $600,000 there versus $1,200,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $960,000 loan saves $43,200 in interest over 30 years.
Compare Top Delray Beach Mortgage LendersNeighborhood-level data for 1 ZIP codes in Delray Beach. Rates, home prices, and estimated payments vary by area.