Delaware Mortgage Calculator 2026
Calculate your monthly mortgage payment in Delaware. Updated with 2026 Delaware mortgage rates (6.4% avg), property tax (0.57%), and insurance. 10,000+ Delaware homebuyers use this free calculator.
How to Use This Delaware Mortgage Calculator
Enter your home price, down payment, and interest rate to instantly calculate your monthly mortgage payment in Delaware. Results include Principal & Interest (P&I), Property Tax, Homeowners Insurance, and total interest paid.
Delaware Mortgage Rates in 2026
The average mortgage rate in Delaware is currently 6.4% for a 30-year fixed-rate loan. Rates typically range from 6.1% to 6.7% depending on your credit score and down payment.
Delaware Property Taxes
Delaware has an effective property tax rate of approximately 0.57% per year, lower than the national average.
Average Home Price in Delaware
The median home price in Delaware is approximately $320,000. At 20% down ($64,000), your loan amount is $256,000. Monthly P&I at 6.4% is approximately $1,601.
30-Year vs 15-Year Mortgage in Delaware
| Loan Type | Monthly P&I | Total Interest |
|---|---|---|
| 30-Year Fixed @ 6.4% | $1,601 | $320,360 |
| 15-Year Fixed @ 6.4% | $2,215 | $142,700 |
Delaware Home Price Trends (2020-2026)
- Median home price 2026: $362K
- 5-year change (2020-2026): +36.6% ($265K → $362K)
- 1-year change (2025-2026): +2.0%
- Peak price: $362K (2026)
Delaware Rent Price Trends (2020-2026)
- Median rent 2026: $1,530/month
- 5-year change (2020-2026): +36.6% ($1,120 → $1,530/month)
- 1-year change (2025-2026): +1.7%
- Annual rent cost: $18,360/year
Buy vs Rent: Delaware Price-to-Rent Ratio
- Price-to-rent ratio: 19.7 (median home price ÷ annual rent)
- Assessment: Renting is more affordable than buying
- Rule of thumb: Ratio below 15 favors buying; above 20 favors renting; 15-20 is a toss-up
- Estimated monthly mortgage: ~$2,353/month (6.5% rate, 20% down)
- Monthly rent: $1,530/month
Data sources: Zillow Home Value Index, FRED, Census Bureau estimates. 2026 figures are projected based on recent trends.
Popular Cities in Delaware
Frequently Asked Questions
What is the average mortgage rate in Delaware?
As of 2026, average Delaware mortgage rates range from 6.1% to 6.7% for a 30-year fixed-rate loan.
How much down payment do I need in Delaware?
Most lenders require 3-20% down. Conventional loans need 5-20%, FHA loans accept as little as 3.5%.
Are property taxes high in Delaware?
Delaware has an effective property tax rate of approximately 0.57% annually.
What is PMI?
PMI is required if down payment is less than 20%. Once you reach 20% equity, you can request cancellation.
What documents do I need for a Delaware mortgage?
Pay stubs, W-2s or tax returns (2 years), bank statements (3 months), valid ID, and debt details.
How long does mortgage approval take in Delaware?
Mortgage approval in Delaware typically takes 30-45 days from application to closing.