Delaware · DE

Delaware Mortgage Calculator

Pre-filled for Delaware: median home price $360,000, average property tax rate 0.57%. Adjust any slider to make it yours.

Delaware housing at a glance

Median home price: $360,000
Effective property tax rate: 0.57% / yr
Annual property tax (median home): $2,052
Est. monthly tax escrow: $171
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Delaware

The median home price in Delaware is around $360,000 and the effective property tax rate averages 0.57%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Delaware is $72,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Top counties in Delaware

Home prices vary significantly by county. The most populated counties in Delaware tend to command the highest medians:

New Castle County: $350,000
Sussex County: $420,000
Kent County: $285,000

Adjust the home-price slider above to match the county you're buying in.

Transfer tax & closing costs in Delaware

Delaware has one of the highest realty transfer taxes in the US — 4% total of the sale price (2.5% state + 1.5% county), typically split 50/50 between buyer and seller.

Beyond transfer taxes, total closing costs in Delawaretypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $7,200–$18,000.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Recourse

Delaware uses judicial foreclosure through Superior Court; median timeline is 8–10 months from default to sheriff's sale.

Delaware mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Delaware?: At the current 30-year fixed rate of ~6.81%, a $360,000 home in Delaware with 20% down ($72,000) carries a principal-and-interest payment of ~$1,879/mo. Add property tax (~$171/mo at 0.57%) and homeowners insurance and your total is roughly $2,050/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Delaware?: The effective statewide property tax rate in Delaware averages 0.57% of assessed value per year. On a $360,000 home, that works out to roughly $2,052 per year ($171/mo). Individual county rates vary.
Does Delaware have a state income tax?: Yes, Delaware has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Delaware?: Delaware has one of the highest realty transfer taxes in the US — 4% total of the sale price (2.5% state + 1.5% county), typically split 50/50 between buyer and seller.
What type of foreclosure does Delaware use?: Delaware uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property. Delaware uses judicial foreclosure through Superior Court; median timeline is 8–10 months from default to sheriff's sale.

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