Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Delaware mortgage costs
What a typical Delaware (DE) purchase actually costs each month once property tax, insurance and PMI are included — and how to model your own numbers.
| Median home price | $375,000 |
|---|---|
| 10% down payment | $37,500 |
| Loan amount | $337,500 |
| Principal & interest (30yr @ 6.75%) | $2,189/mo |
| Property tax (0.58%) | $181/mo |
| Homeowners insurance | $92/mo |
| PMI (until 20% equity) | $141/mo |
| Estimated total monthly | $2,603/mo |
Illustrative only, at a 6.75% sample rate with 10% down. Your rate, tax assessment and insurance premium will differ.
What makes Delaware different
Low property tax and no sales tax, but transfer taxes at closing are among the highest in the country.
Insurance is comparatively mild: $1,100 a year is the lowest in the country, or $92 a month against $181 of property tax.
Property tax is the cheap part of owning here. At 0.58% the effective rate is the 10th lowest in the country, which on a median $375,000 home is only $181 a month — $2,175 a year that buyers in higher-rate states simply have to find.
A top state income tax rate of 6.6% makes mortgage interest and property tax deductions worth more here than in a no-income-tax state — though the $10,000 SALT cap limits how much of the $2,175 annual property tax bill actually reduces what you owe.
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