Delaware homeowners spend about $38 less on their mortgages than the national average. However, each homeowner will see varying rates. MoneyGeek’s Delaware state mortgage calculator calculates mortgage costs by accounting for the cost of your home, interest rates established by your lender, annual property and real estate taxes and other criteria that may affect your mortgage payment amounts.
On average, homes in Delaware cost around $236,300, and the average outstanding mortgage amount in the state is $185,527. The annual property tax in Delaware is approximately $1,240.
In Delaware, the average monthly payment is $1,121. With the average Delaware household earning approximately $7,247, mortgage payments account for about 15% of residents’ monthly income.