Typical Delaware mortgage payment
The median home price in Delaware is roughly $360,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $2,847 | $1,933 |
| 5.50% | $2,942 | $2,044 |
| 6.00% | $3,038 | $2,158 |
| 6.50% | $3,136 | $2,275 |
| 7.00% | $3,236 | $2,395 |
| 7.50% | $3,337 | $2,517 |
| 8.00% | $3,440 | $2,642 |
At 6.50% over 30 years, a $360,000 home in Delaware costs about $2,275/month in principal & interest.
What affects your Delaware payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.