Mortgage Calculator — Delaware
Pre-filled with Delaware's average home price of $345000, property tax rate of 0.45%, and average insurance of $1500/year. Adjust any value below.
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Delaware Housing Market
Delaware has no sales tax and very low property taxes, making total ownership costs relatively low. Wilmington attracts financial services and corporate headquarters. Sussex County's beach towns (Rehoboth, Dewey) carry luxury premiums.
Affordability in Delaware
Delaware's low property tax rate of 0.45% keeps monthly carrying costs well below neighboring Maryland and New Jersey. Wilmington and Dover markets offer accessible entry points for first-time buyers in the Delaware Valley region.
Key Markets
First-Time Buyer Programs in Delaware
First State Home Loan
Fixed-rate mortgage for first-time buyers, with income and price limits.
DSHA Down Payment Assistance
0% deferred second loan toward down payment and closing costs.
Programs are run by the Delaware State Housing Authority (DSHA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Delaware
Delaware's effective property tax rates are among the lowest in the Northeast, because assessments in many counties are decades old. Court-ordered reassessments are now raising values. At Delaware's average effective rate of 0.45%, a $345,000 home pays roughly $1,550/year (about $129/month).
Delaware Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Delaware
Delaware's transfer tax is among the highest in the US: 4% in most areas (2.5% state plus 1.5% local), customarily split between buyer and seller. First-time buyers get a state exemption on part of their share.
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