Can I Afford a $100K Home in Delaware?
Complete mortgage breakdown for a $100,000 home in Delaware, including monthly payments, property taxes, insurance, and the salary you need to qualify.
Estimated Monthly Payment (20% down)
$670/mo
P&I: $526 + Tax: $44 + Insurance: $100
Monthly Payment by Down Payment
| Down Payment | Amount | Monthly | Income Needed |
|---|---|---|---|
| 3% | $3,000 | $822 | $35,220 |
| 5% | $5,000 | $808 | $34,621 |
| 10% | $10,000 | $773 | $33,124 |
| 20% | $20,000 | $670 | $28,702 |
Monthly Cost Breakdown (Delaware)
Principal & Interest
$526/mo
Property Tax (0.53%)
$44/mo
Homeowners Insurance
$100/mo
Total Interest (30-yr)
$109,195
Affordability Rules of Thumb
28% Rule (Housing)
$28,702/yr
Minimum gross income
36% Rule (All Debt)
$22,324/yr
If no other debt
3Ã Income Rule
$33,333/yr
Conservative target
Buying a $100K Home in Delaware
A $100,000 home in Delaware is at or below the national median home price. With a 20% down payment of $20,000, your estimated monthly payment of $670 is achievable on a salary of $28,702 or more. Delaware's property tax rate of 0.53% is relatively low, helping keep costs down.
These estimates assume a 6.875% 30-year fixed mortgage rate. Use our mortgage calculator for custom scenarios, or check what salary you can afford in Delaware.