VA Loan Calculator — Delaware
An eligible VA borrower can buy the typical Delaware home ($406,000) with no down payment. The 2.15% first-use funding fee ($8,729) is rolled into a $414,729 loan, and there is no monthly mortgage insurance — saving about $182 a month versus FHA MIP on the same home.
Delaware has the 12th-lowest effective property tax rate of the 50 states at 0.54% — $1,502 less a year than the 0.91% state average on a $406,000 home. Homeowners insurance averages $1,374 a year, the 5th-lowest premium nationally and $1,346 less than the typical state.
Loan Parameters
Total Monthly Payment
$3,065
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$581,597
Total Cost
$1,103,318
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $33,211 | $4,189 | $29,022 | — | $410,540 | -$4,540 |
| Year 2 | $33,211 | $4,493 | $28,718 | — | $406,048 | -$48 |
| Year 3 | $33,211 | $4,819 | $28,392 | — | $401,229 | $4,771 |
| Year 4 | $33,211 | $5,169 | $28,042 | — | $396,060 | $9,940 |
| Year 5 | $33,211 | $5,544 | $27,667 | — | $390,516 | $15,484 |
| Year 6 | $33,211 | $5,947 | $27,264 | — | $384,570 | $21,430 |
| Year 7 | $33,211 | $6,378 | $26,832 | — | $378,191 | $27,809 |
| Year 8 | $33,211 | $6,842 | $26,369 | — | $371,350 | $34,650 |
| Year 9 | $33,211 | $7,338 | $25,872 | — | $364,011 | $41,989 |
| Year 10 | $33,211 | $7,871 | $25,340 | — | $356,140 | $49,860 |
| Year 11 | $33,211 | $8,443 | $24,768 | — | $347,697 | $58,303 |
| Year 12 | $33,211 | $9,056 | $24,155 | — | $338,642 | $67,358 |
| Year 13 | $33,211 | $9,713 | $23,498 | — | $328,929 | $77,071 |
| Year 14 | $33,211 | $10,418 | $22,792 | — | $318,510 | $87,490 |
| Year 15 | $33,211 | $11,175 | $22,036 | — | $307,335 | $98,665 |
| Year 16 | $33,211 | $11,986 | $21,224 | — | $295,349 | $110,651 |
| Year 17 | $33,211 | $12,857 | $20,354 | — | $282,492 | $123,508 |
| Year 18 | $33,211 | $13,790 | $19,420 | — | $268,702 | $137,298 |
| Year 19 | $33,211 | $14,792 | $18,419 | — | $253,910 | $152,090 |
| Year 20 | $33,211 | $15,866 | $17,345 | — | $238,045 | $167,955 |
| Year 21 | $33,211 | $17,018 | $16,193 | — | $221,027 | $184,973 |
| Year 22 | $33,211 | $18,253 | $14,958 | — | $202,774 | $203,226 |
| Year 23 | $33,211 | $19,579 | $13,632 | — | $183,195 | $222,805 |
| Year 24 | $33,211 | $21,000 | $12,211 | — | $162,195 | $243,805 |
| Year 25 | $33,211 | $22,525 | $10,686 | — | $139,670 | $266,330 |
| Year 26 | $33,211 | $24,161 | $9,050 | — | $115,510 | $290,490 |
| Year 27 | $33,211 | $25,915 | $7,296 | — | $89,595 | $316,405 |
| Year 28 | $33,211 | $27,796 | $5,414 | — | $61,798 | $344,202 |
| Year 29 | $33,211 | $29,815 | $3,396 | — | $31,984 | $374,016 |
| Year 30 | $33,215 | $31,984 | $1,231 | — | $0 | $406,000 |
VA Loan numbers for Delaware
- Typical Delaware home value
- $406,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $414,729
- Includes $8,729 financed funding fee
- Estimated monthly payment
- $3,065
- APR 7.242%
- Delaware property tax
- 0.54%
- $183/mo
- Homeowners insurance
- $1,374/yr
- $115/mo
- VA funding fee (first use)
- 2.15% · $8,729
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $182/mo
- Same $406,000 home, FHA at 3.5% down
How much house can you afford in Delaware with a va loan?
Highest price where principal, interest, Delaware property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $144,000 | $0 | 35% |
| $75,000 | $1,750 | $225,000 | $0 | 55% |
| $100,000 | $2,333 | $305,000 | $0 | 75% |
| $125,000 | $2,917 | $385,000 | $0 | 95% |
| $150,000 | $3,500 | $465,000 | $0 | 115% |
| $200,000 | $4,667 | $626,000 | $0 | 154% |
| $250,000 | $5,833 | $786,000 | $0 | 194% |
VA vs other loan types in Delaware
$406,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $40,600 | $365,400 | — | $219 PMI | $2,955 | 7.488% |
| FHA | 3.5% · $14,210 | $398,646 | UFMIP $6,856 | $182 MIP | $3,139 | 7.761% |
| VA | 0% · $0 | $414,729 | Funding fee $8,729 | $0 | $3,065 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $81,200 | $324,800 | — | $0 | $2,465 | 7.030% |
Frequently asked questions
What is the monthly payment on a $406,000 home with a va loan in Delaware?
Estimated $3,065 per month ($2,768 principal & interest, $183 property tax, $115 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $406,000 Delaware home?
$8,729 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.