CALCMONEY // MORTGAGE // DE // SMYRNA
Calculate your monthly mortgage payment using Smyrna-specific property tax rates and local market data.
$295,000
6.9%
0.54%
100
| Principal & Interest | $1,554 |
| Property Tax | $133 |
| Homeowners Insurance (est.) | $98 |
| Total Monthly Payment (PITI) | $1,785 |
$59,000
$323,547
$76,516/yr
Smyrna's median home price sits at $295,000, 30% below the $420,000 national median. On a $65,000 median household income, that puts the price-to-income ratio at 4.5x, or 4.5 years of gross pay for the purchase price alone.
Smyrna's 0.54% property tax rate runs below the 1.1% national average. That's $133/month on the median home here, not a rounding error against the mortgage payment.
Unlike the nine no-income-tax states, Delaware taxes wage income. Worth running your actual take-home pay against the $1,785/month payment here before locking in a target price.
Day-to-day expenses in Smyrna track at 100 against the national 100 baseline, at average once you look past the mortgage payment itself.
Smyrna's median home price runs almost identical to nearby Wilmington, both landing close to $295,000.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $236,000 loan saves $10,620 in interest over 30 years.
Compare Top Smyrna Mortgage Lenders