Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Delaware and Oklahoma. Updated for 2026.
Oklahoma wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $210K and lower overall costs, Oklahoma offers meaningful savings compared to Delaware. Both states offer first-time buyer programs — explore the state pages for full details.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in Oklahoma saves you approximately $700/month ($8,400/year) compared to Delaware, based on median home prices with identical loan terms.
Oklahoma offers meaningfully lower home prices than Delaware, with median prices running 41% less ($145K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Delaware may find Oklahoma far more accessible, particularly when combined with local down payment assistance programs.
Delaware has a moderate property tax advantage at 0.56% versus Oklahoma's 0.88%. While the rate gap of 0.32% may seem small, it translates to an annual difference of approximately $140 when applied to each state's median home price. Over a typical homeownership period of 7-10 years, that adds up to $1K in savings.
Homeowners insurance is significantly cheaper in Delaware ($1,300/year) compared to Oklahoma ($3,600/year). That's an extra $2,300 per year — or $192/month — eating into your budget in Oklahoma. Oklahoma's high insurance costs are often driven by severe weather risks (hurricanes, tornadoes, or wildfires), which also affect availability of coverage.
Closing costs are a one-time but significant expense. Delaware averages $12K in closing costs (3.3% of purchase price) while Oklahoma averages $3K (1.3%). Much of Delaware's higher costs come from its 4% transfer tax, which adds $14K to the median home purchase. Budget for these upfront costs — they affect how much cash you need on hand at closing.
Both states offer down payment assistance for first-time buyers. Delaware's DSHA Homeownership Loan provides Up to 5% Preferred Plus, while Oklahoma's OHFA Homebuyer DPA offers Up to 3.5% DPA. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: Oklahoma homes cost $145K less than Delaware on average. That translates to roughly $700 less per month in total housing costs if you choose Oklahoma. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.