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Delaware vs Utah:
Mortgage & Housing Costs

Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Delaware and Utah. Updated for 2026.

MetricDelawareUtah
Median Home Price$355K$480K
Property Tax Rate0.56%0.58%
Avg Closing Costs$12K$6K
Closing Cost %3.3%1.3%
Transfer Tax4%None
Homeowners Insurance$1,300/yr$1,200/yr
First-Time Buyer Program
DSHA Homeownership Loan
Up to 5% Preferred Plus
UHC FirstHome Loan
Up to 6% DPA second
Verdict

Utah wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. However, Delaware has a lower total cost when combining home price, closing costs, and insurance. Both states offer first-time buyer programs — explore the state pages for full details.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.

Delaware
Home Price$355,000
Down Payment (10%)$35,500
Loan Amount$319,500
Monthly P&I$2,019
Monthly Property Tax$166
Monthly Insurance$108
Monthly PMI$133
Total PITI$2,427/mo
Annual property tax: $1,988
Utah
Home Price$480,000
Down Payment (10%)$48,000
Loan Amount$432,000
Monthly P&I$2,731
Monthly Property Tax$232
Monthly Insurance$100
Monthly PMI$180
Total PITI$3,243/mo
Annual property tax: $2,784

Buying in Delaware saves you approximately $816/month ($9,792/year) compared to Utah, based on median home prices with identical loan terms.

Which State Is Right for You?

Delaware offers meaningfully lower home prices than Utah, with median prices running 26% less ($125K difference). This gap translates to both a smaller loan and lower monthly payments. First-time buyers priced out of Utah may find Delaware far more accessible, particularly when combined with local down payment assistance programs.

Property tax rates are similar in both states (Delaware: 0.56%, Utah: 0.58%), so taxes shouldn't be the deciding factor in your relocation decision. Instead, focus on differences in home prices, insurance costs, and state-specific programs. Both states collect roughly comparable property tax revenue relative to home values.

Closing costs are a one-time but significant expense. Delaware averages $12K in closing costs (3.3% of purchase price) while Utah averages $6K (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 Utah's UHC FirstHome Loan offers Up to 6% DPA second. 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.

Key Takeaway

The bottom line: Delaware and Utah are broadly similar in housing costs, with only $816/month separating them in total PITI payments. In cases like this, your decision should be driven by lifestyle preferences — job opportunities, climate, proximity to family, and quality of life — rather than pure cost savings. Either state offers a reasonable path to homeownership.

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