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Mortgage Calculator &
Closing Costs: Dover, DE

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Dover, Delaware.

Median Home Price
$265K
Population
39K
Avg Monthly Rent
$1,250
Property Tax Rate
0.56%
Dover vs Delaware Median
The median home price in Dover is $265,000, which is 25% below the Delaware state median of $355,000.

Mortgage Calculator — Dover, DE

Pre-filled with Dover median home price and Delaware tax/insurance rates. Adjust for your property.

$
$53,000
%
%
years
DE avg
%
$
Monthly Payment (PITI)
$1,572
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,340
per month
Taxes & Insurance
$232
per month
Total Interest Paid
$270K
over 30 years
Total Loan Cost
$482K
all payments
Payment Breakdown
Loan Amount$212,000
Principal & Interest$1,340
Property Taxes$124
Homeowners Insurance$108
Total Monthly PITI$1,572

Closing Costs — Dover, DE

Estimated closing costs based on Delaware rates and fees applied to Dover prices.

$
%
Delaware: Avg closing costs 3.3% of price. Transfer tax: 4%.
Estimated Closing Costs
$18,604
7.0% of purchase price
Lender Fees
$2,333
origination, underwriting
Third-Party
$2,775
appraisal, title, inspection
Government Fees
$10,600
transfer taxes, recording
Prepaids + Escrow
$2,896
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$1,908
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,625
Recording Fee$150
Transfer Tax$10,600
Prepaid Taxes (3 mo)$371
Prepaid Insurance (12 mo)$1,300
Prepaid Interest (15 days)$637
Escrow Reserves$588
Total Closing Costs$18,604

Buying a Home in Dover, Delaware

The median home price in Dover is $265,000, 25% below the Delaware state median of $355,000. With a population of 39,403, Dover is a smaller market where home prices tend to be more accessible than in many parts of Delaware.

Property taxes in Delaware average 0.56% annually. This low property tax rate is a significant advantage for Dover buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Delaware runs approximately $1,300 per year. This is within the normal range nationally.

Average rent in Dover is $1,250/month. The price-to-rent ratio in Dover is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Dover presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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