Mortgage Rates in Delphi, Indiana — March 2026
Updated March 2026 | Based on Delphi market data and regional lending conditions
Delphi is a smaller Indiana community of 29,006 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.71% (0.06% above the national average). The median home price of $275,000 translates to roughly $1,607/month with 20% down — requiring an income of about $68,871, which exceeds the local median of $64,000.
Current Mortgage Rates in Delphi, IN
Below are the current average mortgage rates available in the Delphi area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Delphi Housing Market Overview
At $275,000, Delphi offers more affordable housing than most U.S. metros. The local cost of living index is 95.3 (100 = national average), and the median household income of $64,000 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for Delphi
Based on the median home price of $275,000 with 20% down ($55,000), here is what you can expect to pay monthly in Delphi:
15-Year vs. 30-Year Mortgage in Delphi
Choosing a 15-year mortgage in Delphi at 5.96% instead of a 30-year at 6.71% would save you $178,200 in total interest over the life of the loan. However, your monthly payment would be $1,852 instead of $1,421 — an increase of $431 per month.
Calculate Your Delphi Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Delphi
What are the current mortgage rates in Delphi, IN?
As of March 2026, the average 30-year fixed mortgage rate in Delphi, Indiana is 6.71%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Delphi?
Based on the median home price of $275,000 with 20% down, the estimated monthly mortgage payment in Delphi is $1,421 for principal and interest. Including property taxes of $186/month, the total monthly housing cost is approximately $1,607.
What income do I need to buy a home in Delphi?
Using the 28% rule, you would need an annual income of approximately $68,871 to afford the median-priced home in Delphi at $275,000. The median household income in Delphi is $64,000. This means most households would need to either earn above the median or consider homes below $275,000.
Is Delphi a good place to buy a home in 2026?
Delphi offers a below-average cost of living with a cost of living index of 95.3 (national average = 100). The property tax rate in Indiana is 0.81%, which is near the national average. Delphi has a population of 29,006 and offers a balanced lifestyle.
Mortgage Rates in Other Indiana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Delphi, Indiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.