Mortgage Rates in Daphne, Alabama — March 2026
Updated March 2026 | Based on Daphne market data and regional lending conditions
Daphne is a growing city in Alabama with a population of 28,378. The current 30-year fixed mortgage rate in Daphne is 6.69%, which is 0.04% above the national average. With a median home price of $315,000 and a 20% down payment of $63,000, homebuyers can expect a monthly principal and interest payment of approximately $1,624.
Current Mortgage Rates in Daphne, AL
Below are the current average mortgage rates available in the Daphne 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 | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.29% | 6.25% | +0.04% |
| VA | 6.09% | 6.05% | +0.04% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Daphne Housing Market Overview
The Daphne housing market reflects moderate demand with prices near the national average. The median household income in Daphne is $62,000, and the cost of living index is 92 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $74,443 to comfortably afford the median-priced home in Daphne, which exceeds the current median household income.
Monthly Payment Breakdown for Daphne
Based on the median home price of $315,000 with 20% down ($63,000), here is what you can expect to pay monthly in Daphne:
15-Year vs. 30-Year Mortgage in Daphne
Choosing a 15-year mortgage in Daphne at 5.93% instead of a 30-year at 6.69% would save you $203,580 in total interest over the life of the loan. However, your monthly payment would be $2,117 instead of $1,624 — an increase of $493 per month.
Calculate Your Daphne 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 Daphne
What are the current mortgage rates in Daphne, AL?
As of March 2026, the average 30-year fixed mortgage rate in Daphne, Alabama is 6.69%, while the 15-year fixed rate is 5.93%. FHA loans average 6.29% and VA loans 6.09%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Daphne?
Based on the median home price of $315,000 with 20% down, the estimated monthly mortgage payment in Daphne is $1,624 for principal and interest. Including property taxes of $113/month, the total monthly housing cost is approximately $1,737.
What income do I need to buy a home in Daphne?
Using the 28% rule, you would need an annual income of approximately $74,443 to afford the median-priced home in Daphne at $315,000. The median household income in Daphne is $62,000. This means most households would need to either earn above the median or consider homes below $315,000.
Is Daphne a good place to buy a home in 2026?
Daphne offers a below-average cost of living with a cost of living index of 92 (national average = 100). The property tax rate in Alabama is 0.43%, which is below the national average. Daphne has a population of 28,378 and offers a very affordable lifestyle.
Mortgage Rates in Other Alabama Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Daphne, Alabama area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.