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Cedar County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Cedar County, Nebraska based on real HMDA transaction records.

Loan Details

Cedar County, NE Benchmarks

FHA averages
Typical Property Value$215,000
Average Down Payment13.0%
Average Interest Rate6.500%
Effective Tax Rate1.03%
Median Tax Paid$1,848/yr
Tax Growth (Historical)-1.9%
Based on 10 regional loans totaling $1,670,000 (HMDA database).
$
%

$27,950 down · $187,050 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$185 / month

$

Annual premium

$

Per month

%

$79 / month

Estimated Monthly Payment

$1,617/mo

  • Principal & Interest$1,203
  • Property Tax$185
  • Home Insurance$150
  • FHA MIP$79
Amortization · Remaining Balance

Financed Loan Amount

$190,323

Total Interest

$242,747

Total of Payments

$433,070

*Includes financed FHA Upfront MIP of $3,273

Local Market Insights

Cedar County FHA Mortgage Overview

For Cedar County homebuyers using an FHA loan, the 13.03% down payment on a $215,000 property provides accessible entry, but note that this FHA mortgage with property taxes requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of equity. The 86.97% LTV ratio confirms this is standard for owner-occupied homes. The effective 1.03% tax rate, combined with a recent -1.9% inflation-adjusted tax decrease, slightly improves monthly affordability. When using an FHA loan calculator with PMI and taxes in Cedar County, NE, factor in these permanent MIP costs against the low down payment advantage for a true cost picture.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.