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Cheyenne County FHA Loan Calculator

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

Loan Details

Cheyenne County, NE Benchmarks

FHA averages
Typical Property Value$201,667
Average Down Payment16.6%
Average Interest Rate6.370%
Effective Tax Rate1.54%
Median Tax Paid$2,301/yr
Tax Growth (Historical)-0.7%
Based on 39 regional loans totaling $5,355,000 (HMDA database).
$
%

$33,477 down · $168,190 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$259 / month

$

Annual premium

$

Per month

%

$71 / month

Estimated Monthly Payment

$1,547/mo

  • Principal & Interest$1,067
  • Property Tax$259
  • Home Insurance$150
  • FHA MIP$71
Amortization · Remaining Balance

Financed Loan Amount

$171,134

Total Interest

$213,019

Total of Payments

$384,153

*Includes financed FHA Upfront MIP of $2,943

Local Market Insights

Cheyenne County FHA Mortgage Overview

In Cheyenne County, the 16.64% average down payment on an FHA loan provides accessible entry for owner-occupants, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life regardless of equity built. With an 83.36% LTV ratio, this market suits buyers with sub-620 credit scores seeking a primary residence. The 1.54% effective property tax rate, adjusted down by -0.7% for inflation, slightly boosts monthly affordability. For those exploring an FHA loan with PMI and taxes in Cheyenne County, NE, or checking FHA loan limits and property tax impacts, this data confirms a stable, low-risk owner-occupied environment.

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.