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Dakota County FHA Loan Calculator

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

Loan Details

Dakota County, NE Benchmarks

FHA averages
Typical Property Value$261,538
Average Down Payment7.6%
Average Interest Rate6.410%
Effective Tax Rate1.25%
Median Tax Paid$2,854/yr
Tax Growth (Historical)+3.3%
Based on 26 regional loans totaling $6,230,000 (HMDA database).
$
%

$19,877 down · $241,661 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$272 / month

$

Annual premium

$

Per month

%

$102 / month

Estimated Monthly Payment

$2,065/mo

  • Principal & Interest$1,540
  • Property Tax$272
  • Home Insurance$150
  • FHA MIP$102
Amortization · Remaining Balance

Financed Loan Amount

$245,890

Total Interest

$308,390

Total of Payments

$554,280

*Includes financed FHA Upfront MIP of $4,229

Local Market Insights

Dakota County FHA Mortgage Overview

In Dakota County, the average FHA buyer puts down 7.60% on a $261,538 property, with a 92.40% LTV ratio. This low entry point is accessible, but mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, regardless of equity. The 1.25% effective property tax rate, coupled with a 3.3% inflation-adjusted increase, directly impacts monthly affordability. For those using an FHA loan calculator with PMI and taxes in Dakota County, NE, this tax shift adds a recurring cost. All loans here are for primary residences, confirming this is a stable, owner-occupied market rather than an investment play.

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.