Kearney County FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Kearney County, NE Benchmarks

FHA averages

Typical Property Value$210,000

Average Down Payment12.2%

Average Interest Rate6.225%

Effective Tax Rate0.97%

Median Tax Paid$2,740/yr

Tax Growth (Historical)-0.6%

Based on 20 regional loans totaling $3,680,000 (HMDA database).

Home Price

Down Payment

$25,620 down · $184,380 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$170 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$78 / month

Estimated Monthly Payment

$1,549/mo

Principal & Interest$1,151
Property Tax$170
Home Insurance$150
FHA MIP$78

Amortization · Remaining Balance

Financed Loan Amount

$187,607

Total Interest

$226,922

Total of Payments

$414,529

*Includes financed FHA Upfront MIP of $3,227

Local Market Insights

Kearney County FHA Mortgage Overview

In Kearney County, the average 12.22% down payment on an FHA loan provides accessible entry for buyers, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the entire loan term, regardless of equity. The 87.78% loan-to-value ratio confirms this, making FHA ideal for those with sub-620 credit scores. The effective property tax rate of 0.97% is moderate, and the recent -0.6% inflation-adjusted tax change slightly improves monthly affordability for an FHA mortgage with PMI and taxes in Kearney County, NE. All data reflects owner-occupied primary residences, not investments.

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.