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Wheeler County FHA Loan Calculator

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

Loan Details

Wheeler County, NE Benchmarks

FHA averages
Typical Property Value$95,000
Average Down Payment-1.5%
Average Interest Rate8.250%
Effective Tax Rate0.98%
Median Tax Paid$1,164/yr
Tax Growth (Historical)-8.9%
Based on 1 regional loans totaling $95,000 (HMDA database).
$
%

-$1,425 down · $96,425 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$78 / month

$

Annual premium

$

Per month

%

$45 / month

Estimated Monthly Payment

$1,010/mo

  • Principal & Interest$737
  • Property Tax$78
  • Home Insurance$150
  • FHA MIP$45
Amortization · Remaining Balance

Financed Loan Amount

$98,112

Total Interest

$167,239

Total of Payments

$265,351

*Includes financed FHA Upfront MIP of $1,687

Local Market Insights

Wheeler County FHA Mortgage Overview

In Wheeler County, the FHA market shows a -1.50% weighted down payment, effectively rolling closing costs into the loan. With a 101.50% LTV, buyers require minimal upfront cash, but mandatory MIP remains for the loan’s life—ideal for those with sub-620 credit. The 0.98% effective property tax rate, coupled with an -8.9% inflation-adjusted decline, lowers true monthly affordability. For a $95,000 property at 8.250% interest, this tax relief partially offsets the higher rate. This data, reflecting 100% primary occupancy, underscores FHA’s role for entry-level buyers using an FHA loan with PMI and taxes in Wheeler County, NE.

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.