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Boone County FHA Loan Calculator

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

Loan Details

Boone County, NE Benchmarks

FHA averages
Typical Property Value$237,222
Average Down Payment13.4%
Average Interest Rate6.028%
Effective Tax Rate1.03%
Median Tax Paid$1,781/yr
Tax Growth (Historical)+3.3%
Based on 9 regional loans totaling $1,715,000 (HMDA database).
$
%

$31,788 down · $205,434 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$204 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,698/mo

  • Principal & Interest$1,257
  • Property Tax$204
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$209,029

Total Interest

$243,588

Total of Payments

$452,618

*Includes financed FHA Upfront MIP of $3,595

Local Market Insights

Boone County FHA Mortgage Overview

For homebuyers in Boone County, Nebraska, the 13.42% average down payment on an FHA loan provides accessible entry, but note the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan. With an 86.58% loan-to-value ratio and 100% primary occupancy, this data reflects standard owner-occupants. The 1.03% effective property tax rate and a recent 3.3% inflation-adjusted tax shift will increase true monthly affordability costs. When evaluating an FHA loan with PMI and taxes in Boone County, NE, or analyzing Boone County FHA loan limits and property taxes, remember the MIP never cancels, making this ideal for buyers with sub-620 credit.

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.