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Clay County FHA Loan Calculator

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

Loan Details

Clay County, NE Benchmarks

FHA averages
Typical Property Value$233,125
Average Down Payment10.5%
Average Interest Rate6.464%
Effective Tax Rate1.18%
Median Tax Paid$1,870/yr
Tax Growth (Historical)-3.8%
Based on 16 regional loans totaling $3,320,000 (HMDA database).
$
%

$24,478 down · $208,647 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$229 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,804/mo

  • Principal & Interest$1,336
  • Property Tax$229
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$212,298

Total Interest

$268,766

Total of Payments

$481,064

*Includes financed FHA Upfront MIP of $3,651

Local Market Insights

Clay County FHA Mortgage Overview

In Clay County, Nebraska, the 10.54% 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 due to the 89.46% loan-to-value ratio. This structure is ideal for buyers with sub-620 credit focusing on FHA down payment options. The 1.18% effective property tax rate, combined with a recent -3.8% inflation-adjusted tax decline, reduces monthly costs. When evaluating FHA loan limits and tax impacts, this market offers stable affordability despite permanent MIP. Use an FHA mortgage assessment with property taxes to gauge true monthly payments.

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.