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Madison County FHA Loan Calculator

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

Loan Details

Madison County, NE Benchmarks

FHA averages
Typical Property Value$243,058
Average Down Payment9.5%
Average Interest Rate6.352%
Effective Tax Rate1.32%
Median Tax Paid$2,854/yr
Tax Growth (Historical)+5.7%
Based on 103 regional loans totaling $21,905,000 (HMDA database).
$
%

$23,091 down · $219,967 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$267 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,903/mo

  • Principal & Interest$1,393
  • Property Tax$267
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$223,817

Total Interest

$277,544

Total of Payments

$501,361

*Includes financed FHA Upfront MIP of $3,849

Local Market Insights

Madison County FHA Mortgage Overview

Madison County's FHA homebuyers are leveraging a 9.46% down payment against a $243,058 average property value, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the life of the loan. With a 90.54% loan-to-value ratio, this is ideal for sub-620 credit scores. The 1.32% effective tax rate, adjusted upward by 5.7% for inflation, adds roughly $267 in annual costs, directly impacting monthly affordability for owner-occupied purchases. When evaluating an FHA loan with PMI and taxes in Madison County, NE, or considering Madison County FHA loan limits, note that MIP is permanent—unlike conventional options—making this a stable, long-term choice for primary residences.

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.