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Merrick County FHA Loan Calculator

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

Loan Details

Merrick County, NE Benchmarks

FHA averages
Typical Property Value$219,103
Average Down Payment10.2%
Average Interest Rate6.318%
Effective Tax Rate1.02%
Median Tax Paid$2,280/yr
Tax Growth (Historical)+12.3%
Based on 39 regional loans totaling $7,295,000 (HMDA database).
$
%

$22,349 down · $196,754 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$186 / month

$

Annual premium

$

Per month

%

$83 / month

Estimated Monthly Payment

$1,661/mo

  • Principal & Interest$1,242
  • Property Tax$186
  • Home Insurance$150
  • FHA MIP$83
Amortization · Remaining Balance

Financed Loan Amount

$200,198

Total Interest

$246,843

Total of Payments

$447,041

*Includes financed FHA Upfront MIP of $3,443

Local Market Insights

Merrick County FHA Mortgage Overview

For Merrick County homebuyers, the 10.24% down payment on an FHA loan provides accessible entry, but note that the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life, regardless of equity buildup. With a high 89.76% Loan-to-Value (LTV) ratio, this is typical for first-time buyers with sub-620 credit scores using an FHA loan with PMI and taxes in Merrick County, NE. The 1.02% effective property tax rate, compounded by a 12.3% inflation-adjusted tax increase, raises monthly affordability concerns. When evaluating an FHA loan down payment in Merrick County, Nebraska, factor in both MIP and rising taxes. For an accurate Merrick County FHA mortgage with property taxes, consider that the $219,102 average property value and 6.318% rate make this market ideal for owner-occupants, not investors.

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.