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Polk County FHA Loan Calculator

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

Loan Details

Polk County, NE Benchmarks

FHA averages
Typical Property Value$178,333
Average Down Payment12.4%
Average Interest Rate6.374%
Effective Tax Rate0.93%
Median Tax Paid$1,888/yr
Tax Growth (Historical)+4.8%
Based on 12 regional loans totaling $1,770,000 (HMDA database).
$
%

$22,113 down · $156,220 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$138 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,346/mo

  • Principal & Interest$991
  • Property Tax$138
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$158,954

Total Interest

$197,858

Total of Payments

$356,812

*Includes financed FHA Upfront MIP of $2,734

Local Market Insights

Polk County FHA Mortgage Overview

In Polk County, the 12.37% average down payment for FHA loans provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the high 87.63% loan-to-value ratio. This data reflects owner-occupied buyers. With an effective property tax rate of 0.93% and a recent 4.8% inflation-adjusted tax shift, monthly affordability is impacted. For those using an FHA loan with PMI and taxes in Polk County, NE, this structure suits buyers with sub-620 credit seeking lower upfront costs. The average 6.374% rate on a $178,333 property underscores the need to evaluate long-term MIP costs alongside property taxes.

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.