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Wayne County FHA Loan Calculator

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

Loan Details

Wayne County, NE Benchmarks

FHA averages
Typical Property Value$233,182
Average Down Payment15.5%
Average Interest Rate6.248%
Effective Tax Rate1.20%
Median Tax Paid$2,486/yr
Tax Growth (Historical)-0.8%
Based on 11 regional loans totaling $2,075,000 (HMDA database).
$
%

$36,143 down · $197,039 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$233 / month

$

Annual premium

$

Per month

%

$84 / month

Estimated Monthly Payment

$1,701/mo

  • Principal & Interest$1,234
  • Property Tax$233
  • Home Insurance$150
  • FHA MIP$84
Amortization · Remaining Balance

Financed Loan Amount

$200,487

Total Interest

$243,909

Total of Payments

$444,396

*Includes financed FHA Upfront MIP of $3,448

Local Market Insights

Wayne County FHA Mortgage Overview

For Wayne County homebuyers using an FHA loan, the 15.54% average down payment provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, even with this equity level. The 84.46% loan-to-value ratio confirms this is a low-risk, owner-occupied market (100% primary residences), ideal for buyers with sub-620 credit scores seeking an FHA loan with PMI and taxes in Wayne County, NE. The effective 1.20% property tax rate, combined with a recent -0.8% inflation-adjusted tax decrease, slightly improves monthly affordability, making the Wayne County FHA mortgage with property taxes more manageable for long-term budgeting.

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.