FHA Loan Calculator — Nebraska
On the typical Nebraska home ($281,000), 3.5% down leaves a $271,165 base loan. The 1.75% upfront premium ($4,745) is financed, for a $275,910 loan, and annual MIP of 0.55% adds $126 a month for the life of the loan. Nebraska FHA limits run $541,287–$832,750 by county.
Nebraska has the 7th-highest effective property tax rate of the 50 states at 1.44% — $1,489 more a year than the 0.91% state average on a $281,000 home. Homeowners insurance averages $4,553 a year, the 6th-highest premium nationally and $1,833 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,684
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$386,923
Total Cost
$951,088
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $22,094 | $2,787 | $19,308 | $1,511 | $273,124 | $7,876 |
| Year 2 | $22,094 | $2,989 | $19,106 | $1,495 | $270,135 | $10,865 |
| Year 3 | $22,094 | $3,206 | $18,889 | $1,478 | $266,929 | $14,071 |
| Year 4 | $22,094 | $3,439 | $18,656 | $1,460 | $263,490 | $17,510 |
| Year 5 | $22,094 | $3,688 | $18,406 | $1,440 | $259,802 | $21,198 |
| Year 6 | $22,094 | $3,956 | $18,138 | $1,419 | $255,846 | $25,154 |
| Year 7 | $22,094 | $4,243 | $17,851 | $1,397 | $251,602 | $29,398 |
| Year 8 | $22,094 | $4,552 | $17,543 | $1,372 | $247,051 | $33,949 |
| Year 9 | $22,094 | $4,882 | $17,212 | $1,347 | $242,169 | $38,831 |
| Year 10 | $22,094 | $5,237 | $16,858 | $1,319 | $236,932 | $44,068 |
| Year 11 | $22,094 | $5,617 | $16,478 | $1,289 | $231,316 | $49,684 |
| Year 12 | $22,094 | $6,025 | $16,070 | $1,257 | $225,291 | $55,709 |
| Year 13 | $22,094 | $6,462 | $15,632 | $1,223 | $218,829 | $62,171 |
| Year 14 | $22,094 | $6,931 | $15,163 | $1,186 | $211,898 | $69,102 |
| Year 15 | $22,094 | $7,435 | $14,660 | $1,147 | $204,463 | $76,537 |
| Year 16 | $22,094 | $7,974 | $14,120 | $1,105 | $196,489 | $84,511 |
| Year 17 | $22,094 | $8,553 | $13,541 | $1,059 | $187,936 | $93,064 |
| Year 18 | $22,094 | $9,174 | $12,920 | $1,011 | $178,761 | $102,239 |
| Year 19 | $22,094 | $9,841 | $12,254 | $959 | $168,921 | $112,079 |
| Year 20 | $22,094 | $10,555 | $11,539 | $903 | $158,366 | $122,634 |
| Year 21 | $22,094 | $11,321 | $10,773 | $843 | $147,044 | $133,956 |
| Year 22 | $22,094 | $12,144 | $9,951 | $779 | $134,901 | $146,099 |
| Year 23 | $22,094 | $13,025 | $9,069 | $710 | $121,875 | $159,125 |
| Year 24 | $22,094 | $13,971 | $8,123 | $636 | $107,904 | $173,096 |
| Year 25 | $22,094 | $14,985 | $7,109 | $556 | $92,919 | $188,081 |
| Year 26 | $22,094 | $16,074 | $6,021 | $471 | $76,845 | $204,155 |
| Year 27 | $22,094 | $17,241 | $4,854 | $380 | $59,605 | $221,395 |
| Year 28 | $22,094 | $18,493 | $3,602 | $282 | $41,112 | $239,888 |
| Year 29 | $22,094 | $19,835 | $2,259 | $177 | $21,277 | $259,723 |
| Year 30 | $22,096 | $21,277 | $819 | $64 | $0 | $281,000 |
FHA Loan numbers for Nebraska
- Typical Nebraska home value
- $281,000
- 3.5% down ($9,835) · Zillow, August 31, 2026
- Loan amount
- $275,910
- Includes $4,745 financed UFMIP
- Estimated monthly payment
- $2,684
- APR 7.761%
- Nebraska property tax
- 1.44%
- $337/mo
- Homeowners insurance
- $4,553/yr
- $379/mo
- Upfront MIP (1.75%)
- $4,745
- Financed into the loan
- Annual MIP
- 0.55%
- $126/mo in year 1 · life of loan
- Nebraska FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Nebraska with an fha loan?
Highest price where principal, interest, Nebraska property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $67,000 | $2,345 | 24% |
| $50,000 | $1,167 | $95,000 | $3,325 | 34% |
| $60,000 | $1,400 | $124,000 | $4,340 | 44% |
| $75,000 | $1,750 | $167,000 | $5,845 | 59% |
| $100,000 | $2,333 | $238,000 | $8,330 | 85% |
| $125,000 | $2,917 | $309,000 | $10,815 | 110% |
| $150,000 | $3,500 | $380,000 | $13,300 | 135% |
FHA vs other loan types in Nebraska
$281,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $28,100 | $252,900 | — | $152 PMI | $2,556 | 7.488% |
| FHA | 3.5% · $9,835 | $275,910 | UFMIP $4,745 | $126 MIP | $2,684 | 7.761% |
| VA | 0% · $0 | $287,042 | Funding fee $6,042 | $0 | $2,632 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $56,200 | $224,800 | — | $0 | $2,217 | 7.030% |
Frequently asked questions
What is the monthly payment on a $281,000 home with an fha loan in Nebraska?
Estimated $2,684 per month ($1,841 principal & interest, $337 property tax, $379 insurance, $126 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Nebraska for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.