Nebraska Mortgage Calculator

Mortgage is next to the only affordable option for low to average income home buyers in many parts of Nebraska and the rest of the United States. On this page we offer a convenient Nebraska home loan calculator to gauge your potential expenses, and up-to-date answers to several frequently asked questions concerning buying a house in Nebraska.

Mortgage details
Home price
Down payment
Loan term
Interest rate
Mortgage results
Total amount paid
Total principal & interest$0
Monthly payment$0
Total interest paid$0
Payoff dateDate
Print payments schedule

Detailed payment info

DatePaymentPrincipal PaidInterest PaidRemaining Balance

Today's Mortgage Rates Trends in Nebraska

Best mortgage lenders in Nebraska

The most popular mortgage lenders in Nebraska operate nationwide. These include such recognizable names as Rocket Mortgage, NBKC Bank, Paddio®. Several lesser known but trustworthy options include Nebraska-based Eagle Mortgage Co, Mortgage Specialists LLC.

How to calculate mortgage payment in Nebraska

Use our fast and simple mortgage calculator NE to evaluate your future monthly expenses. A detailed step-by-step instruction follows below.

Why and How to Use Our Mortgage Calculator

Use our house payment calculator Nebraska for thorough planning of your future spendings. Let’s take a closer look at each field in order to gain a better understanding of the mortgage in Nebraska parameters.

The first piece of the puzzle is the home price – that is, how much you are planning to spend on your future property. A down payment is the portion of this price to be paid upfront. To avoid costly insurance, you must come up with at least 20% down (in case of a conventional loan). The remaining amount makes up the principal (e.g. 80% of the home price given a 20% down payment).

A loan term is the period of full repayment of your mortgage by making scheduled payments. Fixed-rate conforming loans are allowed to last 30 years most, while adjustable-rate options typically have shorter terms.

An interest rate is a fixed or floating fraction of the principal that you must pay through the duration of the loan. It is worth mentioning that you are actually charged an annual percentage rate (commonly abbreviated as APR), which is not exactly the same as the interest rate. Although the interest rate makes up the bulk of the APR value, the latter also includes various fees (e.g. origination fee, closing costs, insurance payments etc).

For more precise assessment, the interest rate used for these calculations is based on the current mortgage rates in Nebraska, given a $400,000 home price and a 10% down payment.

Median property taxes in Nebraska counties

The property tax is another important thing to consider when selecting your future house. Many lenders insist on setting up a mortgage escrow account to ensure the borrower’s keeping up with the tax and insurance costs.

County Avg. property tax rate Avg. home value
Adams County $1,814 $115,300
Antelope County $1,159 $78,500
Arthur County $1,038 $101,500
Banner County $1,091 $137,200
Blaine County $869 $85,900
Boone County $1,072 $105,600
Box Butte County $1,529 $105,400
Boyd County $854 $63,800
Brown County $1,067 $80,200
Buffalo County $1,812 $161,200
Burt County $1,350 $91,600
Butler County $1,495 $111,500
Cass County $2,651 $166,200
Cedar County $1,299 $113,600
Chase County $1,329 $109,900
Cherry County $1,426 $119,800
Cheyenne County $1,715 $114,100
Clay County $1,499 $85,000
Colfax County $1,481 $94,300
Cuming County $1,412 $113,200
Custer County $1,095 $92,800
Dakota County $1,868 $116,400
Dawes County $1,481 $107,500
Dawson County $1,580 $101,000
Deuel County $1,035 $76,300
Dixon County $1,396 $87,600
Dodge County $1,799 $119,600
Douglas County $2,784 $167,600
Dundy County $1,116 $73,900
Fillmore County $1,392 $76,100
Franklin County $901 $62,000
Frontier County $1,274 $98,200
Furnas County $986 $65,300
Gage County $1,803 $108,800
Garden County $881 $81,800
Garfield County $1,269 $96,100
Gosper County $1,661 $116,300
Grant County $800 $55,300
Greeley County $931 $69,400
Hall County $1,951 $136,500
Hamilton County $1,730 $136,200
Harlan County $1,210 $83,200
Hayes County $1,228 $77,500
Hitchcock County $828 $58,400
Holt County $1,250 $102,900
Hooker County $833 $85,800
Howard County $1,569 $119,600
Jefferson County $1,421 $75,500
Johnson County $1,410 $82,200
Kearney County $1,646 $128,600
Keith County $1,453 $108,400
Keya Paha County $1,240 $72,000
Kimball County $1,408 $83,200
Knox County $1,082 $85,100
Lancaster County $2,753 $179,400
Lincoln County $1,924 $130,800
Logan County $1,155 $110,900
Loup County $940 $159,100
Madison County $1,722 $126,100
McPherson County $971 $137,500
Merrick County $1,487 $90,900
Morrill County $1,124 $87,400
Nance County $1,136 $80,400
Nemaha County $1,287 $114,600
Nuckolls County $899 $62,300
Otoe County $1,947 $130,700
Pawnee County $953 $71,100
Perkins County $1,240 $105,600
Phelps County $1,521 $120,000
Pierce County $1,472 $102,600
Platte County $1,711 $136,600
Polk County $1,511 $100,200
Red Willow County $1,261 $91,500
Richardson County $1,078 $69,300
Rock County $889 $83,700
Saline County $1,772 $95,000
Sarpy County $3,281 $195,700
Saunders County $2,411 $159,400
Scotts Bluff County $1,660 $116,600
Seward County $2,304 $159,700
Sheridan County $1,192 $70,900
Sherman County $999 $85,400
Sioux County $1,279 $103,200
Stanton County $1,549 $111,900
Thayer County $985 $67,500
Thomas County $851 $82,300
Thurston County $1,091 $79,100
Valley County $1,430 $92,700
Washington County $2,753 $182,400
Wayne County $1,717 $133,000
Webster County $1,091 $75,600
Wheeler County $808 $104,300
York County $1,470 $128,400

Source: American Communities Survey 2016, U.S. Census

Nebraska Housing Market 2023

The past year has seen a steep increase in the market value of housing in Nebraska. This continues a longstanding trend amplified by the COVID pandemic. Nevertheless, the pace of growth has diminished compared to the previous year, while both purchase and refinance rates have been on the increase for some time and are expected to rise further in the near future.

How do I calculate my mortgage payment?

The most convenient way to do this is to make use of our calculator. It's powered by a simple formula, which you can also use to calculate the amount to be paid by hand:

M = P*i(1 + i)^n / (1 + i)^n – 1

M – estimated monthly mortgage payment;

P – principal;

I – monthly interest rate (to determine it, divide your annual mortgage rate by 12);

N – the loan term expressed in months (in other words, the overall number of monthly payments)

Imagine you are applying for a 15-year mortgage loan with a fixed 6.99% APR (which is .0699 as a unit fraction). The house costs $500k, with 10% ($50,000) to be paid down. The principal amount (P) will be equal to 90% of the initial home cost ($500,000 – $50,000 = $450,000).

I = .0699 % / 12 = .005825%.

Finally, let’s convert the loan length from years to months: N = 15 * 12 = 180.

M ($) = 450,000*.005825(1 + .005825)^180 / (1 + .005825)^180 – 1 ≈ 4042.

So, you are going to pay about $4042 a month.

It is important to note that the calculated M value is approximate, as no extra fees are taken into account.

Tips for first-time home buyers in Nebraska

First, there are several federal agencies (USDA, FHA and VA) that guarantee loans for selected borrowers. Many first-time homebuyers can find options which most fit their budget.

Besides these government-guaranteed programs, it is worth considering some offers from UHC (Nebraska Housing Corporation) available to Nebraskans. In particular, first-time home buyers can apply for FirstHome – down payment and closing costs assistance program, if they qualify for a FHA loan and their FICO score is at least 660. This option covers up to 6% of the loan amount toward down payment and/or the closing costs. It is important to note that this option comes in the form of a 30-year-fixed-rate second loan only. If you do not qualify for the FirstHome program, do not despair. Nebraska Housing Score Loan is an alternative program that covers up to 4%. The minimum satisfactory credit score is 620.

Some useful tips for first-timers:

  1. Get pre-approved beforehand. This will increase your creditworthiness in the home sellers’ eyes. It is highly recommended to get the pre-approval letters from not only one, but at least two or three different lenders.
  2. Compare different mortgage rates. Choose at least three lenders. The more, the better.
  3. Do preliminary calculations based on the amount you have been pre-approved for. Plan your future expenses.
  4. Set aside for a down payment as much as possible – and as early as possible. The down payment will decrease the principal amount, which, in turn, can reduce your potential expenses. So it is important to start saving in advance.
  5. If you are eligible for a VA loan, consider this option first of all.
  6. Consider government-backed plans, as well as local assistance programs. There can be tempting offers – don't miss the boat.
  7. Pay off previous debts, if possible.


How much house can I afford in Nebraska?

To see whether a given property is within the limits of your budget, you must know its value and the tentative loan terms. Feed these to the calculator on the current page. Don't forget to account for your other debts, as well. Most advisers suggest keeping your mortgage payment at less than 28% of your monthly income, with total debt under 36%.

What credit rating do I need to qualify for a mortgage loan in Nebraska?

There is no definitive answer to this question. For conventional loans, credit scores starting from 620 are generally satisfactory. However, the exact conditions vary widely and include other essential criteria, including your income, current debt amount etc. For government-backed FHA plans, there is no predefined threshold, and each lender has the right to set their own requirements. Typically, a credit score of 500 or better may qualify.

What is the average mortgage rate in Nebraska?

At the time of writing, the average rates for conventional fixed-rate mortgages are 7.5000% and 6.7470% for a 30-year and a 15-year loan term, respectively.