Calculate your monthly mortgage payment in Nebraska. Pre-filled with Nebraska's median home price of $240,000 and an average property tax rate of 1.73%.
Est. Monthly Payment
$1,861
Principal & Interest
$1,415
Property Tax / mo
$346
Total Interest Paid
$293,530
| Home Price | $240,000 | Median home price in Nebraska (2025) |
| Down Payment | 10% ($24,000) | Typical down payment percentage |
| Loan Amount | $216,000 | Home price minus down payment |
| Interest Rate | 6.85% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 1.73% / year | Nebraska average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
NIFA Homebuyer Assistance, First Home Program
Cost of living: Low · Population: 1,961,504
Nebraska has a median home price of approximately $240,000, placing it below the national median. With a 10% down payment of $24,000, a typical buyer would finance $216,000 over 30 years. At a 6.85% fixed rate, the monthly principal and interest payment comes to $1,415.
Property taxes in Nebraska average 1.73% of the assessed home value annually — one of the higher rates in the country. Combined with an estimated $100 for homeowners insurance, your all-in monthly housing cost is approximately $1,861.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $79,773 to qualify comfortably. The median household income in Nebraska is $63,488.
