Mortgage on a $200K house in Nebraska
$1,395 a month with 20% down — $1,076 principal and interest plus $219 property tax and $100 insurance.
Nebraska's typical property tax is 1.31% of the home's value a year (U.S. average 0.9%), which adds $219 a month on a $200K home. The typical home in Nebraska is worth $278,299, so $200K is 28% below the typical price.
$200K home in Nebraska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $319 | $1,395 | $59,800 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $319 | $1,605 | $68,800 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $319 | $1,676 | $71,800 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $319 | $1,728 | $74,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.31% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Nebraska does $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Dawson County | $199,542 | 1.31% | $1,394 |
| Dixon County | $199,125 | 1.2% | $1,377 |
| Gage County | $200,898 | 1.41% | $1,411 |
| Scotts Bluff County | $196,514 | 1.48% | $1,423 |
| Sherman County | $192,607 | 1.16% | $1,370 |
| Burt County | $192,436 | 1.32% | $1,396 |
| Dawes County | $189,283 | 1.45% | $1,417 |
| Adams County | $210,915 | 1.45% | $1,417 |
| Phelps County | $211,324 | 1.32% | $1,396 |
| Knox County | $212,114 | 1.15% | $1,368 |
| Johnson County | $214,386 | 1.32% | $1,396 |
| Antelope County | $214,956 | 1.23% | $1,382 |
40 of 89 Nebraska counties tracked by Zillow have a typical home value at or below $200K. See all Nebraska home prices.
Other prices in Nebraska
Frequently asked questions
What is the mortgage on a $200K house in Nebraska?
About $1,395 a month with 20% down at 7.11%: $1,076 principal and interest, $219 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Nebraska?
About $59,800 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Nebraska?
At Nebraska's typical effective rate of 1.31%, about $2,625 a year. Rates vary by county and city — see the county pages.