Mortgage on a $400K house in Nebraska
$2,790 a month with 20% down — $2,153 principal and interest plus $438 property tax and $200 insurance.
Nebraska's typical property tax is 1.31% of the home's value a year (U.S. average 0.9%), which adds $438 a month on a $400K home. The typical home in Nebraska is worth $278,299, so $400K is 44% above the typical price.
$400K home in Nebraska: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $80,000 | $320,000 | $2,153 | $0 | $638 | $2,790 | $119,600 |
| 10% down | $40,000 | $360,000 | $2,422 | $150 | $638 | $3,209 | $137,500 |
| 5% down | $20,000 | $380,000 | $2,556 | $158 | $638 | $3,352 | $143,700 |
| 3.5% down (FHA) | $14,000 | $392,755 | $2,642 | $177 | $638 | $3,457 | $148,100 |
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 $400K buy a typical home?
In these counties the typical home value is within 15% of $400K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Washington County | $396,936 | 1.39% | $2,817 |
| Saunders County | $357,205 | 1.3% | $2,786 |
| Sarpy County | $356,669 | 1.74% | $2,933 |
| Banner County | $355,663 | 1.26% | $2,773 |
89 of 89 Nebraska counties tracked by Zillow have a typical home value at or below $400K. See all Nebraska home prices.
Other prices in Nebraska
Frequently asked questions
What is the mortgage on a $400K house in Nebraska?
About $2,790 a month with 20% down at 7.11%: $2,153 principal and interest, $438 property tax and $200 insurance.
How much do I need to make to buy a $400K house in Nebraska?
About $119,600 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $400K house in Nebraska?
At Nebraska's typical effective rate of 1.31%, about $5,251 a year. Rates vary by county and city — see the county pages.