Nebraska First-Time Homebuyer Calculator
First-time homebuyer costs in Nebraska: $8,400 FHA down payment, $6,480 closing costs, 1.73% property tax. See total upfront costs & monthly payments.
How This Calculator Works
Calculation methodology and assumptions
First-time homebuyer cost breakdown for Nebraska. Includes down payment, closing costs (2.7%), PMI (required below 20% down), property tax (1.73%), and homeowners insurance ($3,050/yr). DTI ratio should stay below 43% for conventional loans and 50% for FHA.
Key State Information
Nebraska homebuyer facts: Median price $240,000 | 20% down = $48,000 | FHA 3.5% down = $8,400 | Closing costs ~$6,480 | Property tax 1.73% | No attorney required.
Frequently Asked Questions
How much do I need to buy a house in Nebraska?
For Nebraska's median home ($240,000): FHA minimum down payment is $8,400 (3.5%), plus $6,480 in closing costs. Total minimum: ~$14,880. With 20% down to avoid PMI: ~$54,480.
What are closing costs in Nebraska?
Nebraska closing costs average 2.7% of the home price, or about $6,480 on the median home. This includes title insurance, appraisal, origination fees, recording fees, and optional attorney fees. Transfer taxes are 0.225%.
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