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FHA Loan Cost Breakdown — Dixon County

2025 HUD guidelines · Based on local median home value · Pre-rendered committed figures

Upfront MIP (UFMIP)
$3,261
1.75% of loan · financed into balance
Monthly MIP
$85/mo
0.55%/yr · added to payment
Min. Down Payment
$6,758
3.5% of purchase price
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FHA MIP does not cancel like conventional PMI. For FHA loans with less than 10% down in Dixon County, the annual MIP of approximately $85/month persists for the life of the loan. Borrowers must refinance into a conventional loan once they reach 20% equity — or put 10%+ down at origination — to eliminate MIP.

FHA eligible in Dixon County · Estimated loan of $186,322 is within the local FHA limit of $541,287.

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Est. Total Monthly Cost
$1,424
P&I Payment$976
Taxes & Ins$248
Utilities$200

Mortgage Details

$193,080
Local Median: $193,080
$38,616 (20%)
%

Local Area Costs

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Monthly$1,424

Monthly Breakdown

Principal & Interest
$976
Property Taxes
$156
Homeowners Ins.
$92
Est. Utilities
$200

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$197,010

Local Housing Facts for Dixon County

  • ·Median home value: $193,080 (adjusted for current market conditions)
  • ·Est. property taxes: $1,871/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,106/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,400/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

What is the FHA upfront mortgage insurance premium (MIP) for a home in Dixon County, NE?

An FHA buyer in Dixon County, NE borrowing $186,322 (with 3.5% down on a median $193,080 home) pays an upfront mortgage insurance premium (MIP) of $3,261 — equal to 1.75% of the base loan amount. This upfront MIP is typically financed into the loan balance rather than paid at closing, increasing the total loan amount to approximately $189,583.

How much is the monthly FHA mortgage insurance in Dixon County, NE?

For a typical FHA loan in Dixon County, NE with a base loan amount of $186,322, the annual MIP rate is 0.55% — adding approximately $85/month to the required payment. This monthly MIP is separate from principal, interest, property taxes, and homeowners insurance.

Does FHA mortgage insurance go away in Dixon County, NE?

Unlike conventional PMI — which automatically cancels at 80% LTV under the Homeowners Protection Act — FHA annual MIP on loans with less than 10% down does not fall off. For FHA buyers in Dixon County, NE putting 3.5% down, this means ongoing monthly MIP payments of approximately $85/month for the life of the loan. To eliminate MIP, borrowers must refinance into a conventional loan once they reach 20% equity, or put 10%+ down at origination (MIP then cancels after 11 years).

Am I eligible for FHA financing in Dixon County, NE?

The 2025 FHA loan limit for Dixon County, NE is $541,287 for a 1-unit property. A typical buyer purchasing the median-priced home here (approximately $193,080) with 3.5% down would have a base loan amount of approximately $186,322, which falls within the local FHA limit — making FHA financing an accessible option for eligible buyers.

What is the true all-in monthly cost of owning an FHA-financed home in Dixon County, NE?

Beyond principal and interest, FHA buyers in Dixon County, NE with a median $193,080 home can expect approximately $1,871/yr in property taxes, $1,106/yr for homeowners insurance, $2,400/yr in energy utilities, and $85/mo in FHA mortgage insurance (MIP). Together, these non-P&I costs add approximately $533/month to the required payment in Dixon County, NE.