CALCMONEY // MORTGAGE // NE // GRAND ISLAND
Calculate your monthly mortgage payment using Grand Island-specific property tax rates and local market data.
$195,000
6.95%
1.6%
82
| Principal & Interest | $1,033 |
| Property Tax | $260 |
| Homeowners Insurance (est.) | $65 |
| Total Monthly Payment (PITI) | $1,358 |
$39,000
$215,750
$58,185/yr
$195,000 buys the median home in Grand Island right now. With 20% down, that's a $39,000 down payment and a $156,000 loan, set against a $58,000 median household income.
Grand Island's 1.6% property tax rate runs above the 1.1% national average. That's $260/month on the median home here, not a rounding error against the mortgage payment.
Unlike the nine no-income-tax states, Nebraska taxes wage income. Worth running your actual take-home pay against the $1,358/month payment here before locking in a target price.
Day-to-day expenses in Grand Island track at 82 against the national 100 baseline, below average once you look past the mortgage payment itself.
Grand Island's median home price runs 24% lower than nearby Omaha: $255,000 there versus $195,000 here.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $156,000 loan saves $7,020 in interest over 30 years.
Compare Top Grand Island Mortgage Lenders