Mortgage Rates in Papillion, Nebraska — March 2026
Updated March 2026 | Based on Papillion market data and regional lending conditions
Papillion is a growing city in Nebraska with a population of 24,310. The current 30-year fixed mortgage rate in Papillion is 6.61%, which is 0.04% below the national average. With a median home price of $201,000 and a 20% down payment of $40,200, homebuyers can expect a monthly principal and interest payment of approximately $1,028.
Current Mortgage Rates in Papillion, NE
Below are the current average mortgage rates available in the Papillion area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.61% | 6.65% | -0.04% |
| 15-Year Fixed | 5.88% | 5.89% | -0.01% |
| 5/1 ARM | 6.16% | 6.15% | +0.01% |
| FHA | 6.43% | 6.25% | +0.18% |
| VA | 6.18% | 6.05% | +0.13% |
| Jumbo | 6.86% | 6.85% | +0.01% |
Papillion Housing Market Overview
The Papillion housing market offers relatively affordable housing compared to many major cities. The median household income in Papillion is $58,600, and the cost of living index is 90.4 (national average = 100). Based on the 28% affordability rule, the median income in Papillion is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Papillion
Based on the median home price of $201,000 with 20% down ($40,200), here is what you can expect to pay monthly in Papillion:
15-Year vs. 30-Year Mortgage in Papillion
Choosing a 15-year mortgage in Papillion at 5.88% instead of a 30-year at 6.61% would save you $127,620 in total interest over the life of the loan. However, your monthly payment would be $1,347 instead of $1,028 — an increase of $319 per month.
Calculate Your Papillion Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Papillion
What are the current mortgage rates in Papillion, NE?
As of March 2026, the average 30-year fixed mortgage rate in Papillion, Nebraska is 6.61%, while the 15-year fixed rate is 5.88%. FHA loans average 6.43% and VA loans 6.18%. These rates are 0.04% below the national average of 6.65%.
How much is a monthly mortgage payment in Papillion?
Based on the median home price of $201,000 with 20% down, the estimated monthly mortgage payment in Papillion is $1,028 for principal and interest. Including property taxes of $285/month, the total monthly housing cost is approximately $1,313.
What income do I need to buy a home in Papillion?
Using the 28% rule, you would need an annual income of approximately $56,271 to afford the median-priced home in Papillion at $201,000. The median household income in Papillion is $58,600. The median income is currently sufficient to meet this threshold.
Is Papillion a good place to buy a home in 2026?
Papillion offers a below-average cost of living with a cost of living index of 90.4 (national average = 100). The property tax rate in Nebraska is 1.7%, which is above the national average. Papillion has a population of 24,310 and offers a very affordable lifestyle.
Mortgage Rates in Other Nebraska Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Papillion, Nebraska area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.