Louisiana Mortgage Calculator

Use our free mortgage calculator to discover your estimated monthly mortgage payment. Discover how your payment changes as you make changes to your down payment, purchase price, term and interest rate.

Calculate Your Louisiana Mortgage Payment

$

5%

1%

5%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

See Your Mortgage Rate

Get your personalized rate for Louisiana. No SSN Required. 

Louisiana Mortgage Rates for Today

30 Year Fixed

Interest Rate

3.75%

APR

3.891

Points

1.703%

15 Year Fixed

Interest Rate

2.875%

APR

3.440%

Points

1.928 %

FHA 30 Year

Interest Rate

2.99%

APR

4.134%

Points

1.547%

VA 30 Year

Interest Rate

3.125%

APR

3.440%

Points

1.643%

These mortgage rates are current as of February 22nd, 2022

What Goes Into Your Mortgage Payment?

Principal & Interest: The amount you borrower from the lender plus the cost of borrowing that money. 

Taxes: The annual amount of taxes owed to your parish based on their mileage rate and your properties value

Insurance: Property insurance, mortgage insurance, or flood insurance if it’s required. 

How much does insurance typically cost?

The cost of insurance is determined by the location of the home, the size of the home, the age of the home, and the credit profile of the borrower. Lower credit, homes closer to the Gulf of Mexico, older homes and larger homes will all result in an increased insurance premium. 

The typical cost of annual property insurance is between 0.5%-1% of the purchase price of the home you are buying. 

Average Louisiana Property Taxes Per Parish

County Avg. property tax rate Avg. home value
Acadia Parish 0.28% $97,500
Allen Parish 0.18% $84,800
Ascension Parish 0.46% $211,000
Assumption Parish 0.33% $114,600
Avoyelles Parish 0.18% $90,600
Beauregard Parish 0.27% $115,200
Bienville Parish 0.29% $76,000
Bossier Parish 0.57% $170,400
Caddo Parish 0.71% $149,000
Calcasieu Parish 0.42% $165,900
Caldwell Parish 0.21% $67,800
Cameron Parish 0.34% $110,900
Catahoula Parish 0.13% $78,700
Claiborne Parish 0.24% $74,100
Concordia Parish 0.21% $78,500
De Soto Parish 0.25% $110,000
East Baton Rouge Parish 0.58% $191,200
East Carroll Parish 0.52% $68,200
East Feliciana Parish 0.19% $124,100
Evangeline Parish 0.24% $90,000
Franklin Parish 0.19% $83,200
Grant Parish 0.28% $93,600
Iberia Parish 0.35% $122,600
Iberville Parish 0.30% $127,500
Jackson Parish 0.31% $84,400
Jefferson Davis Parish 0.28% $101,800
Jefferson Parish 0.55% $184,500
Lafayette Parish 0.51% $188,000
Lafourche Parish 0.35% $156,400
LaSalle Parish 0.34% $76,700
Lincoln Parish 0.50% $145,900
Livingston Parish 0.46% $163,200
Madison Parish 0.24% $64,100
Morehouse Parish 0.41% $84,900
Natchitoches Parish 0.37% $114,100
Orleans Parish 0.80% $227,800
Ouachita Parish 0.45% $151,300
Plaquemines Parish 0.38% $165,900
Pointe Coupee Parish 0.25% $124,500
Rapides Parish 0.43% $142,200
Red River Parish 0.17% $85,900
Richland Parish 0.18% $86,900
Sabine Parish 0.21% $84,200
St. Bernard Parish 0.38% $139,200
St. Charles Parish 0.52% $185,800
St. Helena Parish 0.15% $77,400
St. James Parish 0.40% $136,400
St. John the Baptist Parish 0.35% $152,800
St. Landry Parish 0.18% $109,100
St. Martin Parish 0.30% $114,200
St. Mary Parish 0.40% $97,000
St. Tammany Parish 0.79% $214,300
Tangipahoa Parish 0.36% $157,500
Tensas Parish 0.20% $62,200
Terrebonne Parish 0.33% $151,100
Union Parish 0.30% $88,700
Vermilion Parish 0.31% $105,700
Vernon Parish 0.21% $116,600
Washington Parish 0.32% $84,600
Webster Parish 0.31% $81,600
West Baton Rouge Parish 0.40% $177,000
West Carroll Parish 0.14% $79,400
West Feliciana Parish 0.44% $209,600
Winn Parish 0.23% $72,700

How To Calculate Your Louisiana Mortgage Payment

Home Price: The purchase price of the home you are buying or your home’s current value if refinancing. 

Down Payment: The amount you plan to put down if you’re buying a home. If your refinancing you’ll need to enter the amount of your equity. 

Interest Rate: Enter your estimate interest rate or get a personalized rate quote here. 

Annual Insurance: We suggest using between 1% to 1.5% of your purchase price to estimate your annual insurance costs. It can be lower but it’s better to over estimate than underestimate. 

Taxes: Use the tax rate table above to find your parish and enter the amount based on your parish and purchase price. 

Louisiana Housing Market Trends

Media Home Value: The median home value in Louisiana is $177,494

Home Prices in Louisiana 

 

$0-$115,538: 30.2 % of homes 

$115,539 – $240,874: 36% of homes

$230,875 – $346725: 18.7% of homes 

$346,276+ : 15% of home

Louisiana Home Appreciation

Last Quarter: 3.18%

Last 12 Months: 8.66%

Last 2 Years: 12.59%

Last 5 Years: 20.49%

Last 10 Years: 37.44%

Since 2000: 104.12%

Learn More About Home Buying

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