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Bayou Mortgage- Mortgage Broker- Louisiana

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

30 Year Fixed

APR

30 Year Fixed

Points

30 Year Fixed

15 Year Fixed

Interest Rate

30 Year Fixed

APR

30 Year Fixed

Points

30 Year Fixed

FHA 30 Year

Interest Rate

30 Year Fixed

APR

30 Year Fixed

Points

30 Year Fixed

VA 30 Year

Interest Rate

30 Year Fixed

APR

30 Year Fixed

Points

30 Year Fixed

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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

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

Bayou Mortgage is a Mortgage Broker NMLS # 1845349 Equal Housing Lender

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Get Your Free Personalized Rate Quote

A personalized rate quote will give you the interest rate that matches your property, credit score, and terms you want. Shop with confidence and know your budget