Mortgage Calculator — Louisiana
Pre-filled with Louisiana's average home price of $200000, property tax rate of 0.53%, and average insurance of $3500/year. Adjust any value below.
1 Loan Details
2 Monthly Costs (Louisiana averages pre-filled)
Include PMI
Required when down payment < 20%
Estimated Monthly Payment
—
Enter your loan details to see your payment
Total Interest Paid
—
Over loan lifetime
Total Cost
—
Principal + interest
Loan Amount
—
Amount financed
Down Payment
—
Of home price
Monthly Payment Breakdown
Balance Over Time
Rate Comparison
How your payment changes with different interest rates
| Rate Scenario | Monthly P&I | Total Interest |
|---|---|---|
| Enter loan details above to see rate scenarios | ||
Amortization Schedule
Full month-by-month payment breakdown
| Month | Year | Payment | Principal | Interest | Balance |
|---|
Louisiana Housing Market
Louisiana has low home prices and property taxes, but extremely high homeowners insurance due to hurricane risk — among the highest in the nation. This significantly impacts total monthly ownership costs for coastal properties.
Affordability in Louisiana
While purchase prices are low, insurance costs of $3,000–$6,000/year in coastal areas can add $250–$500/month to total housing costs. Shreveport and northern Louisiana markets have lower insurance exposure and remain very affordable.
Key Markets
First-Time Buyer Programs in Louisiana
LHC Mortgage Revenue Bond Program
Below-market fixed-rate mortgage for first-time buyers, with income and price limits.
LHC Market Rate GNMA + DPA
FHA, VA or USDA loan with down payment and closing cost assistance.
Programs are run by the Louisiana Housing Corporation (LHC). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Louisiana
The homestead exemption removes the first $75,000 of market value from parish property taxes on a primary residence, which is why effective rates are low. Budget more for insurance, including flood coverage. At Louisiana's average effective rate of 0.53%, a $200,000 home pays roughly $1,060/year (about $88/month).
Louisiana Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Louisiana
Louisiana has no statewide transfer tax. New Orleans charges a small flat documentary transaction fee. Closing costs are mostly lender and title fees, but homeowners insurance premiums, paid upfront at closing, are among the highest in the US.
Mortgage Calculator by State