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Allen Parish FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Allen Parish, Louisiana based on real HMDA transaction records.

Loan Details

Allen Parish, LA Benchmarks

FHA averages
Typical Property Value$189,600
Average Down Payment6.7%
Average Interest Rate6.344%
Effective Tax Rate0.34%
Median Tax Paid$267/yr
Tax Growth (Historical)%
Based on 50 regional loans totaling $8,570,000 (HMDA database).
$
%

$12,703 down · $176,897 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$54 / month

$

Annual premium

$

Per month

%

$75 / month

Estimated Monthly Payment

$1,398/mo

  • Principal & Interest$1,119
  • Property Tax$54
  • Home Insurance$150
  • FHA MIP$75
Amortization · Remaining Balance

Financed Loan Amount

$179,992

Total Interest

$222,776

Total of Payments

$402,769

*Includes financed FHA Upfront MIP of $3,096

Local Market Insights

Allen Parish FHA Mortgage Overview

Allen Parish homebuyers using an FHA loan benefit from a low 6.73% down payment on an average $189,600 property. This low barrier to entry, combined with a mandatory lifetime MIP, is ideal for those needing an FHA loan calculator with PMI and taxes in Allen Parish, LA. The 93.27% LTV confirms minimal equity, so the MIP persists for the loan's life. With a 0.34% effective property tax rate and no recent inflation-adjusted change, monthly affordability remains stable. For precise budgeting, consult an Allen Parish FHA mortgage calculator with property taxes to account for these fixed costs.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.