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Bossier Parish FHA Loan Calculator

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

Loan Details

Bossier Parish, LA Benchmarks

FHA averages
Typical Property Value$247,179
Average Down Payment7.3%
Average Interest Rate6.351%
Effective Tax Rate0.66%
Median Tax Paid$1,445/yr
Tax Growth (Historical)+1.6%
Based on 537 regional loans totaling $121,435,000 (HMDA database).
$
%

$18,044 down · $229,135 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$136 / month

$

Annual premium

$

Per month

%

$97 / month

Estimated Monthly Payment

$1,834/mo

  • Principal & Interest$1,451
  • Property Tax$136
  • Home Insurance$150
  • FHA MIP$97
Amortization · Remaining Balance

Financed Loan Amount

$233,145

Total Interest

$289,111

Total of Payments

$522,256

*Includes financed FHA Upfront MIP of $4,010

Local Market Insights

Bossier Parish FHA Mortgage Overview

In Bossier Parish, the 7.35% weighted average down payment for FHA loans provides accessible entry, but note that with a 92.65% LTV, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan—ideal for buyers with sub-620 credit. The effective property tax rate of 0.66%, adjusted upward by 1.6% for inflation, keeps monthly affordability stable. When evaluating a Bossier Parish FHA mortgage with property taxes, remember this data reflects standard primary residences, not investments, ensuring accurate cost projections for your local purchase.

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.