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Caddo Parish FHA Loan Calculator

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

Loan Details

Caddo Parish, LA Benchmarks

FHA averages
Typical Property Value$197,239
Average Down Payment7.6%
Average Interest Rate6.439%
Effective Tax Rate0.68%
Median Tax Paid$1,085/yr
Tax Growth (Historical)-2.6%
Based on 998 regional loans totaling $178,780,000 (HMDA database).
$
%

$14,990 down · $182,249 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$112 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,504/mo

  • Principal & Interest$1,165
  • Property Tax$112
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$185,438

Total Interest

$233,885

Total of Payments

$419,324

*Includes financed FHA Upfront MIP of $3,189

Local Market Insights

Caddo Parish FHA Mortgage Overview

For Caddo Parish homebuyers leveraging an FHA loan, the 7.56% down payment on a $197,239 property offers accessible entry, but carries mandatory Mortgage Insurance Premiums (MIP) for the loan’s life due to the 92.44% loan-to-value ratio. This structure is ideal for buyers with sub-620 credit scores using an FHA loan with PMI and taxes in Caddo Parish, LA. The 0.68% effective property tax rate is low, and the recent -2.6% inflation-adjusted tax change reduces true monthly affordability. Combined with a 6.439% interest rate, this data reflects standard owner-occupied purchases, not investments, making an FHA loan down payment in Caddo Parish, Louisiana a financially prudent entry point.

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.