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Cameron Parish FHA Loan Calculator

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

Loan Details

Cameron Parish, LA Benchmarks

FHA averages
Typical Property Value$285,000
Average Down Payment22.3%
Average Interest Rate6.516%
Effective Tax Rate0.43%
Median Tax Paid$936/yr
Tax Growth (Historical)+11.5%
Based on 10 regional loans totaling $2,000,000 (HMDA database).
$
%

$63,555 down · $221,445 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$102 / month

$

Annual premium

$

Per month

%

Not required at 20%+ down

Estimated Monthly Payment

$1,773/mo

  • Principal & Interest$1,427
  • Property Tax$102
  • Home Insurance$150
  • FHA MIP$94
Amortization · Remaining Balance

Financed Loan Amount

$225,320

Total Interest

$288,451

Total of Payments

$513,771

*Includes financed FHA Upfront MIP of $3,875

Local Market Insights

Cameron Parish FHA Mortgage Overview

In Cameron Parish, the average FHA homebuyer is putting down a substantial 22.29%, well above the typical 3.5% minimum. This strong equity position, reflected in the 77.71% loan-to-value ratio, provides immediate financial stability. However, because this is an FHA loan, the mandatory Mortgage Insurance Premium (MIP) remains for the life of the loan, regardless of the down payment size. This structure makes Cameron Parish FHA loan limits with property taxes a key consideration for long-term affordability. The effective property tax rate is a low 0.43%, but the recent 11.5% inflation-adjusted increase will modestly raise monthly costs. For those exploring FHA loan down payment options in Cameron Parish, Louisiana, this data shows a market where buyers are investing significant cash upfront but must account for permanent MIP when using an FHA mortgage calculator with PMI and taxes.

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.