Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Louisiana>Concordia Parish (FHA)

Concordia Parish FHA Loan Calculator

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

Loan Details

Concordia Parish, LA Benchmarks

FHA averages
Typical Property Value$198,056
Average Down Payment7.8%
Average Interest Rate6.490%
Effective Tax Rate0.31%
Median Tax Paid$384/yr
Tax Growth (Historical)-5.2%
Based on 36 regional loans totaling $6,500,000 (HMDA database).
$
%

$15,448 down · $182,608 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$51 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,452/mo

  • Principal & Interest$1,173
  • Property Tax$51
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$185,803

Total Interest

$236,542

Total of Payments

$422,345

*Includes financed FHA Upfront MIP of $3,196

Local Market Insights

Concordia Parish FHA Mortgage Overview

Concordia Parish homebuyers using an FHA loan with a 7.84% down payment gain accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life—ideal for those with sub-620 credit. The 92.16% Loan-to-Value ratio confirms minimal equity, reinforcing that MIP cannot be canceled. A 0.31% effective property tax rate and recent -5.2% inflation-adjusted tax shift improve monthly affordability for FHA loan with PMI and taxes in Concordia Parish, LA. All loans reflect primary residences, not investments, ensuring standard owner-occupied terms.

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.