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De Soto Parish FHA Loan Calculator

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

Loan Details

De Soto Parish, LA Benchmarks

FHA averages
Typical Property Value$257,000
Average Down Payment7.0%
Average Interest Rate6.416%
Effective Tax Rate0.31%
Median Tax Paid$540/yr
Tax Growth (Historical)+12.2%
Based on 120 regional loans totaling $28,480,000 (HMDA database).
$
%

$17,990 down · $239,010 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$66 / month

$

Annual premium

$

Per month

%

$101 / month

Estimated Monthly Payment

$1,842/mo

  • Principal & Interest$1,524
  • Property Tax$66
  • Home Insurance$150
  • FHA MIP$101
Amortization · Remaining Balance

Financed Loan Amount

$243,193

Total Interest

$305,581

Total of Payments

$548,773

*Includes financed FHA Upfront MIP of $4,183

Local Market Insights

De Soto Parish FHA Mortgage Overview

For De Soto Parish homebuyers, the 7.02% weighted average down payment on FHA loans provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan's life due to the 92.98% loan-to-value ratio. This FHA option suits buyers with sub-620 credit scores seeking an FHA loan with PMI and taxes in De Soto Parish, LA. The 0.31% effective property tax rate is low, though the 12.2% inflation-adjusted tax change means monthly costs will rise. When evaluating a De Soto Parish FHA mortgage with property taxes, factor in this permanent MIP and tax shift, as all 100% of buyers are purchasing primary residences.

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.