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Iberville Parish FHA Loan Calculator

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

Loan Details

Iberville Parish, LA Benchmarks

FHA averages
Typical Property Value$227,368
Average Down Payment8.8%
Average Interest Rate6.385%
Effective Tax Rate0.35%
Median Tax Paid$556/yr
Tax Growth (Historical)-7.2%
Based on 114 regional loans totaling $23,480,000 (HMDA database).
$
%

$20,008 down · $207,360 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$66 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,621/mo

  • Principal & Interest$1,317
  • Property Tax$66
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$210,988

Total Interest

$263,126

Total of Payments

$474,114

*Includes financed FHA Upfront MIP of $3,629

Local Market Insights

Iberville Parish FHA Mortgage Overview

For Iberville Parish homebuyers, the 8.83% average down payment on an FHA loan provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity built. With a 91.17% median Loan-to-Value (LTV) ratio and 100% primary occupancy, this data reflects owner-occupants. The effective property tax rate of 0.35% is low, and the recent -7.2% inflation-adjusted tax shift further reduces monthly costs. When using an Iberville Parish FHA mortgage calculator with property taxes, this tax relief improves true affordability. For precise budgeting, consider an FHA loan down payment calculator in Iberville Parish, Louisiana, which accounts for the 6.385% average interest rate and mandatory MIP.

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.