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Lafourche Parish FHA Loan Calculator

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

Loan Details

Lafourche Parish, LA Benchmarks

FHA averages
Typical Property Value$230,589
Average Down Payment8.5%
Average Interest Rate6.238%
Effective Tax Rate0.42%
Median Tax Paid$1,038/yr
Tax Growth (Historical)+5.9%
Based on 365 regional loans totaling $76,665,000 (HMDA database).
$
%

$19,600 down · $210,989 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$81 / month

$

Annual premium

$

Per month

%

$89 / month

Estimated Monthly Payment

$1,641/mo

  • Principal & Interest$1,320
  • Property Tax$81
  • Home Insurance$150
  • FHA MIP$89
Amortization · Remaining Balance

Financed Loan Amount

$214,681

Total Interest

$260,675

Total of Payments

$475,356

*Includes financed FHA Upfront MIP of $3,692

Local Market Insights

Lafourche Parish FHA Mortgage Overview

In Lafourche Parish, the typical FHA homebuyer puts down 8.49% on a $230,589 property, providing accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan’s life. With a high 91.51% loan-to-value ratio and 100% owner-occupancy, this market favors buyers with sub-620 credit scores. The effective property tax rate of 0.42% is low, but a 5.9% inflation-adjusted tax increase will modestly raise monthly costs, making an FHA loan with PMI and taxes in Lafourche Parish, LA a key affordability consideration for long-term budgeting.

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.