Morehouse Parish FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Morehouse Parish, LA Benchmarks

FHA averages

Typical Property Value$178,529

Average Down Payment9.0%

Average Interest Rate6.559%

Effective Tax Rate0.49%

Median Tax Paid$530/yr

Tax Growth (Historical)+10.1%

Based on 68 regional loans totaling $10,780,000 (HMDA database).

Home Price

Down Payment

$16,068 down · $162,461 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$73 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$69 / month

Estimated Monthly Payment

$1,343/mo

Principal & Interest$1,051
Property Tax$73
Home Insurance$150
FHA MIP$69

Amortization · Remaining Balance

Financed Loan Amount

$165,304

Total Interest

$213,188

Total of Payments

$378,492

*Includes financed FHA Upfront MIP of $2,843

Local Market Insights

Morehouse Parish FHA Mortgage Overview

For buyers in Morehouse Parish, the 9.00% down payment on an FHA loan offers accessible entry, but the 91.00% LTV ratio means the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan—ideal for those with sub-620 credit. The effective property tax rate of 0.49% is low, yet the 10.1% inflation-adjusted tax increase will raise monthly costs. When evaluating an FHA loan with PMI and taxes in Morehouse Parish, LA, or checking Morehouse Parish FHA loan limits and tax impacts, remember that all 100% of buyers here are purchasing primary residences, not investments.

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.