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St. Bernard Parish FHA Loan Calculator

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

Loan Details

St. Bernard Parish, LA Benchmarks

FHA averages
Typical Property Value$241,635
Average Down Payment9.0%
Average Interest Rate6.411%
Effective Tax Rate0.34%
Median Tax Paid$961/yr
Tax Growth (Historical)-4.5%
Based on 211 regional loans totaling $45,155,000 (HMDA database).
$
%

$21,747 down · $219,888 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$68 / month

$

Annual premium

$

Per month

%

$93 / month

Estimated Monthly Payment

$1,713/mo

  • Principal & Interest$1,401
  • Property Tax$68
  • Home Insurance$150
  • FHA MIP$93
Amortization · Remaining Balance

Financed Loan Amount

$223,736

Total Interest

$280,605

Total of Payments

$504,341

*Includes financed FHA Upfront MIP of $3,848

Local Market Insights

St. Bernard Parish FHA Mortgage Overview

For St. Bernard Parish homebuyers using an FHA loan, the 8.96% average down payment on a $241,635 property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 91.04% Loan-to-Value ratio. This market is 100% owner-occupied, ideal for those with sub-620 credit scores. The 0.34% effective property tax rate is low, and the recent -4.5% inflation-adjusted tax shift further reduces monthly costs. When assessing an FHA mortgage with property taxes and MIP, this tax relief slightly offsets the permanent MIP burden, enhancing true affordability.

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.