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Tangipahoa Parish FHA Loan Calculator

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

Loan Details

Tangipahoa Parish, LA Benchmarks

FHA averages
Typical Property Value$264,433
Average Down Payment8.1%
Average Interest Rate6.125%
Effective Tax Rate0.34%
Median Tax Paid$882/yr
Tax Growth (Historical)-3.5%
Based on 742 regional loans totaling $178,740,000 (HMDA database).
$
%

$21,419 down · $243,014 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$75 / month

$

Annual premium

$

Per month

%

$103 / month

Estimated Monthly Payment

$1,831/mo

  • Principal & Interest$1,503
  • Property Tax$75
  • Home Insurance$150
  • FHA MIP$103
Amortization · Remaining Balance

Financed Loan Amount

$247,267

Total Interest

$293,892

Total of Payments

$541,158

*Includes financed FHA Upfront MIP of $4,253

Local Market Insights

Tangipahoa Parish FHA Mortgage Overview

For Tangipahoa Parish homebuyers, the 8.06% down payment on an FHA loan offers accessible entry, but requires mandatory Mortgage Insurance Premiums for the loan’s life. With a 91.94% Loan-to-Value ratio and 100% primary occupancy, this data reflects owner-occupants, not investors. The 0.34% effective property tax rate is low, and the -3.5% inflation-adjusted tax shift slightly improves monthly affordability. When evaluating an FHA mortgage with property taxes and PMI, note that the 6.125% rate on a $264,433 average property value keeps monthly costs manageable, though MIP is permanent for sub-620 credit buyers.

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.