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Terrebonne Parish FHA Loan Calculator

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

Loan Details

Terrebonne Parish, LA Benchmarks

FHA averages
Typical Property Value$232,630
Average Down Payment7.4%
Average Interest Rate6.214%
Effective Tax Rate0.40%
Median Tax Paid$836/yr
Tax Growth (Historical)-4.8%
Based on 443 regional loans totaling $94,475,000 (HMDA database).
$
%

$17,215 down · $215,415 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$78 / month

$

Annual premium

$

Per month

%

$91 / month

Estimated Monthly Payment

$1,663/mo

  • Principal & Interest$1,344
  • Property Tax$78
  • Home Insurance$150
  • FHA MIP$91
Amortization · Remaining Balance

Financed Loan Amount

$219,185

Total Interest

$264,606

Total of Payments

$483,791

*Includes financed FHA Upfront MIP of $3,770

Local Market Insights

Terrebonne Parish FHA Mortgage Overview

For Terrebonne Parish homebuyers, the 7.38% average down payment on FHA loans provides accessible entry despite mandatory Mortgage Insurance Premiums (MIP) for the loan's life. With a 92.62% median loan-to-value ratio and 100% owner-occupancy, this data reflects standard buyers, not investors. The 0.40% effective property tax rate and recent -4.8% inflation-adjusted tax shift modestly improve monthly affordability. When evaluating an FHA loan with PMI and taxes in Terrebonne Parish, LA, the low down payment trade-off is permanent MIP, ideal for sub-620 credit scores. Understanding Terrebonne Parish FHA loan limits and tax impacts clarifies true total housing costs.

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.