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West Carroll Parish FHA Loan Calculator

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

Loan Details

West Carroll Parish, LA Benchmarks

FHA averages
Typical Property Value$202,778
Average Down Payment10.9%
Average Interest Rate6.488%
Effective Tax Rate0.13%
Median Tax Paid$199/yr
Tax Growth (Historical)%
Based on 18 regional loans totaling $3,160,000 (HMDA database).
$
%

$22,103 down · $180,675 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$22 / month

$

Annual premium

$

Per month

%

$77 / month

Estimated Monthly Payment

$1,409/mo

  • Principal & Interest$1,161
  • Property Tax$22
  • Home Insurance$150
  • FHA MIP$77
Amortization · Remaining Balance

Financed Loan Amount

$183,837

Total Interest

$234,039

Total of Payments

$417,876

*Includes financed FHA Upfront MIP of $3,162

Local Market Insights

West Carroll Parish FHA Mortgage Overview

In West Carroll Parish, the typical FHA homebuyer puts down 10.87%, resulting in an 89.13% loan-to-value ratio. This down payment provides accessible entry, but note that FHA’s mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life, regardless of equity build-up—ideal for those with sub-620 credit. The effective property tax rate is remarkably low at 0.13%, meaning minimal tax burden on the average $202,778 property. With a 6.488% interest rate and these low taxes, monthly affordability is favorable, especially for primary residences, as 100% of these loans are for owner-occupied homes.

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.