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Mortgage Calculator in Louisiana

Calculate your monthly mortgage payment in Louisiana using the 2026 median home price of $210K and current local rates. Adjust the inputs below to match your situation.

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See how paying extra each month reduces interest and loan term

Louisiana Housing Market at a Glance (2026)

$210K
Median Home Price
6.91%
Avg Mortgage Rate
0.55%
Property Tax Rate
10%
Typical Down Payment

Buying a Home in Louisiana: Costs to Know

Average closing costs1.8% of purchase price
On a $210K home, closing costs ≈$3,780
Median household income$55,000/yr
State income tax (top rate)4.25%

First-Time Buyer Programs in Louisiana

Louisiana offers state-sponsored programs that can reduce your down payment or closing costs:

  • ✓LHC Mortgage Revenue Bond
  • ✓Soft Second Loan Program

How Mortgage Payments Work in Louisiana

A standard mortgage payment in Louisiana is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $210K home in Louisiana with a 10% down payment at 6.91% over 30 years, your principal and interest payment comes to approximately $1,246/month— not including property taxes or homeowner's insurance.

Louisiana's property tax rate of 0.55% adds roughly $96/month to your total housing cost on a $210K home. This rate is below the national average of ~1.1%, which helps keep total housing costs lower.

Louisiana vs. National Average

MetricLouisianaNational Avg
Median Home Price$210,000$420,000
Property Tax Rate0.55%1.07%
Avg Mortgage Rate6.91%6.85%
Cost of Living Index91100

Frequently Asked Questions — Mortgage Calculator in Louisiana

What is the average mortgage payment in Louisiana?+
Based on the median home price of $210K in Louisiana with a 10% down payment and 6.91% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $1,246. Adding property taxes (~$96/mo) and homeowner's insurance, total PITI is typically $1,492–$1,592/month.
What is the property tax rate in Louisiana?+
Louisiana has an average effective property tax rate of 0.55%. On the median home price of $210K, that equals roughly $1,155 per year — or $96 added to your monthly mortgage payment. This is below the national average of ~1.1%, which helps lower total housing costs in Louisiana.
How much down payment do I need to buy a home in Louisiana?+
The typical down payment in Louisiana is 10% — about $21,000 on the median $210K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like LHC Mortgage Revenue Bond.
What are closing costs in Louisiana?+
Average closing costs in Louisiana are approximately 1.8% of the purchase price — about $3,780 on the median $210K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.
What income do I need to afford the median home in Louisiana?+
To afford the $210K median home in Louisiana under the 28% housing-cost rule, you need a gross monthly income of at least $5,329 — roughly $64K/year. The median household income in Louisiana is $55,000.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.

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