Calculate your monthly mortgage payment in Louisiana. Pre-filled with Louisiana's median home price of $200,000 and an average property tax rate of 0.55%.
Est. Monthly Payment
$1,358
Principal & Interest
$1,183
Property Tax / mo
$92
Total Interest Paid
$245,906
| Home Price | $200,000 | Median home price in Louisiana (2025) |
| Down Payment | 10% ($20,000) | Typical down payment percentage |
| Loan Amount | $180,000 | Home price minus down payment |
| Interest Rate | 6.88% | Approximate 30-year fixed rate (2025 avg) |
| Loan Term | 30 years | Most common mortgage term |
| Property Tax | 0.55% / year | Louisiana average effective rate |
| Home Insurance | 0.5% / year | Approximate annual premium |
LHC Soft Second Loan, MRB Home Program
Cost of living: Low · Population: 4,657,757
Louisiana has a median home price of approximately $200,000, placing it below the national median. With a 10% down payment of $20,000, a typical buyer would finance $180,000 over 30 years. At a 6.88% fixed rate, the monthly principal and interest payment comes to $1,183.
Property taxes in Louisiana average 0.55% of the assessed home value annually — one of the lower rates in the country. Combined with an estimated $83 for homeowners insurance, your all-in monthly housing cost is approximately $1,358.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $58,203 to qualify comfortably. The median household income in Louisiana is $51,073.
