Avoyelles Parish FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Avoyelles Parish, LA Benchmarks

FHA averages

Typical Property Value$195,579

Average Down Payment8.6%

Average Interest Rate6.432%

Effective Tax Rate0.22%

Median Tax Paid$249/yr

Tax Growth (Historical)-1.0%

Based on 190 regional loans totaling $33,470,000 (HMDA database).

Home Price

Down Payment

$16,820 down · $178,759 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$36 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$76 / month

Estimated Monthly Payment

$1,403/mo

Principal & Interest$1,141
Property Tax$36
Home Insurance$150
FHA MIP$76

Amortization · Remaining Balance

Financed Loan Amount

$181,887

Total Interest

$228,978

Total of Payments

$410,865

*Includes financed FHA Upfront MIP of $3,128

Local Market Insights

Avoyelles Parish FHA Mortgage Overview

In Avoyelles Parish, FHA buyers leverage an 8.64% down payment on a $195,579 average property, making homeownership accessible despite the 6.432% rate. However, with a 91.36% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) remain for the loan's life—ideal for sub-620 credit scores. The 0.22% effective property tax rate, adjusted down -1.0% for inflation, keeps monthly costs low. This data reflects 100% primary residences, not investments, underscoring a stable local market for those using an FHA loan with PMI and taxes in Avoyelles Parish, Louisiana.

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.