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Catahoula Parish FHA Loan Calculator

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

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Catahoula Parish, LA Benchmarks

FHA averages
Typical Property Value$175,714
Average Down Payment9.6%
Average Interest Rate6.313%
Effective Tax Rate0.25%
$
%

$16,869 down · $158,845 financed

Estimated Monthly Payment

$1,255/mo

  • Principal & Interest$1,001
  • Property Tax$37
  • Home Insurance$150
  • FHA MIP$67
Amortization · Remaining Balance

Financed Loan Amount

$161,625

Total Interest

$198,904

Total of Payments

$360,529

*Includes financed FHA Upfront MIP of $2,780

Local Market Insights

Catahoula Parish FHA Mortgage Overview

In Catahoula Parish, the typical FHA homebuyer puts 9.56% down on a $175,714 property, a lower barrier to entry than conventional loans. However, this FHA loan requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of equity. The 90.44% loan-to-value (LTV) confirms high leverage for owner-occupied buyers, ideal for those with sub-620 credit scores. While the effective property tax rate is a low 0.25%, the 22.7% inflation-adjusted tax shift raises monthly costs. For an accurate picture of FHA loan limits and property taxes in Catahoula Parish, consider the total monthly MIP and tax burden.

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.