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East Baton Rouge Parish FHA Loan Calculator

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

Loan Details

East Baton Rouge Parish, LA Benchmarks

FHA averages
Typical Property Value$252,457
Average Down Payment7.2%
Average Interest Rate6.329%
Effective Tax Rate0.63%
Median Tax Paid$1,656/yr
Tax Growth (Historical)+3.8%
Based on 1,876 regional loans totaling $433,610,000 (HMDA database).
$
%

$18,177 down · $234,280 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$133 / month

$

Annual premium

$

Per month

%

$99 / month

Estimated Monthly Payment

$1,862/mo

  • Principal & Interest$1,480
  • Property Tax$133
  • Home Insurance$150
  • FHA MIP$99
Amortization · Remaining Balance

Financed Loan Amount

$238,380

Total Interest

$294,482

Total of Payments

$532,862

*Includes financed FHA Upfront MIP of $4,100

Local Market Insights

East Baton Rouge Parish FHA Mortgage Overview

For East Baton Rouge Parish homebuyers using an FHA loan, the 7.23% down payment on a $252,457 average property provides accessible entry, but comes with a critical trade-off: mandatory Mortgage Insurance Premiums (MIP) for the loan's life, regardless of the 92.77% Loan-to-Value ratio. This makes an FHA loan with PMI and taxes in East Baton Rouge Parish, LA, ideal for those with sub-620 credit scores. The 0.63% effective tax rate, adjusted upward by 3.8% for inflation, adds roughly $133 monthly to true affordability. When evaluating East Baton Rouge Parish FHA loan limits and tax impacts, remember that this 100% owner-occupied data reflects standard homebuyers, not investors.

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.