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East Carroll 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 Carroll Parish, Louisiana based on real HMDA transaction records.

Loan Details

East Carroll Parish, LA Benchmarks

FHA averages
Typical Property Value$151,667
Average Down Payment1.9%
Average Interest Rate6.750%
Effective Tax Rate0.32%
Median Tax Paid$277/yr
Tax Growth (Historical)+7.1%
Based on 3 regional loans totaling $445,000 (HMDA database).
$
%

$2,882 down · $148,785 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$40 / month

$

Annual premium

$

Per month

%

$69 / month

Estimated Monthly Payment

$1,242/mo

  • Principal & Interest$982
  • Property Tax$40
  • Home Insurance$150
  • FHA MIP$69
Amortization · Remaining Balance

Financed Loan Amount

$151,389

Total Interest

$202,097

Total of Payments

$353,486

*Includes financed FHA Upfront MIP of $2,604

Local Market Insights

East Carroll Parish FHA Mortgage Overview

With a weighted average down payment of just 1.92% and a median Loan-to-Value ratio of 98.08%, East Carroll Parish homebuyers are leveraging FHA financing for maximum accessibility. This low entry point, ideal for those with sub-620 credit, comes with mandatory Mortgage Insurance Premiums (MIP) for the life of the loan. The effective property tax rate of 0.32% is minimal, but the recent 7.1% inflation-adjusted tax increase adds a modest monthly cost. When considering an FHA loan with PMI and taxes in East Carroll Parish, LA, the low down payment significantly reduces upfront cash, though the permanent MIP is a key trade-off. All 100% of purchases are for primary residences, confirming this data reflects standard owner-occupied, not investment, activity.

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.