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Evangeline Parish FHA Loan Calculator

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

Loan Details

Evangeline Parish, LA Benchmarks

FHA averages
Typical Property Value$175,930
Average Down Payment11.7%
Average Interest Rate6.371%
Effective Tax Rate0.31%
Median Tax Paid$362/yr
Tax Growth (Historical)+8.7%
Based on 87 regional loans totaling $13,275,000 (HMDA database).
$
%

$20,584 down · $155,346 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$45 / month

$

Annual premium

$

Per month

%

$66 / month

Estimated Monthly Payment

$1,247/mo

  • Principal & Interest$986
  • Property Tax$45
  • Home Insurance$150
  • FHA MIP$66
Amortization · Remaining Balance

Financed Loan Amount

$158,065

Total Interest

$196,752

Total of Payments

$354,817

*Includes financed FHA Upfront MIP of $2,719

Local Market Insights

Evangeline Parish FHA Mortgage Overview

For homebuyers in Evangeline Parish, the 11.71% down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life, regardless of equity. The 88.29% Loan-to-Value ratio confirms this is typical for owner-occupied buyers, often with sub-620 credit profiles. The effective property tax rate of 0.31% is low, yet the 8.7% inflation-adjusted tax shift modestly increases monthly costs. When evaluating an FHA loan with PMI and taxes in Evangeline Parish, LA, or using an FHA mortgage with property taxes, factor in the 6.371% interest rate on a $175,930 average property for true affordability.

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.