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Grant Parish FHA Loan Calculator

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

Loan Details

Grant Parish, LA Benchmarks

FHA averages
Typical Property Value$199,776
Average Down Payment8.0%
Average Interest Rate6.398%
Effective Tax Rate0.33%
Median Tax Paid$862/yr
Tax Growth (Historical)-3.2%
Based on 67 regional loans totaling $12,215,000 (HMDA database).
$
%

$15,982 down · $183,794 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$55 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,453/mo

  • Principal & Interest$1,170
  • Property Tax$55
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,010

Total Interest

$234,103

Total of Payments

$421,114

*Includes financed FHA Upfront MIP of $3,216

Local Market Insights

Grant Parish FHA Mortgage Overview

For Grant Parish homebuyers, an FHA loan with an 8.02% down payment and a 91.98% loan-to-value ratio offers accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life. This is ideal for those with sub-620 credit scores. The 0.33% effective property tax rate, with a -3.2% inflation-adjusted decline, lowers monthly costs, improving true affordability. All loans here are for primary residences, not investments. When evaluating an FHA loan calculator with PMI and taxes in Grant Parish, LA, or an FHA mortgage calculator with property taxes, the low tax burden offsets the permanent MIP, making this market attractive for long-term ownership.

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.