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Iberia Parish FHA Loan Calculator

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

Loan Details

Iberia Parish, LA Benchmarks

FHA averages
Typical Property Value$208,409
Average Down Payment8.4%
Average Interest Rate6.243%
Effective Tax Rate0.36%
Median Tax Paid$593/yr
Tax Growth (Historical)+5.2%
Based on 220 regional loans totaling $41,200,000 (HMDA database).
$
%

$17,506 down · $190,903 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$63 / month

$

Annual premium

$

Per month

%

$81 / month

Estimated Monthly Payment

$1,488/mo

  • Principal & Interest$1,195
  • Property Tax$63
  • Home Insurance$150
  • FHA MIP$81
Amortization · Remaining Balance

Financed Loan Amount

$194,243

Total Interest

$235,858

Total of Payments

$430,102

*Includes financed FHA Upfront MIP of $3,341

Local Market Insights

Iberia Parish FHA Mortgage Overview

In Iberia Parish, the typical FHA buyer puts down 8.38%, leveraging a 91.62% loan-to-value ratio. This low entry point is ideal for buyers with sub-620 credit, but the mandatory Mortgage Insurance Premium (MIP) is required for the loan's life. The effective 0.36% property tax rate is low, yet a recent 5.2% inflation-adjusted tax shift means monthly costs are rising. For those using an FHA loan down payment strategy in Iberia Parish, Louisiana, the true monthly budget must account for both this permanent MIP and the creeping tax burden. This data, reflecting 100% owner-occupied purchases, shows a market where accessible entry comes with long-term holding costs.

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.