Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Louisiana>Jefferson Davis Parish (FHA)

Jefferson Davis Parish FHA Loan Calculator

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

Loan Details

Jefferson Davis Parish, LA Benchmarks

FHA averages
Typical Property Value$185,485
Average Down Payment6.2%
Average Interest Rate6.110%
Effective Tax Rate0.45%
Median Tax Paid$442/yr
Tax Growth (Historical)+4.8%
Based on 103 regional loans totaling $17,575,000 (HMDA database).
$
%

$11,500 down · $173,985 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$70 / month

$

Annual premium

$

Per month

%

$74 / month

Estimated Monthly Payment

$1,367/mo

  • Principal & Interest$1,074
  • Property Tax$70
  • Home Insurance$150
  • FHA MIP$74
Amortization · Remaining Balance

Financed Loan Amount

$177,030

Total Interest

$209,587

Total of Payments

$386,616

*Includes financed FHA Upfront MIP of $3,045

Local Market Insights

Jefferson Davis Parish FHA Mortgage Overview

For Jefferson Davis Parish homebuyers, an FHA loan with a 6.22% down payment and a 93.78% LTV ratio provides accessible entry, though mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life—ideal for those with sub-620 credit. The low 0.45% property tax rate, adjusted upward by 4.8% for inflation, keeps monthly costs manageable. This data reflects 100% owner-occupied purchases, not investments. When evaluating an FHA loan with PMI and taxes in Jefferson Davis Parish, LA, the low down payment and tax burden enhance affordability, but the permanent MIP is a key cost factor.

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.