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Plaquemines Parish FHA Loan Calculator

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

Loan Details

Plaquemines Parish, LA Benchmarks

FHA averages
Typical Property Value$353,333
Average Down Payment10.9%
Average Interest Rate6.206%
Effective Tax Rate0.43%
Median Tax Paid$1,427/yr
Tax Growth (Historical)+8.6%
Based on 48 regional loans totaling $14,670,000 (HMDA database).
$
%

$38,513 down · $314,820 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$127 / month

$

Annual premium

$

Per month

%

$133 / month

Estimated Monthly Payment

$2,374/mo

  • Principal & Interest$1,964
  • Property Tax$127
  • Home Insurance$150
  • FHA MIP$133
Amortization · Remaining Balance

Financed Loan Amount

$320,329

Total Interest

$386,709

Total of Payments

$707,038

*Includes financed FHA Upfront MIP of $5,509

Local Market Insights

Plaquemines Parish FHA Mortgage Overview

In Plaquemines Parish, FHA financing is the dominant choice, with a 10.88% down payment providing accessible entry for buyers. However, the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan due to the 89.12% loan-to-value ratio, making this ideal for those with sub-620 credit scores. The effective property tax rate is a low 0.43%, but a recent 8.6% inflation-adjusted tax shift will increase true monthly affordability. All 100% of purchases are primary residences, not investments.

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.