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Rapides Parish FHA Loan Calculator

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

Loan Details

Rapides Parish, LA Benchmarks

FHA averages
Typical Property Value$224,884
Average Down Payment8.5%
Average Interest Rate6.321%
Effective Tax Rate0.48%
Median Tax Paid$1,000/yr
Tax Growth (Historical)-5.3%
Based on 516 regional loans totaling $104,410,000 (HMDA database).
$
%

$19,115 down · $205,769 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$90 / month

$

Annual premium

$

Per month

%

$87 / month

Estimated Monthly Payment

$1,626/mo

  • Principal & Interest$1,299
  • Property Tax$90
  • Home Insurance$150
  • FHA MIP$87
Amortization · Remaining Balance

Financed Loan Amount

$209,370

Total Interest

$258,152

Total of Payments

$467,522

*Includes financed FHA Upfront MIP of $3,601

Local Market Insights

Rapides Parish FHA Mortgage Overview

In Rapides Parish, FHA buyers leverage an 8.49% down payment against a $224,884 average property value. This low entry point, combined with a 91.51% LTV, makes homeownership accessible but mandates Mortgage Insurance Premiums (MIP) for the loan's life—a key consideration when comparing FHA loan down payment scenarios. The 0.48% effective tax rate, adjusted down 5.3% for inflation, slightly improves true monthly affordability. For those evaluating Rapides Parish FHA loan limits and tax impacts, this data reflects 100% owner-occupied purchases, ideal for buyers with sub-620 credit seeking stable primary residences.

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.