Mortgage Data Labs

Programmatic SEO Local County Calculator

Home>Louisiana>Richland Parish (FHA)

Richland Parish FHA Loan Calculator

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

Loan Details

Richland Parish, LA Benchmarks

FHA averages
Typical Property Value$217,889
Average Down Payment8.0%
Average Interest Rate6.438%
Effective Tax Rate0.23%
Median Tax Paid$401/yr
Tax Growth (Historical)-11.2%
Based on 45 regional loans totaling $8,815,000 (HMDA database).
$
%

$17,431 down · $200,458 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$42 / month

$

Annual premium

$

Per month

%

$85 / month

Estimated Monthly Payment

$1,558/mo

  • Principal & Interest$1,281
  • Property Tax$42
  • Home Insurance$150
  • FHA MIP$85
Amortization · Remaining Balance

Financed Loan Amount

$203,966

Total Interest

$257,254

Total of Payments

$461,220

*Includes financed FHA Upfront MIP of $3,508

Local Market Insights

Richland Parish FHA Mortgage Overview

For Richland Parish homebuyers, the 8.02% average down payment on an FHA loan (average value $217,889) provides accessible entry, but note the 91.98% LTV ratio means mandatory MIP for the loan’s life—ideal for those with sub-620 credit. The effective property tax rate of 0.23% is remarkably low, and the recent -11.2% inflation-adjusted tax shift further reduces true monthly affordability. When evaluating an FHA loan with PMI and taxes in Richland Parish, LA, this tax relief helps offset the permanent MIP cost. Understanding Richland Parish FHA loan limits and tax implications confirms this market favors long-term, owner-occupied buyers.

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.