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St. James Parish FHA Loan Calculator

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

Loan Details

St. James Parish, LA Benchmarks

FHA averages
Typical Property Value$244,808
Average Down Payment15.2%
Average Interest Rate6.360%
Effective Tax Rate0.47%
Median Tax Paid$1,113/yr
Tax Growth (Historical)+3.5%
Based on 52 regional loans totaling $10,110,000 (HMDA database).
$
%

$37,211 down · $207,597 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$96 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,650/mo

  • Principal & Interest$1,316
  • Property Tax$96
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$211,230

Total Interest

$262,433

Total of Payments

$473,663

*Includes financed FHA Upfront MIP of $3,633

Local Market Insights

St. James Parish FHA Mortgage Overview

For St. James Parish homebuyers using an FHA loan, the 15.24% down payment on a $244,808 average property provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, even with this equity. The 84.76% Loan-to-Value ratio confirms this, ideal for those with sub-620 scores. The low 0.47% property tax rate, adjusted upward by 3.5% for inflation, keeps monthly costs manageable. When evaluating an FHA loan down payment in St. James Parish, Louisiana, remember MIP is permanent, unlike conventional loans. This FHA mortgage data with property taxes shows a stable, owner-occupied market (100% primary residence) with predictable affordability.

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.