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St. Martin 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. Martin Parish, Louisiana based on real HMDA transaction records.

Loan Details

St. Martin Parish, LA Benchmarks

FHA averages
Typical Property Value$230,116
Average Down Payment8.0%
Average Interest Rate6.243%
Effective Tax Rate0.35%
Median Tax Paid$725/yr
Tax Growth (Historical)+15.3%
Based on 215 regional loans totaling $44,695,000 (HMDA database).
$
%

$18,409 down · $211,707 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$67 / month

$

Annual premium

$

Per month

%

$90 / month

Estimated Monthly Payment

$1,632/mo

  • Principal & Interest$1,325
  • Property Tax$67
  • Home Insurance$150
  • FHA MIP$90
Amortization · Remaining Balance

Financed Loan Amount

$215,412

Total Interest

$261,562

Total of Payments

$476,973

*Includes financed FHA Upfront MIP of $3,705

Local Market Insights

St. Martin Parish FHA Mortgage Overview

In St. Martin Parish, the 8.04% average down payment on FHA loans provides accessible entry for buyers, but the mandatory Mortgage Insurance Premium (MIP) applies for the loan’s life due to the 91.96% Loan-to-Value ratio. This structure is ideal for those with sub-620 credit scores seeking owner-occupied homes. The 0.35% property tax rate is low, yet the 15.3% inflation-adjusted tax rise increases true monthly affordability. When evaluating an FHA loan with PMI and taxes in St. Martin Parish, LA, the low down payment and fixed MIP require careful budgeting for long-term costs.

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.