Tensas Parish FHA Loan Calculator

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

Loan Details

US County (Smart Autofill)

Loan Type

Tensas Parish, LA Benchmarks

FHA averages

Typical Property Value$161,000

Average Down Payment10.3%

Average Interest Rate5.938%

Effective Tax Rate0.33%

Median Tax Paid$221/yr

Tax Growth (Historical)-7.6%

Based on 5 regional loans totaling $735,000 (HMDA database).

Home Price

Down Payment

$16,583 down · $144,417 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$44 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$61 / month

Estimated Monthly Payment

$1,131/mo

Principal & Interest$875
Property Tax$44
Home Insurance$150
FHA MIP$61

Amortization · Remaining Balance

Financed Loan Amount

$146,944

Total Interest

$168,180

Total of Payments

$315,124

*Includes financed FHA Upfront MIP of $2,527

Local Market Insights

Tensas Parish FHA Mortgage Overview

In Tensas Parish, the 10.35% down payment on an FHA loan provides accessible entry, but the mandatory Mortgage Insurance Premium (MIP) is required for the life of the loan, regardless of this equity level. With an 89.65% loan-to-value ratio and 100% owner-occupied status, this market suits buyers with sub-620 credit seeking stable financing. The effective property tax rate of 0.33% is low, and the recent -7.6% inflation-adjusted tax shift further reduces monthly costs, improving true affordability when using an FHA mortgage with property taxes. For a complete financial picture, prospective homeowners should consider an FHA loan down payment analysis in Tensas Parish, factoring in these local tax benefits and loan limits.

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.