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Union Parish FHA Loan Calculator

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

Loan Details

Union Parish, LA Benchmarks

FHA averages
Typical Property Value$231,780
Average Down Payment10.4%
Average Interest Rate6.336%
Effective Tax Rate0.32%
Median Tax Paid$518/yr
Tax Growth (Historical)+6.9%
Based on 60 regional loans totaling $11,870,000 (HMDA database).
$
%

$24,105 down · $207,675 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$62 / month

$

Annual premium

$

Per month

%

$88 / month

Estimated Monthly Payment

$1,613/mo

  • Principal & Interest$1,313
  • Property Tax$62
  • Home Insurance$150
  • FHA MIP$88
Amortization · Remaining Balance

Financed Loan Amount

$211,309

Total Interest

$261,537

Total of Payments

$472,846

*Includes financed FHA Upfront MIP of $3,634

Local Market Insights

Union Parish FHA Mortgage Overview

Union Parish homebuyers utilizing FHA financing are entering the market with a 10.36% down payment, which is above the 3.5% minimum. However, with a median loan-to-value ratio of 89.64%, mandatory Mortgage Insurance Premiums (MIP) are required for the life of the loan, making this ideal for those with sub-620 credit. The effective property tax rate is a low 0.32%, but a recent 6.9% inflation-adjusted tax increase will modestly raise monthly costs. To accurately assess your total monthly payment including PMI and property taxes for a Union Parish FHA loan, use our interactive tool above. These figures reflect 100% owner-occupied purchases, not investments.

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.