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Vermilion Parish FHA Loan Calculator

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

Loan Details

Vermilion Parish, LA Benchmarks

FHA averages
Typical Property Value$221,529
Average Down Payment7.9%
Average Interest Rate6.004%
Effective Tax Rate0.33%
Median Tax Paid$589/yr
Tax Growth (Historical)+6.2%
Based on 242 regional loans totaling $48,500,000 (HMDA database).
$
%

$17,501 down · $204,028 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$61 / month

$

Annual premium

$

Per month

%

$86 / month

Estimated Monthly Payment

$1,542/mo

  • Principal & Interest$1,245
  • Property Tax$61
  • Home Insurance$150
  • FHA MIP$86
Amortization · Remaining Balance

Financed Loan Amount

$207,599

Total Interest

$240,479

Total of Payments

$448,077

*Includes financed FHA Upfront MIP of $3,570

Local Market Insights

Vermilion Parish FHA Mortgage Overview

In Vermilion Parish, FHA buyers leverage a 7.94% down payment on a $221,529 average property, making homeownership accessible with minimal upfront cash. However, the 92.06% LTV ratio means mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, a key factor for those with sub-620 credit. The 0.33% tax rate is low, but the 6.2% inflation-adjusted tax increase will raise true monthly affordability. When evaluating a Vermilion Parish FHA mortgage with property taxes, remember MIP is permanent, unlike conventional PMI. This data reflects 100% owner-occupied, standard 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.