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West Baton Rouge Parish FHA Loan Calculator

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

Loan Details

West Baton Rouge Parish, LA Benchmarks

FHA averages
Typical Property Value$275,955
Average Down Payment7.0%
Average Interest Rate6.458%
Effective Tax Rate0.47%
Median Tax Paid$1,251/yr
Tax Growth (Historical)-9.2%
Based on 178 regional loans totaling $45,380,000 (HMDA database).
$
%

$19,317 down · $256,638 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$108 / month

$

Annual premium

$

Per month

%

$109 / month

Estimated Monthly Payment

$2,011/mo

  • Principal & Interest$1,644
  • Property Tax$108
  • Home Insurance$150
  • FHA MIP$109
Amortization · Remaining Balance

Financed Loan Amount

$261,129

Total Interest

$330,585

Total of Payments

$591,715

*Includes financed FHA Upfront MIP of $4,491

Local Market Insights

West Baton Rouge Parish FHA Mortgage Overview

For West Baton Rouge Parish homebuyers, the 6.98% weighted average down payment on an FHA loan provides accessible entry, requiring just over $19,000 on the average $275,955 property. However, with a 93.02% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the life of the loan—ideal for those with sub-620 credit scores. The effective property tax rate of 0.47% is low, and the -9.2% inflation-adjusted tax change further reduces monthly costs, improving affordability. When evaluating an FHA mortgage with property taxes, this tax relief offsets some MIP expense. Note all data reflects 100% owner-occupied purchases.

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.