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West Feliciana 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 Feliciana Parish, Louisiana based on real HMDA transaction records.

Loan Details

West Feliciana Parish, LA Benchmarks

FHA averages
Typical Property Value$299,286
Average Down Payment12.6%
Average Interest Rate6.382%
Effective Tax Rate0.43%
Median Tax Paid$1,556/yr
Tax Growth (Historical)+11.1%
Based on 21 regional loans totaling $5,525,000 (HMDA database).
$
%

$37,710 down · $261,576 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$107 / month

$

Annual premium

$

Per month

%

$111 / month

Estimated Monthly Payment

$2,029/mo

  • Principal & Interest$1,661
  • Property Tax$107
  • Home Insurance$150
  • FHA MIP$111
Amortization · Remaining Balance

Financed Loan Amount

$266,154

Total Interest

$331,922

Total of Payments

$598,076

*Includes financed FHA Upfront MIP of $4,578

Local Market Insights

West Feliciana Parish FHA Mortgage Overview

For West Feliciana Parish homebuyers using an FHA loan, the 12.64% weighted average down payment provides accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the life of the loan, regardless of equity. With an 87.36% median loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupied purchases. The 0.43% effective property tax rate is low, but the recent 11.1% inflation-adjusted tax increase will impact true monthly affordability. When evaluating an FHA loan with PMI and taxes in West Feliciana Parish, LA, understand that MIP is permanent, making this ideal for buyers with sub-620 credit scores seeking lower initial 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.