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Winn Parish FHA Loan Calculator

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

Loan Details

Winn Parish, LA Benchmarks

FHA averages
Typical Property Value$207,273
Average Down Payment9.0%
Average Interest Rate6.385%
Effective Tax Rate0.19%
Median Tax Paid$325/yr
Tax Growth (Historical)-2.4%
Based on 22 regional loans totaling $4,090,000 (HMDA database).
$
%

$18,655 down · $188,618 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$33 / month

$

Annual premium

$

Per month

%

$80 / month

Estimated Monthly Payment

$1,461/mo

  • Principal & Interest$1,198
  • Property Tax$33
  • Home Insurance$150
  • FHA MIP$80
Amortization · Remaining Balance

Financed Loan Amount

$191,919

Total Interest

$239,344

Total of Payments

$431,263

*Includes financed FHA Upfront MIP of $3,301

Local Market Insights

Winn Parish FHA Mortgage Overview

In Winn Parish, the 9.01% average down payment on FHA loans provides accessible entry for buyers, though mandatory Mortgage Insurance Premiums (MIP) are required for the loan’s life regardless of equity buildup. The 90.99% Loan-to-Value (LTV) ratio confirms this is a standard owner-occupied market, ideal for those with sub-620 credit scores. At a 6.385% rate, the effective 0.19% property tax rate is exceptionally low, with a -2.4% inflation-adjusted tax decrease further improving monthly affordability. For those using an FHA loan down payment approach in Winn Parish, Louisiana, the low taxes offset the permanent MIP cost.

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.