Calculate Your Louisiana Mortgage Payment
Our calculator is pre-filled with Louisiana's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with LA DefaultsMonthly Payment Breakdown for Louisiana
Here's what your monthly payment looks like on the median Louisiana home ($217,968) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($43,594), no PMI. With less than 20% down, add $73-$145/month for PMI.
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Louisiana Property Taxes
Louisiana's effective property tax rate is 0.55%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $217,968 Home
$1,199
($100/month escrowed)
Buying a Home in Louisiana: Key Facts
- Property tax rate of 0.55% is well below national average
- Homestead exemption eliminates taxes on first $75,000 of value
- Flood insurance often required and can add to monthly costs
- Resilience program offers up to $55,000 for disaster-impacted parishes
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Louisiana First-Time Homebuyer Programs
Louisiana has 38 homebuyer assistance programs that can help with down payment and closing costs.
LHC Resilience Soft Second
Up to $55,000 for down payment in disaster-impacted areas
Forgivable LoanLHC Market Rate MRB
Below-market interest rates for first-time buyers
Low-Interest MortgageMortgage Credit Certificate
Up to 40% of mortgage interest as annual tax credit
Tax CreditEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Louisiana
Home prices and property taxes can vary significantly by city. The median home value of $217,968 is a statewide estimate.
Louisiana Mortgage FAQ
What is the property tax rate in Louisiana?
The average effective property tax rate in Louisiana is 0.55%. On a $217,968 home, that's approximately $1,199 per year or $100 per month added to your mortgage payment.
What is the median home value in Louisiana?
The median home value in Louisiana is $217,968 as of 2026-06-01. Prices vary by location - New Orleans and Baton Rouge typically have higher prices than rural areas.
Are there first-time homebuyer programs in Louisiana?
Yes, Louisiana has 38 homebuyer assistance programs. Popular options include LHC Resilience Soft Second, which offers up to $55,000 for down payment in disaster-impacted areas.
How much do I need to buy a house in Louisiana?
For the median Louisiana home ($217,968), you'd need $43,594 for a 20% down payment, plus $6,539-$10,898 for closing costs. With down payment assistance, you could potentially buy with as little as $7,629 (3.5% FHA down payment).
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Calculate Your LA Mortgage Payment