FHA Loan Calculator — Louisiana
On the typical Louisiana home ($217,000), 3.5% down leaves a $209,405 base loan. The 1.75% upfront premium ($3,665) is financed, for a $213,070 loan, and annual MIP of 0.55% adds $97 a month for the life of the loan. Louisiana FHA limits run $541,287–$832,750 by county.
Louisiana has the 13th-lowest effective property tax rate of the 50 states at 0.55% — $781 less a year than the 0.91% state average on a $217,000 home. Homeowners insurance averages $5,986 a year, the 2nd-highest premium nationally and $3,266 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,117
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$298,800
Total Cost
$750,631
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $17,062 | $2,152 | $14,910 | $1,167 | $210,918 | $6,082 |
| Year 2 | $17,062 | $2,308 | $14,754 | $1,154 | $208,610 | $8,390 |
| Year 3 | $17,062 | $2,476 | $14,586 | $1,141 | $206,134 | $10,866 |
| Year 4 | $17,062 | $2,655 | $14,407 | $1,127 | $203,478 | $13,522 |
| Year 5 | $17,062 | $2,848 | $14,214 | $1,112 | $200,630 | $16,370 |
| Year 6 | $17,062 | $3,055 | $14,007 | $1,096 | $197,575 | $19,425 |
| Year 7 | $17,062 | $3,277 | $13,785 | $1,079 | $194,298 | $22,702 |
| Year 8 | $17,062 | $3,515 | $13,547 | $1,060 | $190,783 | $26,217 |
| Year 9 | $17,062 | $3,770 | $13,292 | $1,040 | $187,013 | $29,987 |
| Year 10 | $17,062 | $4,044 | $13,018 | $1,019 | $182,969 | $34,031 |
| Year 11 | $17,062 | $4,337 | $12,725 | $996 | $178,632 | $38,368 |
| Year 12 | $17,062 | $4,652 | $12,410 | $971 | $173,980 | $43,021 |
| Year 13 | $17,062 | $4,990 | $12,072 | $945 | $168,989 | $48,011 |
| Year 14 | $17,062 | $5,353 | $11,710 | $916 | $163,637 | $53,363 |
| Year 15 | $17,062 | $5,741 | $11,321 | $886 | $157,896 | $59,104 |
| Year 16 | $17,062 | $6,158 | $10,904 | $853 | $151,738 | $65,262 |
| Year 17 | $17,062 | $6,605 | $10,457 | $818 | $145,132 | $71,868 |
| Year 18 | $17,062 | $7,085 | $9,977 | $781 | $138,048 | $78,952 |
| Year 19 | $17,062 | $7,599 | $9,463 | $740 | $130,448 | $86,552 |
| Year 20 | $17,062 | $8,151 | $8,911 | $697 | $122,297 | $94,703 |
| Year 21 | $17,062 | $8,743 | $8,319 | $651 | $113,555 | $103,445 |
| Year 22 | $17,062 | $9,378 | $7,685 | $601 | $104,177 | $112,823 |
| Year 23 | $17,062 | $10,059 | $7,004 | $548 | $94,118 | $122,882 |
| Year 24 | $17,062 | $10,789 | $6,273 | $491 | $83,330 | $133,670 |
| Year 25 | $17,062 | $11,572 | $5,490 | $429 | $71,757 | $145,243 |
| Year 26 | $17,062 | $12,413 | $4,650 | $364 | $59,345 | $157,655 |
| Year 27 | $17,062 | $13,314 | $3,748 | $293 | $46,031 | $170,969 |
| Year 28 | $17,062 | $14,281 | $2,782 | $218 | $31,750 | $185,250 |
| Year 29 | $17,062 | $15,317 | $1,745 | $137 | $16,433 | $200,567 |
| Year 30 | $17,066 | $16,433 | $633 | $49 | $0 | $217,000 |
FHA Loan numbers for Louisiana
- Typical Louisiana home value
- $217,000
- 3.5% down ($7,595) · Zillow, August 31, 2026
- Loan amount
- $213,070
- Includes $3,665 financed UFMIP
- Estimated monthly payment
- $2,117
- APR 7.761%
- Louisiana property tax
- 0.55%
- $99/mo
- Homeowners insurance
- $5,986/yr
- $499/mo
- Upfront MIP (1.75%)
- $3,665
- Financed into the loan
- Annual MIP
- 0.55%
- $97/mo in year 1 · life of loan
- Louisiana FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Louisiana with an fha loan?
Highest price where principal, interest, Louisiana property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $40,000 | $933 | $58,000 | $2,030 | 27% |
| $50,000 | $1,167 | $89,000 | $3,115 | 41% |
| $60,000 | $1,400 | $120,000 | $4,200 | 55% |
| $75,000 | $1,750 | $167,000 | $5,845 | 77% |
| $100,000 | $2,333 | $245,000 | $8,575 | 113% |
| $125,000 | $2,917 | $324,000 | $11,340 | 149% |
| $150,000 | $3,500 | $402,000 | $14,070 | 185% |
FHA vs other loan types in Louisiana
$217,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $21,700 | $195,300 | — | $117 PMI | $2,019 | 7.488% |
| FHA | 3.5% · $7,595 | $213,070 | UFMIP $3,665 | $97 MIP | $2,117 | 7.761% |
| VA | 0% · $0 | $221,666 | Funding fee $4,666 | $0 | $2,078 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $43,400 | $173,600 | — | $0 | $1,757 | 7.030% |
Frequently asked questions
What is the monthly payment on a $217,000 home with an fha loan in Louisiana?
Estimated $2,117 per month ($1,422 principal & interest, $99 property tax, $499 insurance, $97 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Louisiana for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.