VA Loan Calculator — Louisiana
An eligible VA borrower can buy the typical Louisiana home ($217,000) with no down payment. The 2.15% first-use funding fee ($4,666) is rolled into a $221,666 loan, and there is no monthly mortgage insurance — saving about $97 a month versus FHA MIP on the same home.
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
$2,078
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$310,857
Total Cost
$747,907
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $17,751 | $2,239 | $15,512 | — | $219,427 | -$2,427 |
| Year 2 | $17,751 | $2,401 | $15,349 | — | $217,026 | -$26 |
| Year 3 | $17,751 | $2,576 | $15,175 | — | $214,450 | $2,550 |
| Year 4 | $17,751 | $2,763 | $14,988 | — | $211,688 | $5,312 |
| Year 5 | $17,751 | $2,963 | $14,787 | — | $208,724 | $8,276 |
| Year 6 | $17,751 | $3,178 | $14,572 | — | $205,546 | $11,454 |
| Year 7 | $17,751 | $3,409 | $14,341 | — | $202,137 | $14,863 |
| Year 8 | $17,751 | $3,657 | $14,094 | — | $198,480 | $18,520 |
| Year 9 | $17,751 | $3,922 | $13,828 | — | $194,558 | $22,442 |
| Year 10 | $17,751 | $4,207 | $13,544 | — | $190,351 | $26,649 |
| Year 11 | $17,751 | $4,512 | $13,238 | — | $185,839 | $31,161 |
| Year 12 | $17,751 | $4,840 | $12,911 | — | $180,999 | $36,001 |
| Year 13 | $17,751 | $5,191 | $12,559 | — | $175,808 | $41,192 |
| Year 14 | $17,751 | $5,568 | $12,182 | — | $170,239 | $46,761 |
| Year 15 | $17,751 | $5,973 | $11,778 | — | $164,267 | $52,733 |
| Year 16 | $17,751 | $6,406 | $11,344 | — | $157,860 | $59,140 |
| Year 17 | $17,751 | $6,872 | $10,879 | — | $150,989 | $66,011 |
| Year 18 | $17,751 | $7,371 | $10,380 | — | $143,618 | $73,382 |
| Year 19 | $17,751 | $7,906 | $9,845 | — | $135,712 | $81,288 |
| Year 20 | $17,751 | $8,480 | $9,271 | — | $127,233 | $89,767 |
| Year 21 | $17,751 | $9,095 | $8,655 | — | $118,137 | $98,863 |
| Year 22 | $17,751 | $9,756 | $7,995 | — | $108,381 | $108,619 |
| Year 23 | $17,751 | $10,464 | $7,286 | — | $97,917 | $119,083 |
| Year 24 | $17,751 | $11,224 | $6,527 | — | $86,693 | $130,307 |
| Year 25 | $17,751 | $12,039 | $5,712 | — | $74,654 | $142,346 |
| Year 26 | $17,751 | $12,913 | $4,837 | — | $61,741 | $155,259 |
| Year 27 | $17,751 | $13,851 | $3,900 | — | $47,890 | $169,110 |
| Year 28 | $17,751 | $14,856 | $2,894 | — | $33,034 | $183,966 |
| Year 29 | $17,751 | $15,935 | $1,815 | — | $17,099 | $199,901 |
| Year 30 | $17,757 | $17,099 | $658 | — | $0 | $217,000 |
VA Loan numbers for Louisiana
- Typical Louisiana home value
- $217,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $221,666
- Includes $4,666 financed funding fee
- Estimated monthly payment
- $2,078
- APR 7.242%
- Louisiana property tax
- 0.55%
- $99/mo
- Homeowners insurance
- $5,986/yr
- $499/mo
- VA funding fee (first use)
- 2.15% · $4,666
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $97/mo
- Same $217,000 home, FHA at 3.5% down
How much house can you afford in Louisiana with a va loan?
Highest price where principal, interest, Louisiana property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 |
|---|---|---|---|---|
| $50,000 | $1,167 | $91,000 | $0 | 42% |
| $75,000 | $1,750 | $171,000 | $0 | 79% |
| $100,000 | $2,333 | $252,000 | $0 | 116% |
| $125,000 | $2,917 | $332,000 | $0 | 153% |
| $150,000 | $3,500 | $412,000 | $0 | 190% |
| $200,000 | $4,667 | $572,000 | $0 | 264% |
| $250,000 | $5,833 | $733,000 | $0 | 338% |
VA 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 a va loan in Louisiana?
Estimated $2,078 per month ($1,479 principal & interest, $99 property tax, $499 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $217,000 Louisiana home?
$4,666 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.