Mortgage Calculator for Louisiana
Estimate your monthly payment in Louisiana using adjustable example inputs and official housing resources.
Enter Your Loan Details
Defaults are illustrative inputs, not local averages. Replace taxes, insurance and rate with property-specific estimates.
Planning a purchase in Louisiana
The prefilled price, tax percentage, and interest rate are illustrative inputs, not verified Louisiana averages or lender quotes. Replace them with the property's price, a local tax estimate, an insurance quote, and your lender's rate.
Homestead relief does not erase every local levy
Louisiana's homestead provisions distinguish municipal taxes from other levies, with specific exceptions including Orleans Parish and municipal school taxes. An approved homestead does not mean every line on a local tax bill receives the same treatment.
For your estimate: Ask the parish assessor which levies remain payable after your exemption. Use the final annual amount rather than subtracting the exemption directly from the mortgage payment.
Louisiana Legislature: constitutional homestead provisionsCheck flood coverage and market availability separately
Louisiana's insurance regulator explains that most homeowners policies exclude flooding. It also directs owners unable to secure private-market homeowners coverage to ask about Louisiana Citizens, the state's insurer of last resort.
For your estimate: Obtain actual quotes before relying on the example insurance amount. Include separate flood premiums in the annual insurance budget when purchased and check what each policy excludes.
Louisiana Department of Insurance: homeowners insuranceLocal guidance reviewed . Confirm eligibility, funding and property-specific costs directly before making a decision.
Using local estimates in this tool
The tax field multiplies the home's price by a percentage. If your assessor estimates an annual tax bill, divide that bill by the entered home price and multiply by 100. Do not enter an assessment ratio or millage directly. For example, an illustrative $4,800 annual bill on a $400,000 price corresponds to 1.2%; these are not local averages.
This payment includes principal, interest, property tax and home insurance. Budget mortgage insurance, HOA dues, maintenance and closing costs separately.
Official resources and next steps
HUD housing and homeownership resources for Louisiana provides further counseling and housing contacts.
For FHA financing, use HUD's county and unit-count lookup. Select Louisiana, the property's county, the calendar year, and the number of units. The 2026 national one-unit floor of $541,287 is a baseline, not a determination of the limit for every county in Louisiana.
HUD directory reviewed 2026-09-25. HUD state directory. Local figures are not represented as verified statistics.
Amortization Schedule
| Year | Principal Paid | Interest Paid | Tax Paid | Insurance Paid | Balance |
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How to Use This Mortgage Calculator in Louisiana
Enter the price of the property you are considering in Louisiana, then adjust the down payment and rate. The payment combines principal, interest, property tax, and insurance. It does not include HOA dues, maintenance, or mortgage insurance.
For example, at the illustrative price of $198,000 and 6% down, the base loan is $186,120. These are calculation examples, not a statement about prices or typical buyers in Louisiana.
Compare the same home under different rates and down payments. A lower monthly payment from a longer term can still mean more lifetime interest. Confirm taxes and insurance for the property before relying on the estimate.