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Louisiana Mortgage Calculator

Use this free Louisiana mortgage calculator to estimate your monthly mortgage payments and annual amortization.

Loan details

%

Monthly payment

$2,143

at 7.07% · 30-year fixed

  • Principal & interest

    $1,608

  • Property taxes

    $375

  • Homeowners insurance

    $160

Loan amount

$240,000

Total interest paid

$338,889

Payoff date

—

Get my rate

No impact to your credit score

Calculated payments and savings are estimates. The calculator result does not constitute an offer for a loan and will not solicit a loan offer. Savings will depend on the actual amounts and rate for which you are approved, should you choose to apply.

Getting a Mortgage in Louisiana

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Last updated November 19, 2025
The cost of a mortgage in Louisiana depends heavily on location, with notable differences from parish to parish. For instance, the typical monthly mortgage payment for a median-priced home in Orleans Parish was $1,814 in Q1 2025, based on a $309,474 home value, according to the National Association of Realtors. That's below the national median payment of $2,120 on a median-priced single-family home valued at $402,300.
You'll find even more affordable options in other parts of the state. For instance, in Caddo Parish, home to Shreveport, the typical payment was $1,070 for a median-priced home valued at $182,492.

Louisiana mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate7.442%7.449%
20-year fixed-rate7.357%7.367%
15-year fixed-rate6.657%6.675%
7-year ARM7.535%7.257%
5-year ARM7.625%7.223%
30-year fixed-rate VA6.763%7.114%
Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

7.449%

30-year fixed

Today's mortgage rates in Louisiana are 7.449% for a 30-year fixed, 6.675% for a 15-year fixed, and 7.223% for a 5-year adjustable-rate mortgage (ARM).

Louisiana's first-time home buyer programs

The Louisiana Housing Corporation offers several loan programs to help qualified first-time home buyers get a mortgage.
» MORE: First-time home buyer programs by state

Average property tax by parish

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Louisiana. Because assessed values aren't frequently updated, you may pay a higher rate at first but eventually you'll pay a similar rate.

CountyAvg. property tax rateMedian home value
Acadia Parish0.34%$145,100
Allen Parish0.26%$113,400
Ascension Parish0.50%$269,600
Assumption Parish0.39%$130,600
Avoyelles Parish0.19%$123,600
Beauregard Parish0.22%$150,200
Bienville Parish0.31%$85,800
Bossier Parish0.67%$219,700
Caddo Parish0.71%$167,600
Calcasieu Parish0.48%$217,300
Caldwell Parish0.24%$103,500
Cameron Parish0.42%$177,600
Catahoula Parish0.28%$91,300
Claiborne Parish0.24%$79,100
Concordia Parish0.33%$94,600
De Soto Parish0.32%$144,100
East Baton Rouge Parish0.60%$234,100
East Carroll Parish0.26%$72,600
East Feliciana Parish0.19%$204,800
Evangeline Parish0.17%$101,000
Franklin Parish0.22%$99,200
Grant Parish0.36%$128,100
Iberia Parish0.35%$148,300
Iberville Parish0.38%$161,400
Jackson Parish0.31%$105,700
Jefferson Davis Parish0.28%$149,800
Jefferson Parish0.55%$261,600
Lafayette Parish0.55%$228,600
Lafourche Parish0.39%$178,600
LaSalle Parish0.41%$120,500
Lincoln Parish0.45%$184,300
Livingston Parish0.42%$229,400
Madison Parish0.31%$88,200
Morehouse Parish0.45%$104,300
Natchitoches Parish0.41%$155,700
Orleans Parish0.81%$302,700
Ouachita Parish0.50%$178,200
Plaquemines Parish0.41%$253,300
Pointe Coupee Parish0.32%$172,500
Rapides Parish0.46%$188,000
Red River Parish0.22%$99,100
Richland Parish0.21%$121,800
Sabine Parish0.26%$112,300
St. Bernard Parish0.42%$184,000
St. Charles Parish0.53%$248,600
St. Helena Parish0.11%$104,700
St. James Parish0.45%$185,200
St. John the Baptist Parish0.37%$173,200
St. Landry Parish0.18%$119,700
St. Martin Parish0.37%$139,900
St. Mary Parish0.39%$128,000
St. Tammany Parish0.73%$276,800
Tangipahoa Parish0.33%$190,800
Tensas Parish0.32%$78,300
Terrebonne Parish0.39%$185,400
Union Parish0.28%$117,300
Vermilion Parish0.34%$154,000
Vernon Parish0.26%$141,900
Washington Parish0.26%$133,200
Webster Parish0.29%$100,100
West Baton Rouge Parish0.46%$223,900
West Carroll Parish0.16%$100,600
West Feliciana Parish0.42%$239,700
Winn Parish0.20%$98,100
Source: American Communities Survey 2022, U.S. Census

How to use the mortgage calculator

To use our mortgage calculator, add your details to the following fields:
  1. Home price
  2. Down payment
  3. Interest rate
  4. Loan term (years)
After you enter this information, the calculator displays the monthly payment, as well as:
  • Total principal
  • Total interest payments
  • Payoff date
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Calculating costs in addition to principal and interest

The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association (HOA) fee, and monthly private mortgage insurance (PMI) premium.
To enter this information, click “Show Advanced Info” underneath the main loan details. Note that you'll enter the annual cost for property taxes and home insurance and the monthly cost for HOA fees and PMI premiums. The PMI field will only display if your down payment is less than 20%.
In the “Loan Estimate” window, select "Amortization Schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.
» MORE: What is mortgage amortization?

Explanation of terminology

  • Total monthly payment: An estimate of all your monthly housing costs, covering your loan principal, interest, taxes, insurance, and PMI.
  • Total principal: This is the amount you borrow. Each mortgage payment reduces the principal you owe.
  • Total interest payments: How much interest you would pay over the life of the loan.
  • Total loan payments: The entire amount of principal and interest paid, excluding taxes, insurance, and PMI.
  • Down payment: The portion of the home’s price you pay in cash upfront. 
  • Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.
  • Loan term (years): The number of years you have to repay the mortgage. A longer term gives you a lower monthly payment, but you’ll pay more interest.
  • Start date: The month that your first mortgage payment is due.
  • Payoff date: The month your home will be fully paid off based on the loan term.
  • Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual property tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.
  • Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual homeowners insurance premium each month, and the servicer pays the bill when it's due.
  • Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.
  • Private mortgage insurance: If you get a conventional mortgage and put down less than 20%, you’ll have to pay a monthly PMI premium. It covers the lender if you default on the loan and can be canceled once you reach 20% equity. FHA loans require a similar fee called a mortgage insurance premium. 
If you're looking to see how much you could save by refinancing your mortgage, try NerdWallet's refinance calculator.
» MORE FOR CANADIAN READERS: Canada mortgage payment calculator
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