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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

$2,119

at 6.92% · 30-year fixed

  • Principal & interest

    $1,584

  • Property taxes

    $375

  • Homeowners insurance

    $160

Loan amount

$240,000

Total interest paid

$330,187

Payoff date

—

YOU'RE KEEPING $13,365

$13,365

stays in your pocket

That's your total savings over 30 years at today's best rate on NerdWallet (6.92%) vs. the 7.15% national average — $37 less every month.

  • Today's best rate: 6.92%

  • Get your free rate with no credit impact

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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,  Edited by 
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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-rate7.263%7.270%
20-year fixed-rate7.280%7.289%
15-year fixed-rate6.581%6.593%
7-year ARM7.535%7.264%
5-year ARM7.625%7.223%
30-year fixed-rate VA6.602%6.947%
Data source: ©Zillow, Inc. 2006 – 2026. Use is subject to the Terms of Use

Today's rate

7.270%

30-year fixed

Today's mortgage rates in Louisiana are 7.270% for a 30-year fixed, 6.593% 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: What you're hoping to spend on a home.
2. ZIP code: The home's location.
3. Down payment: How much cash you're paying upfront towards the home's price. This calculator defaults to showing a 20% down payment, but you can adjust it up or down by changing the dollar amount or the percentage. This calculator assumes you're using a conventional loan, so it will automatically add private mortgage insurance if the down payment amount is less than 20%.
4. Loan term: The default is 30 years, but you can also choose a shorter term.
5. Interest rate: Use today's average APR, enter the rate you've been quoted or use the lowest APR NerdWallet partners are offering today.
That's the least you can do. To get more accurate results, fill in the following four categories. (Estimates are fine, but this goes over how to get more specific numbers.)
6. Property taxes (per year): This is autofilled with an estimate, but property taxes vary tremendously throughout the country. Get more precise by looking up the tax rate where you're planning to buy or looking at the tax history for the home you're interested in. You can change the property tax amount by editing the dollar amount or the percentage.
7. Homeowners insurance (per year): Mortgage lenders require borrowers to have homeowners insurance. Not sure what you might pay? This calculator puts in an estimate, but you can use NerdWallet's home insurance calculator to fine-tune it. All you need to know is the property location and the rough amount you'd be looking to insure — use the home's price as a proxy.
8. HOA fees: If the home is part of a homeowners association, put the monthly dues here. (The calculator default is no HOA costs.) This is also information you can likely crib from a home's listing. One other note, if there are HOA fees but you're going to pay them directly rather than with an escrow account, you can omit them here.
9. PMI (monthly): If you've entered a down payment amount under 20%, this will autofill, since the calculator assumes you're using a conventional loan. PMI is tied to your credit score, so if you want a more accurate figure, pop over to NerdWallet's PMI calculator. If you're using a VA loan, you can zero this out, since VA loans do not require mortgage insurance. On the other hand, if you're getting an FHA loan, you'll have to pay mortgage insurance premiums regardless of your down payment amount. For more accurate payment info, use our FHA mortgage calculator.
The calculator's results will update as you adjust the numbers in these fields. The results show you the monthly payment, as well as:
  • Loan amount: How much you're actually borrowing in principal.
  • Total interest paid: How much interest you will pay over the life of the mortgage if you keep it until its term ends. (Most people sell or refinance well before that point, but it's still interesting info.)
  • Payoff date: If you kept the same loan for its entire term, here's the month and year when you'd own the home free and clear.
There's also a simple annual amortization schedule. Amortization shows how your mortgage payment changes over time. Even though the principal and interest payment doesn't change with a fixed-rate mortgage, the percentage of that payment that's going toward each component does. At the beginning of the loan, more goes toward interest; the closer to the end of the loan's term, the more of the payment goes toward principal. If you want a more detailed month-by-month look, yes, NerdWallet has an amortization calculator, too.
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CONSIDERING A REFI? 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