Louisiana Mortgage Calculator 2026
Louisiana presents a unique financial picture: very low property taxes (0.55%) but some of the highest homeowners insurance costs in the nation due to hurricane and flood risk. The insurance crisis in Louisiana has become severe, with multiple major insurers exiting the state. Budget carefully — insurance can easily exceed $200–$400/month in coastal and flood-prone areas.
Calculate Your Louisiana Mortgage Payment
Pre-filled with Louisiana averages — adjust any value to match your situation.
= $43,000 down
Estimated Monthly Payment Breakdown
Based on $215,000 home price, 20% down, 30-year fixed at 7.25%.
Louisiana Property Taxes & Income Tax
Louisiana's 0.55% property tax rate is one of the lowest in the nation. The Homestead Exemption exempts the first $75,000 of assessed value from property taxes for primary residents — eliminating taxes entirely for many lower-value homes. Louisiana is a community property state with a 4.25% top income tax rate.
Louisiana Homeowners Insurance
Louisiana's insurance market is in crisis following Hurricanes Katrina, Ida, and numerous other storms. Coastal annual premiums range from $4,000 to $15,000+. Flood insurance is mandatory in FEMA flood zones and strongly recommended elsewhere. Budget $200–$400+/month in coastal areas, $150–$250 inland.
Louisiana Housing Market Overview
New Orleans offers unique cultural heritage with a range of prices from affordable neighborhoods to premium Garden District properties. Baton Rouge is the state capital with a stable market. Shreveport and Lafayette offer affordable options. Louisiana is a community property state affecting how jointly-owned property is treated.
Frequently Asked Questions
What is the average mortgage payment in Louisiana?
Based on Louisiana's median home price of $215,000, a 20% down payment, and a 30-year fixed rate of 7.25%, the estimated total monthly payment (PITI) is approximately $1,505/month.
What is the conforming loan limit in Louisiana?
The conforming loan limit in Louisiana is $766,550. Loans above this amount are jumbo loans requiring stronger credit and larger down payments.
Can I get a USDA loan in Louisiana?
Yes — Louisiana has USDA-eligible rural areas where qualifying buyers can purchase a home with zero down payment. Use the USDA eligibility map to check specific addresses.
Are VA loans available in Louisiana?
Yes — eligible veterans, active-duty service members, and surviving spouses can use VA loans in Louisiana with no down payment and no PMI. The VA loan limit in Louisiana is $766,550.
Louisiana Loan Limits
Louisiana Homebuyer Programs
Soft second mortgage providing down payment and closing cost assistance for qualifying first-time homebuyers.
Learn more →