Louisiana Mortgage Calculator 2026
Calculate your monthly mortgage payment in Louisiana. Updated with 2026 Louisiana mortgage rates (6.2% avg), property tax (0.55%), and insurance. 10,000+ Louisiana homebuyers use this free calculator.
How to Use This Louisiana Mortgage Calculator
Enter your home price, down payment, and interest rate to instantly calculate your monthly mortgage payment in Louisiana. Results include Principal & Interest (P&I), Property Tax, Homeowners Insurance, and total interest paid.
Louisiana Mortgage Rates in 2026
The average mortgage rate in Louisiana is currently 6.2% for a 30-year fixed-rate loan. Rates typically range from 5.9% to 6.5% depending on your credit score and down payment.
Louisiana Property Taxes
Louisiana has an effective property tax rate of approximately 0.55% per year, lower than the national average.
Average Home Price in Louisiana
The median home price in Louisiana is approximately $230,000. At 20% down ($46,000), your loan amount is $184,000. Monthly P&I at 6.2% is approximately $1,126.
30-Year vs 15-Year Mortgage in Louisiana
| Loan Type | Monthly P&I | Total Interest |
|---|---|---|
| 30-Year Fixed @ 6.2% | $1,126 | $221,360 |
| 15-Year Fixed @ 6.2% | $1,572 | $98,960 |
Popular Cities in Louisiana
Frequently Asked Questions
What is the average mortgage rate in Louisiana?
As of 2026, average Louisiana mortgage rates range from 5.9% to 6.5% for a 30-year fixed-rate loan.
How much down payment do I need in Louisiana?
Most lenders require 3-20% down. Conventional loans need 5-20%, FHA loans accept as little as 3.5%.
Are property taxes high in Louisiana?
Louisiana has an effective property tax rate of approximately 0.55% annually.
What is PMI?
PMI is required if down payment is less than 20%. Once you reach 20% equity, you can request cancellation.
What documents do I need for a Louisiana mortgage?
Pay stubs, W-2s or tax returns (2 years), bank statements (3 months), valid ID, and debt details.
How long does mortgage approval take in Louisiana?
Mortgage approval in Louisiana typically takes 30-45 days from application to closing.