State-specific mortgage calculator
Louisiana mortgage calculator
Estimate your monthly mortgage payment in Louisiana using this week’s Freddie Mac benchmark plus Louisiana-specific property tax and insurance defaults. Every input is editable, and borrower comparisons will appear as the dataset grows.
Median home price
$200,000
Louisiana 2024-25
20% down payment
$40,000
Loan $160,000
Property tax
0.55%
~$92/mo on this example
Insurance
$2,500
~$208/mo
Mortgage calculator
Your rate starts at this week’s Freddie Mac national average. Change it to the rate you were actually quoted.
Your scenario
Estimated monthly payment
$3,207
Principal & interest$2,770
Property tax$229
Home insurance$208
Loan amount
$400,000
LTV 80.0%
Total interest paid
$597,027
over 30 years
Total cost of loan
$997,027
excluding tax + insurance
What a better rate is worth
Principal + interest on your $400,000 loan at nearby rates.
| Rate | Monthly P+I | vs yours / mo | Over 5 years |
|---|---|---|---|
| 6.900% | $2,634 | −$135 | −$8,107 |
| 7.150% | $2,702 | −$68 | −$4,074 |
| 7.400%yours | $2,770 | — | — |
| 7.650% | $2,838 | +$69 | +$4,112 |
Year-by-year amortization schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | $3,760 | $29,474 | $396,240 |
| 2 | $4,048 | $29,186 | $392,192 |
| 3 | $4,358 | $28,876 | $387,834 |
| 4 | $4,692 | $28,543 | $383,143 |
| 5 | $5,051 | $28,184 | $378,092 |
| 6 | $5,437 | $27,797 | $372,655 |
| 7 | $5,854 | $27,381 | $366,801 |
| 8 | $6,302 | $26,932 | $360,499 |
| 9 | $6,784 | $26,450 | $353,715 |
| 10 | $7,304 | $25,930 | $346,411 |
| 11 | $7,863 | $25,371 | $338,548 |
| 12 | $8,465 | $24,769 | $330,083 |
| 13 | $9,113 | $24,121 | $320,970 |
| 14 | $9,811 | $23,423 | $311,159 |
| 15 | $10,562 | $22,672 | $300,597 |
| 16 | $11,371 | $21,864 | $289,227 |
| 17 | $12,241 | $20,993 | $276,986 |
| 18 | $13,178 | $20,056 | $263,807 |
| 19 | $14,187 | $19,047 | $249,620 |
| 20 | $15,273 | $17,961 | $234,347 |
| 21 | $16,443 | $16,791 | $217,904 |
| 22 | $17,702 | $15,532 | $200,202 |
| 23 | $19,057 | $14,177 | $181,145 |
| 24 | $20,516 | $12,718 | $160,629 |
| 25 | $22,087 | $11,147 | $138,542 |
| 26 | $23,778 | $9,456 | $114,764 |
| 27 | $25,598 | $7,636 | $89,166 |
| 28 | $27,558 | $5,676 | $61,608 |
| 29 | $29,668 | $3,566 | $31,940 |
| 30 | $31,940 | $1,295 | $0 |
Principal + interest only; excludes tax, insurance, and PMI.
More on Louisiana mortgage rates