Estimate your monthly mortgage payment in Louisiana. Defaults use Louisiana typical property tax (0.56%) and average home insurance ($4,900 per year). Edit anything to match your quote.
Start calculatingCompare states ▶Solid bars are principal paid. Faded bars are interest paid.
| Year | Principal paid | Interest paid | Ending balance |
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Effective property tax rates and typical annual home insurance costs differ a lot across the US. Select Use to load a state into the calculator. Figures are rounded estimates for planning only.
| State | Tax rate | Tax on $400,000 home | Avg. insurance / year |
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Louisiana has an effective property tax rate of about 0.56%, which is below the state average of about 0.97%. On a $400,000 home that is roughly $2,240 per year, or $187 per month. Average homeowners insurance is about $4,900 per year ($408 per month). Louisiana ranks #38 of 51 for property tax and #1 for insurance cost, so it is in the middle of the pack for property tax, and among the costliest states for insurance, so get several quotes and check wind, hail or flood coverage.
With 20% down at 6.5% for 30 years, a $400,000 home in Louisiana costs about $2,618 per month including principal, interest, property tax and insurance, before PMI, HOA and closing costs.
| Home price | Principal and interest | Property tax | Insurance | Total per month |
|---|---|---|---|---|
| $300,000 | $1,517 | $140 | $408 | $2,065 |
| $400,000 | $2,023 | $187 | $408 | $2,618 |
| $500,000 | $2,528 | $233 | $408 | $3,169 |
Assumes 20% down, 6.5% rate, 30-year fixed loan and Louisiana state averages. County and city taxes, flood coverage and your credit profile can change the result.
A mortgage calculator estimates your monthly home loan payment from the home price, down payment, interest rate and loan term. This one also adds the costs that change by state: property tax, homeowners insurance, PMI and HOA dues, so you see the real PITI figure (principal, interest, taxes and insurance).
M = P × r × (1 + r)^n / ((1 + r)^n − 1)
P is the loan amount, r is the monthly interest rate (annual rate divided by 12) and n is the number of monthly payments.
Example: a $400,000 home with 20% down has a $320,000 loan at 6.5%. The 15-year loan costs roughly $765 more each month but saves roughly $226,000 in interest.
The part that reduces your loan balance.
The lender's charge, highest in the early years.
Assessed value times your local rate, usually paid through escrow.
Costs more in storm, hail and wildfire areas.
Usually required on conventional loans with under 20% down.
Paid to your community association where one exists.
Illinois, Connecticut, New Hampshire and Vermont also sit near the top, while Alabama and Colorado are near the bottom. Insurance varies just as much: Louisiana, Florida, Oklahoma, Nebraska and Texas have some of the highest average premiums because of hurricanes and hail, while Delaware, Hawaii, New Hampshire and Vermont are among the lowest. Taxes and premiums also differ by county, so treat state averages as a starting point.
From 3% down, with PMI under 20% down.
3.5% down, lower credit scores, mortgage insurance premiums.
Often 0% down for eligible veterans and service members.
0% down in eligible rural areas.
This calculator uses a PMI-style estimate, so enter your own insurance rate for FHA, VA or USDA loans. Monthly tax is home price times the state effective rate divided by 12, insurance is the annual average divided by 12, and PMI stops once the balance falls to 80% of the home price. State figures are rounded averages for planning, and your inputs stay in your browser.
Last updated: November 2026.
Quick answers about payments, PMI, taxes, closing costs and extra payments.
Open the calculatorOn a $400,000 home with 20% down at 6.5% for 30 years, expect about $2,618 per month in Louisiana including estimated property tax and insurance.
The typical effective rate is about 0.56%, or roughly $2,240 per year on a $400,000 home. Rates vary by county.
It averages about $4,900 per year in Louisiana, and your premium depends on location, home age and coverage.
It equals principal and interest plus property tax, insurance, PMI and HOA. For a $320,000 loan at 6.5% over 30 years, principal and interest is about $2,023 per month before taxes and insurance.
A common guideline is to keep housing costs under 28% of gross monthly income and total debts under 36%. Lenders may approve more, so choose a payment you can comfortably sustain.
20% avoids PMI on conventional loans, but many buyers put down 3% to 10% and pay PMI until they reach about 20% equity.
PMI protects the lender when you put down less than 20%. You can usually request removal at 80% loan-to-value, and it generally ends automatically at 78% if you are current on payments.
New Jersey, Illinois, Connecticut, New Hampshire and Vermont are among the highest effective rates. Hawaii, Alabama and Colorado are among the lowest.
A 15-year loan has a higher monthly payment but far less total interest. A 30-year loan lowers the monthly payment and keeps cash flow flexible. Compare both above.
Extra money goes straight to principal, which lowers future interest and shortens the loan. Enter an extra monthly amount above to see interest saved and the new payoff date.
No. Closing costs typically run about 2% to 5% of the home price and are paid upfront, so budget for them separately.
It gives a close estimate using state averages that you can edit. Your lender's Loan Estimate shows your exact rate, taxes, insurance and fees.
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