Louisiana · LA

Louisiana Mortgage Calculator

Pre-filled for Louisiana: median home price $220,000, average property tax rate 0.55%. Adjust any slider to make it yours.

Louisiana housing at a glance

Median home price: $220,000
Effective property tax rate: 0.55% / yr
Annual property tax (median home): $1,210
Est. monthly tax escrow: $101
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Louisiana

The median home price in Louisiana is around $220,000 and the effective property tax rate averages 0.55%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Louisiana is $44,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Louisiana

Louisiana has no state-level real estate transfer tax. Some parishes (notably Orleans) charge a documentary tax.

Beyond transfer taxes, total closing costs in Louisianatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $4,400–$11,000.

Foreclosure & legal context

Foreclosure type: Judicial (court-supervised)
Security instrument: Mortgage
Deficiency liability: Recourse

Louisiana mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Louisiana?: At the current 30-year fixed rate of ~6.81%, a $220,000 home in Louisiana with 20% down ($44,000) carries a principal-and-interest payment of ~$1,149/mo. Add property tax (~$101/mo at 0.55%) and homeowners insurance and your total is roughly $1,249/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Louisiana?: The effective statewide property tax rate in Louisiana averages 0.55% of assessed value per year. On a $220,000 home, that works out to roughly $1,210 per year ($101/mo). Individual county rates vary.
Does Louisiana have a state income tax?: Yes, Louisiana has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Louisiana?: Louisiana has no state-level real estate transfer tax. Some parishes (notably Orleans) charge a documentary tax.
What type of foreclosure does Louisiana use?: Louisiana uses judicial foreclosure, meaning a lender must file a lawsuit and obtain a court judgment before selling a property.

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