Mortgage on a $100K house in Louisiana
$634 a month with 20% down — $538 principal and interest plus $46 property tax and $50 insurance.
Louisiana's typical property tax is 0.55% of the home's value a year (U.S. average 0.9%), which adds $46 a month on a $100K home. The typical home in Louisiana is worth $213,867, so $100K is 53% below the typical price.
$100K home in Louisiana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $96 | $634 | $27,200 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $96 | $739 | $31,700 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $96 | $774 | $33,200 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $96 | $800 | $34,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.55% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Louisiana does $100K buy a typical home?
In these counties the typical home value is within 15% of $100K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Morehouse Parish | $97,826 | 0.45% | $625 |
| Bienville Parish | $103,201 | 0.3% | $613 |
| Evangeline Parish | $103,484 | 0.29% | $612 |
| Claiborne Parish | $95,550 | 0.43% | $624 |
| Webster Parish | $112,367 | 0.36% | $618 |
| Winn Parish | $113,751 | 0.3% | $613 |
4 of 64 Louisiana counties tracked by Zillow have a typical home value at or below $100K. See all Louisiana home prices.
Other prices in Louisiana
Frequently asked questions
What is the mortgage on a $100K house in Louisiana?
About $634 a month with 20% down at 7.11%: $538 principal and interest, $46 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Louisiana?
About $27,200 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Louisiana?
At Louisiana's typical effective rate of 0.55%, about $547 a year. Rates vary by county and city — see the county pages.