Mortgage on a $150K house in Louisiana
$951 a month with 20% down — $807 principal and interest plus $68 property tax and $75 insurance.
Louisiana's typical property tax is 0.55% of the home's value a year (U.S. average 0.9%), which adds $68 a month on a $150K home. The typical home in Louisiana is worth $213,867, so $150K is 30% below the typical price.
$150K home in Louisiana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $143 | $951 | $40,700 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $143 | $1,108 | $47,500 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $143 | $1,161 | $49,800 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $143 | $1,201 | $51,500 |
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 $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Jefferson Davis Parish | $150,216 | 0.29% | $919 |
| Red River Parish | $150,771 | 0.42% | $935 |
| Caddo Parish | $151,157 | 0.62% | $959 |
| Acadia Parish | $153,529 | 0.31% | $921 |
| Iberia Parish | $145,862 | 0.36% | $927 |
| Union Parish | $157,531 | 0.46% | $940 |
| Vermilion Parish | $157,990 | 0.36% | $927 |
| LaSalle Parish | $141,436 | 0.45% | $938 |
| Washington Parish | $140,042 | 0.33% | $923 |
| Saint Landry Parish | $135,021 | 0.29% | $918 |
| Grant Parish | $166,049 | 0.6% | $957 |
| Vernon Parish | $166,136 | 0.53% | $948 |
22 of 64 Louisiana counties tracked by Zillow have a typical home value at or below $150K. See all Louisiana home prices.
Other prices in Louisiana
Frequently asked questions
What is the mortgage on a $150K house in Louisiana?
About $951 a month with 20% down at 7.11%: $807 principal and interest, $68 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Louisiana?
About $40,700 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Louisiana?
At Louisiana's typical effective rate of 0.55%, about $821 a year. Rates vary by county and city — see the county pages.