Mortgage on a $200K house in Louisiana
$1,268 a month with 20% down — $1,076 principal and interest plus $91 property tax and $100 insurance.
Louisiana's typical property tax is 0.55% of the home's value a year (U.S. average 0.9%), which adds $91 a month on a $200K home. The typical home in Louisiana is worth $213,867, so $200K is 6% below the typical price.
$200K home in Louisiana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $191 | $1,268 | $54,300 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $191 | $1,477 | $63,300 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $191 | $1,548 | $66,400 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $191 | $1,601 | $68,600 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Calcasieu Parish | $201,097 | 0.45% | $1,251 |
| Saint John the Baptist Parish | $202,315 | 0.45% | $1,252 |
| De Soto Parish | $196,795 | 0.35% | $1,234 |
| Beauregard Parish | $204,128 | 0.36% | $1,236 |
| Saint James Parish | $207,084 | 0.53% | $1,264 |
| Sabine Parish | $191,365 | 0.39% | $1,242 |
| Pointe Coupee Parish | $189,242 | 0.32% | $1,229 |
| Saint Bernard Parish | $211,150 | 0.47% | $1,255 |
| Lafourche Parish | $182,170 | 0.54% | $1,266 |
| Ouachita Parish | $181,215 | 0.54% | $1,267 |
| Terrebonne Parish | $179,856 | 0.45% | $1,251 |
| Assumption Parish | $178,799 | 0.37% | $1,238 |
43 of 64 Louisiana counties tracked by Zillow have a typical home value at or below $200K. See all Louisiana home prices.
Other prices in Louisiana
Frequently asked questions
What is the mortgage on a $200K house in Louisiana?
About $1,268 a month with 20% down at 7.11%: $1,076 principal and interest, $91 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Louisiana?
About $54,300 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Louisiana?
At Louisiana's typical effective rate of 0.55%, about $1,094 a year. Rates vary by county and city — see the county pages.