Mortgage on a $250K house in Louisiana
$1,584 a month with 20% down — $1,345 principal and interest plus $114 property tax and $125 insurance.
Louisiana's typical property tax is 0.55% of the home's value a year (U.S. average 0.9%), which adds $114 a month on a $250K home. The typical home in Louisiana is worth $213,867, so $250K is 17% above the typical price.
$250K home in Louisiana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $239 | $1,584 | $67,900 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $239 | $1,846 | $79,100 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $239 | $1,936 | $83,000 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $239 | $2,001 | $85,800 |
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 $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| West Baton Rouge Parish | $250,605 | 0.54% | $1,584 |
| Livingston Parish | $251,771 | 0.46% | $1,567 |
| Bossier Parish | $243,131 | 0.64% | $1,603 |
| Orleans Parish | $242,069 | 0.83% | $1,642 |
| Jefferson Parish | $262,124 | 0.52% | $1,579 |
| Lafayette Parish | $235,880 | 0.57% | $1,589 |
| Saint Charles Parish | $265,063 | 0.59% | $1,594 |
| East Baton Rouge Parish | $231,673 | 0.67% | $1,609 |
| Cameron Parish | $229,317 | 0.46% | $1,567 |
| Plaquemines Parish | $274,996 | 0.5% | $1,575 |
| Lincoln Parish | $224,803 | 0.46% | $1,567 |
| East Feliciana Parish | $222,588 | 0.15% | $1,501 |
56 of 64 Louisiana counties tracked by Zillow have a typical home value at or below $250K. See all Louisiana home prices.
Other prices in Louisiana
Frequently asked questions
What is the mortgage on a $250K house in Louisiana?
About $1,584 a month with 20% down at 7.11%: $1,345 principal and interest, $114 property tax and $125 insurance.
How much do I need to make to buy a $250K house in Louisiana?
About $67,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in Louisiana?
At Louisiana's typical effective rate of 0.55%, about $1,368 a year. Rates vary by county and city — see the county pages.