Mortgage on a $300K house in Louisiana
$1,901 a month with 20% down — $1,614 principal and interest plus $137 property tax and $150 insurance.
Louisiana's typical property tax is 0.55% of the home's value a year (U.S. average 0.9%), which adds $137 a month on a $300K home. The typical home in Louisiana is worth $213,867, so $300K is 40% above the typical price.
$300K home in Louisiana: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $287 | $1,901 | $81,500 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $287 | $2,216 | $95,000 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $287 | $2,323 | $99,500 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $287 | $2,401 | $102,900 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Ascension Parish | $310,419 | 0.54% | $1,900 |
| Saint Tammany Parish | $283,848 | 0.71% | $1,943 |
| Plaquemines Parish | $274,996 | 0.5% | $1,891 |
| Saint Charles Parish | $265,063 | 0.59% | $1,913 |
| Jefferson Parish | $262,124 | 0.52% | $1,895 |
62 of 64 Louisiana counties tracked by Zillow have a typical home value at or below $300K. See all Louisiana home prices.
Other prices in Louisiana
Frequently asked questions
What is the mortgage on a $300K house in Louisiana?
About $1,901 a month with 20% down at 7.11%: $1,614 principal and interest, $137 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Louisiana?
About $81,500 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Louisiana?
At Louisiana's typical effective rate of 0.55%, about $1,641 a year. Rates vary by county and city — see the county pages.