In Louisiana, mortgages are about $86 less than the national average per month. You need to consider many factors, including the real estate tax rate and your financial standing, before purchasing a home in Louisiana.
Louisiana has the fourth-lowest real estate tax rate in the nation at 0.55%. The average annual property tax in the state is $1,187. You can learn more about the state’s property taxes through the Louisiana Department of Revenue.
Our Louisiana mortgage calculator gives you a customized estimate for your monthly mortgage payment. You can tweak many variables, such as down payment and home price, to see how your payment changes.
In this guide, we also provide ways to lower your mortgage payment and help you with the steps to take after using the calculator to get a mortgage loan that suits your budget and needs.