New Orleans, LA mortgage calculator

New Orleans
Mortgage
Calculator

New Orleans anchors a tourism, port, and energy-services economy along the Mississippi River. Orleans Parish's property tax rate is moderate, and Louisiana's generous homestead exemption significantly reduces the taxable value for most owner-occupants.

0.65% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$1,681
P&I · Taxes · Insurance
Total interest
$284,639
Principal & Interest$1,413/mo
Property Tax (0.65%)$152/mo
Homeowners Insurance$117/mo

Recommended for incomes above $75k/yr (28% DTI rule)

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0.65%
New Orleans area property tax rate
$280,000
New Orleans median home price
$1,681
est. monthly payment at defaults

New Orleans housing market

$280,000
Median home price
$50,000
Median household income
369,749
City population

The 0.65% property tax rate reflects the county-level effective rate for New Orleans and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Louisiana average — county-level data produces more accurate monthly payment estimates for New Orleans buyers. Many New Orleans properties also carry HOA fees — the area average is approximately $200/month, which is not included in the calculator above.

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