MORTGAGE INTELLIGENCE
Know Your
Numbers.
Real payment estimates, Louisiana loan programs, and a full amortization schedule — all in one place. No email required.
ESTIMATED MONTHLY PAYMENT
$1,877.63
per month
TOTAL COST BREAKDOWN
$240,000
$327,586
Total Paid
$567,586
LOAN AMOUNT
$240,000
LOAN TERM
30 Years
RATE
6.875%
AMORTIZATION SCHEDULE
Year-by-Year Breakdown
| YEAR | PRINCIPAL | INTEREST | BALANCE | EQUITY % |
|---|---|---|---|---|
| 1 | $2,497 | $16,422 | $237,503 | 1% |
| 2 | $2,674 | $16,245 | $234,828 | 2% |
| 3 | $2,864 | $16,055 | $231,964 | 3% |
| 4 | $3,067 | $15,852 | $228,897 | 5% |
| 5 | $3,285 | $15,634 | $225,611 | 6% |
LOUISIANA LOAN PROGRAMS
Find Your
Best Path In.
Louisiana buyers have access to programs unavailable in most states. USDA zero-down covers more of Baton Rouge than most buyers realize.
USDA Rural Development
No down payment required for eligible Baton Rouge parish areas. Best for buyers outside the urban core — Zachary, Prairieville, Gonzales, and Walker neighborhoods often qualify.
DOWN
0%
MIN FICO
620+
INCOME
Moderate income limits apply
FHA Loan
3.5% down with credit scores as low as 580. Louisiana Housing Corporation offers DPA grants that can cover the down payment entirely. Ideal for first-time buyers.
DOWN
3.5%
MIN FICO
580+
INCOME
No income limit
VA Loan
No down payment, no PMI, and competitive rates for eligible veterans and active-duty service members. Louisiana has a large veteran population — this is an underused tool.
DOWN
0%
MIN FICO
620+
INCOME
Military eligibility required
Conventional Loan
From 3% down with strong credit. PMI drops automatically at 20% equity. Best for buyers with 700+ credit scores who want flexibility and lowest long-term cost.
DOWN
3–20%
MIN FICO
700+
INCOME
No income limit
LHC Market Rate GNMA
Louisiana Housing Corporation first-time buyer program. Below-market rates combined with DPA assistance up to 4% of the loan. Parish-specific programs also available.
DOWN
3.5%
MIN FICO
640+
INCOME
LHC limits apply
Free 15-min consultation. No commitment required.