Home / Baton Rouge, LA
Mortgage Calculator — Baton Rouge, LA
Median home price in Baton Rouge: $230,000. Monthly payment: $1,224/month (20% down, 7%, 30yr). Property tax rate: 0.55%.
= $46,000
Monthly Payment
$1,224
Loan Amount
$184,000
Total Interest
$256,696
Total Cost
$486,696
Payment Breakdown
Down Payment$46,000 (9.5%)
Principal$184,000 (37.8%)
Total Interest$256,696 (52.7%)
Baton Rouge Mortgage Payments by Rate
| Rate | 15-Year | 30-Year | Total Interest (30yr) |
|---|---|---|---|
| 5.5% | $1,503 | $1,045 | $192,103 |
| 6% | $1,553 | $1,103 | $213,142 |
| 6.5% | $1,603 | $1,163 | $234,682 |
| 6.75% | $1,628 | $1,193 | $245,631 |
| 7% | $1,654 | $1,224 | $256,696 |
| 7.25% | $1,680 | $1,255 | $267,874 |
| 7.5% | $1,706 | $1,287 | $279,160 |
| 8% | $1,758 | $1,350 | $302,046 |
Baton Rouge Property Tax & Total Housing Cost
Property Tax Rate
0.55%
$1,265/year
Monthly P&I
$1,224
20% down, 7%, 30yr
Est. Total Monthly
$1,330
P&I + property tax
Affordability in Baton Rouge
10% down ($23,000)$63,540/yr needed
15% down ($34,500)$60,261/yr needed
20% down ($46,000)$56,982/yr needed
25% down ($57,500)$53,703/yr needed
Based on 28% housing cost rule. Includes property tax.