Mortgage Calculator | Bruno | Swift Real Estate

The property

Purchase price

Down payment

The loan

Interest rate

Loan term

Taxes & insurance

Property tax

Parish

Choosing a taxing area fills in its millage rate below. You can still type over it.

Millage rate

mills

Buyer will live here as a primary residence, so the homestead exemption applies. This shields the first $75,000 of market value from tax.

Homeowners insurance, per year

Louisiana premiums run well above the national average. Wind and hail deductibles drive most of the spread.

Flood insurance, per year

Set this to 0 only if the property is outside a mapped flood zone and the buyer is skipping coverage. Ask the seller for their current declaration page, since a transferable policy can be worth real money.

HOA or condo dues, per month

Mortgage insurance rate

% per year

Only applied when the down payment is under 20%. It drops off automatically in this estimate once the loan reaches 80% of the purchase price.

Estimated monthly payment

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Principal & interest —
Property tax —
Homeowners insurance —
Flood insurance —
Mortgage insurance —
HOA dues —

Loan amount

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Cash down

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Total interest paid

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Escrow & dues per year

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Talk to us about this number

Income & obligations

Household income, per year, before tax

Other monthly debt payments

Car notes, student loans, minimum credit card payments, child support. Leave out utilities, groceries, and anything a lender will not see on a credit report.

Cash available for the down payment

Down payment only. Closing costs typically add another 2% to 4% on top, so keep that money separate.

Debt-to-income ceiling

The share of gross monthly income a lender will let go to all debt combined, housing included. 43% is the common conventional limit.

Loan assumptions

Interest rate

Loan term

Property tax, insurance, flood, HOA, and mortgage insurance are carried over from the Monthly payment tab, so adjust them there and this figure follows.

Estimated purchase power

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Principal & interest —
Property tax —
Homeowners insurance —
Flood insurance —
Mortgage insurance —
HOA dues —

Monthly housing budget

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Loan amount

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Down payment

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Closing costs, estimated

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Estimates only, for planning purposes. Bruno | Swift Real Estate is not a lender, a mortgage broker, an insurance agent, or a tax advisor, and this tool is not a loan offer, a rate quote, or a commitment to lend. Actual payments depend on your credit, the loan program, the appraisal, the property's flood zone and elevation certificate, current millage rates, and insurance underwriting, all of which change. Property tax figures assume Louisiana's residential assessment at 10% of fair market value and, where selected, the $7,500 homestead exemption on assessed value. Millage rates for Orleans, Jefferson and St. Tammany are drawn from the Bureau of Governmental Research's property tax dashboards, which source rate data from those parishes' assessors; Orleans figures reflect the 2026 tax year, Jefferson and St. Tammany the 2025 tax year. Jefferson and St. Tammany figures are medians across 19 and 34 taxing districts respectively and will not match any particular address. Rates for all other parishes are unverified secondary estimates, marked with an asterisk, and should not be relied on. Millage varies by ward, municipality and special taxing district; flat fees such as neighborhood security district and garbage assessments are not included; and certain municipal millages are not eligible for the homestead exemption. Verify every figure with a licensed lender, an insurance agent, and the assessor for the parish in question before making a decision.