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New Orleans Mortgage Calculator

Estimate your true cost of homeownership in New Orleans with localized property taxes, insurance, and utility data.

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Est. Total Monthly Cost
$2,992
P&I Payment$2,129
Taxes & Ins$692
Utilities$171
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Mortgage Details

$404,786
Local Median: $404,786
$80,957 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,992

Monthly Breakdown

Principal & Interest
$2,129
Property Taxes
$277
Homeowners Ins.
$415
Utilities
$171

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$442,787

Local Housing Facts for New Orleans

  • ·Median home value: $404,786 (adjusted for current market conditions)
  • ·Est. property taxes: $3,319/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $4,982/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,054/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in New Orleans?

Based on the local median home value, estimated real estate property taxes in New Orleans are around $3,319 per year.

What is the average home price in New Orleans?

The median home value in New Orleans is currently estimated at $404,786.

How much does homeowners insurance cost in New Orleans?

For a median priced home, homeowners insurance in New Orleans averages around $4,982 annually.

What is the true total cost of owning a home in New Orleans?

True homeownership costs go beyond principal and interest. In New Orleans, a typical homeowner with a median-priced home of $404,786 can expect to pay roughly $3,319/yr in property taxes, $4,982/yr for homeowners insurance, and $2,054/yr in energy utilities. That adds approximately $863 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.