How Louisiana Mortgage Payment Change at 7%: $200k to $400k Compared
Understanding Affordability at Today's Rates
If you're house hunting right now, you're probably asking the right question: what does a mortgage actually cost me each month? Interest rates matter. A lot. The difference between 5% and 7% on a $300,000 loan is roughly $400 per month. That changes what you can afford.
This post walks through exact monthly payments for loans between $200,000 and $400,000 at 7%. No guessing. No fine print. Just the math.
If you're buying in Louisiana, your total payment will vary by parish. Baton Rouge, Ascension Parish, Livingston Parish, and Lafayette all have different property tax rates and homeowners insurance costs. Two homes at the same price can have very different monthly payments depending on location.
Want to dive deeper into your loan amount?
Below you'll find general numbers for the full range. Each loan amount has its own detailed breakdown that walks you through payment structure and qualification details.
Principal and Interest Only
The numbers below show principal and interest only. These do not include property taxes, homeowners insurance, or HOA fees.
Every $50,000 increase in loan amount adds roughly $330 per month at 7%.
Monthly Payments at 7% (30-Year Term)
| Loan Amount | Monthly Payment (Principal + Interest) |
|---|---|
| $200,000 | $1,331 |
| $250,000 | $1,663 |
| $300,000 | $1,995 |
| $350,000 | $2,328 |
| $400,000 | $2,661 |
Click Into the Full Examples
Ready to See Your Exact Numbers?
No obligation. No credit pull. Just clarity on what you can afford.