What's my monthly payment?
This tool can help you calculate your monthly payment. Property taxes typically run 1% of the purchase price, but depending on where you live in East Baton Rouge Parish they could be a little bit more or less as different areas have different millages. Also, if the property is your primary residence the first $75,000 of value is exempt from property taxes and this tool will not take that into account.
Lenders typically require private mortgage insurance if your downpayment is less than 20%. The amount varies with the amount of your downpayment. But, there are some loans, like VA loans, where private mortgage insurance is not required. Your best resource is a loan officer who can fill you in on all the details. I work with several great lenders in the area who can help you. So, contact me if you want to fine tune these estimates.