Rates as of November 6, 2026
· Avg Louisiana property tax: 0.75%
· Avg annual home insurance: $5,501
Today’s 30-year fixed refinance rate in Louisiana is 7.000% (7.337% APR), and a 15-year is 6.375% (6.946% APR). On a typical $184,000 Louisiana loan, that’s about $1,224 a month in principal and interest over 30 years or $1,590 over 15.
These figures use a typical Louisiana home price of $262,500 (the average of the median prices in its largest cities) and a loan at 70% of that value. Your numbers depend on your balance, your home’s value and your credit.
How much could you save by refinancing in Louisiana?
Monthly savings on a $184,000 balance if you refinance into today’s 30-year fixed rate of 7.000% (7.337% APR), by the rate you have now. If your current rate is at or below about 7.000%, a rate-and-term refinance at today’s rate won’t lower your payment; a cash-out refinance may fit better if you need cash.
| Your current rate |
Payment now |
New payment |
Monthly savings |
Break-even |
| 7.500% |
$1,287 |
$1,224 |
$62 |
98 months |
| 8.000% |
$1,350 |
$1,224 |
$126 |
49 months |
| 8.500% |
$1,415 |
$1,224 |
$191 |
32 months |
Principal and interest only, comparing 30-year payments on the same $184,000 balance. New payment at 7.000% (7.337% APR) with 2.125 discount points. Break-even divides the points and lender fees built into that APR (about $6,093 on this loan) by the monthly savings; title, appraisal and other third-party closing costs add to that (try our refinance break-even calculator with your own numbers). Restarting a 30-year term can mean more total interest even when the payment drops.
Refinance payments in Louisiana's largest cities
Estimated monthly cost after refinancing a loan at 70% of each city’s median home price into today’s 30-year fixed rate of 7.000% (7.337% APR), with local property taxes and homeowners insurance.
| City |
Median price |
Loan (70%) |
Principal & interest |
Taxes & insurance |
Total monthly |
| New Orleans |
$300,000 |
$210,000 |
$1,397 |
$1,006 |
$2,403 |
| Baton Rouge |
$284,000 |
$199,000 |
$1,324 |
$569 |
$1,893 |
| Shreveport |
$199,949 |
$140,000 |
$931 |
$457 |
$1,389 |
| Lafayette |
$252,990 |
$177,000 |
$1,178 |
$581 |
$1,759 |
| Lake Charles |
$262,990 |
$184,000 |
$1,224 |
$622 |
$1,846 |
| Bossier City |
$275,000 |
$193,000 |
$1,284 |
$503 |
$1,787 |
Principal and interest at 7.000% (7.337% APR) (30-year conforming refinance). Median prices from Movoto market trends, September 2026.
15-year vs. 30-year refinance in Louisiana
On a typical $184,000 Louisiana loan, a 15-year refinance costs about $366 more a month than a 30-year, but saves about $154,457 in interest over the life of the loan.
| Loan term |
Rate (APR) |
Principal & interest |
Total interest |
| 30-year fixed | 7.000% (7.337% APR) | $1,224 | $256,696 |
|---|
| 15-year fixed | 6.375% (6.946% APR) | $1,590 | $102,240 |
|---|
Conforming refinance rates for Louisiana as of November 6, 2026. Total interest assumes you keep the loan for the full term and make every scheduled payment. Taxes and insurance are the same for either term.
Refinance options in Louisiana by loan type
The examples above assume you’re refinancing into a conventional loan. If you have an FHA or VA loan, owe more than the conforming limit, or want to take cash out, one of these options may fit better.
If you have an FHA loan
Refinance an existing FHA loan with limited credit documentation and often no appraisal. FHA mortgage insurance still applies.
If you have a VA loan
The VA’s Interest Rate Reduction Refinance Loan lowers your rate with less paperwork than a standard refinance, with no monthly mortgage insurance.
If you owe more than $832,750
A balance above the county’s 2026 conforming loan limit refinances into a jumbo loan.
If you need cash
A cash-out refinance replaces your loan with a larger one and pays you the difference.
Louisiana refinance FAQs
What are refinance rates in Louisiana today?
As of November 6, 2026, Lower’s 30-year fixed refinance rate in Louisiana is 7.000% (7.337% APR) and the 15-year is 6.375% (6.946% APR). FHA refinances start at 6.500% (7.397% APR) and VA refinances at 6.500% (6.841% APR). Your rate depends on your credit, equity, loan amount and points.
When does refinancing make sense in Louisiana?
When the monthly savings pay back your closing costs before you sell or refinance again. On a typical $184,000 Louisiana loan, going from 8.000% to today’s 7.000% (7.337% APR) saves about $126 a month, and the points and lender fees in today’s quote (about $6,093) take about 49 months to recover. Compare the new term too: restarting at 30 years can add interest even when the payment drops.
Do New Orleans, Baton Rouge or Shreveport have higher conforming loan limits?
No. Every Louisiana county uses the same $832,750 limit for a one-unit home in 2026. A refinance above the limit is a jumbo loan, priced today at 6.875% (7.131% APR) for 30 years.
Can I refinance a VA loan in Louisiana?
Yes. If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your rate with less paperwork than a standard refinance. Lower’s 30-year VA refinance rate in Louisiana is 6.500% (6.841% APR) today. VA and lender requirements apply.
Related Louisiana mortgage pages
Movoto market trends data, September 2026, for each city. Cities are the state's largest by Census Bureau population estimates (Vintage 2024) among cities with Movoto data; where a city has too few sales, the next-busiest markets by homes sold fill in. Conforming loan limits: FHFA, 2026. Property tax estimates use county effective rates from the American Community Survey; homeowners insurance estimates are average annual premiums from The Zebra; your quote will vary. Rates as of November 6, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.
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