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Georgia mortgage calculator

Pre-filled for Georgia: the median home value ($345,000) and the state's effective property tax rate of 0.74%. Change anything to match your home.

Home price
Down payment$69,000
%
Interest rateAPR, fixed
%
Loan term
Extra monthly paymenttoward principal
/ mo

Estimated monthly payment

$2,107.26

Loan $276,000 · 20% down

  • Principal & interest$1,744.51
  • Property tax$212.75
  • Home insurance$150.00
See the month-by-month schedule →
Total interest
$352,021
Total cost
$758,611
Payoff time
30 yr
PMI paid
None

Principal vs. interest by year

1: Principal 3,085, Interest 17,84912: Principal 3,292, Interest 17,6433: Principal 3,512, Interest 17,4224: Principal 3,747, Interest 17,18745: Principal 3,998, Interest 16,9366: Principal 4,266, Interest 16,6687: Principal 4,552, Interest 16,3838: Principal 4,856, Interest 16,07889: Principal 5,182, Interest 15,75210: Principal 5,529, Interest 15,40511: Principal 5,899, Interest 15,03512: Principal 6,294, Interest 14,6401213: Principal 6,716, Interest 14,21914: Principal 7,165, Interest 13,76915: Principal 7,645, Interest 13,28916: Principal 8,157, Interest 12,7771617: Principal 8,704, Interest 12,23118: Principal 9,286, Interest 11,64819: Principal 9,908, Interest 11,02620: Principal 10,572, Interest 10,3622021: Principal 11,280, Interest 9,65422: Principal 12,035, Interest 8,89923: Principal 12,841, Interest 8,09324: Principal 13,701, Interest 7,2332425: Principal 14,619, Interest 6,31526: Principal 15,598, Interest 5,33627: Principal 16,643, Interest 4,29128: Principal 17,757, Interest 3,1772829: Principal 18,947, Interest 1,98830: Principal 20,213, Interest 71930
PrincipalInterest

Amortization schedule by year

YearPrincipalInterestBalance
1$3,085$17,849$272,915
2$3,292$17,643$269,623
3$3,512$17,422$266,111
4$3,747$17,187$262,364
5$3,998$16,936$258,366
Monthly payment$2,107.26

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Georgia at a glance

Effective property tax
0.74%
Rank (1 = highest)
28th of 51
Median home value
$343,300
Median tax bill
$2,554/yr

On the same $400,000 home, property tax in Georgia adds about $246.67/month, versus $296.67/month at the national rate.

Georgia mortgage payments by home price

Home pricePrincipal & interestProperty taxTotal / month
$175,000$884.90$107.92$1,142.82
$250,000$1,264.14$154.17$1,568.31
$350,000$1,769.79$215.83$2,135.62
$525,000$2,654.69$323.75$3,128.44
$700,000$3,539.58$431.67$4,121.25

20% down, 6.5% 30-year fixed (example rate), 0.74% property tax, $1,800/yr insurance, no HOA. Also see: how much house you can afford in Georgia.

Mortgage calculators for other states

Assumptions

  • Fixed interest rate for the full term.
  • Property tax, insurance and HOA stay constant (in reality they usually rise over time).
  • PMI applies only when the loan is over 80% of the home price, and stops once the balance reaches 78% of the original price.
  • Extra payments go entirely to principal.
  • Georgia figures: Effective rate = ACS median real estate taxes paid ÷ ACS median value, owner-occupied housing units, by state. Source: US Census Bureau ACS 2024.

Frequently asked questions

What is the property tax rate in Georgia?+

The effective property tax rate in Georgia is about 0.74% of home value a year (median taxes paid $2,554 on a median home worth $343,300). That's the 28th highest of 50 states and DC, and lower than the national 0.89%. Your actual bill depends on your county, city and exemptions.

What's the mortgage payment on a median-priced home in Georgia?+

For a $345,000 home with 20% down at an example 6.5% 30-year rate, the payment is about $2,107.26 a month, including $212.75 of property tax and $150.00 of insurance.

How much income do I need to buy a home in Georgia?+

To afford the median Georgia home ($345,000) under the 28/36 guideline with 10% down and no other debts, you'd need roughly $106,000 a year in gross income at a 6.5% rate.

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Last reviewed October 14, 2026. Calculator version 1.0.0. Sources: US Census Bureau, ACS 2024 1-year, Table B25103 (Median Real Estate Taxes Paid) · US Census Bureau, ACS 2024 1-year, Table B25077 (Median Value, Owner-Occupied). Results are estimates for educational purposes, not financial, tax or lending advice. How we check our numbers.