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Mortgage Calculator Georgia — 2026 Payment Estimates
Pre-filled with Georgia's estimated median home price of $325,000 and 0.83% effective property tax rate. Adjust any input for your specific situation. All calculations run in your browser.
Reviewed for accuracy June 2026 by Gary Sing
Median home price
$325,000
Monthly P&I (30yr)
$1,643.38
Property tax/month
$224.79
Est. total PITI/month
$1,990.04
Optional — unlocks affordability analysis
Enter gross income to check affordability
At the 28% front-end guideline, this payment requires ~$70,430/year in gross income. The monthly shown is principal and interest only — add ~$25 for taxes, insurance.
- ›A 15-year term saves $183,937 in total interest but raises the payment by $622/month
- ›Total interest ($331,616) exceeds the loan itself ($260,000) — every extra principal payment saves its full remaining interest
⚡ Total interest ($331,616) exceeds the loan principal — consider extra principal payments or a shorter term
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Georgia mortgage payment scenarios — $325,000 home at 6.5%
Monthly P&I and estimated total PITI (principal, interest, tax, insurance) at three down payment levels. Property tax uses Georgia's 0.83% effective rate; insurance estimated at 0.45% of home value annually.
| Down payment | Down amount | P&I (30yr) | P&I (15yr) | Total PITI (30yr) |
|---|---|---|---|---|
| 10% down | $32,500 | $1,848.80 | $2,547.99 | $2,195.47 |
| 15% down | $48,750 | $1,746.09 | $2,406.43 | $2,092.75 |
| 20% down | $65,000 | $1,643.38 | $2,264.88 | $1,990.04 |
P&I only (30yr and 15yr). PITI adds property tax (0.83%) and estimated homeowners insurance (0.45% annually). Does not include PMI — required when down payment is below 20%.
Property tax and insurance in Georgia
Georgia's 0.83% effective property tax rate is near the national average. Rates vary significantly by county — Fulton County (Atlanta) runs higher than rural counties.
Georgia property tax
Effective rate: 0.83%. On a $325,000 home, annual property taxes are approximately $2,698 — or $224.79/month. Many lenders collect this monthly into an escrow account.
Homeowners insurance
Estimated at 0.45% of home value annually — roughly $121.88/month on a $325,000 home. Rates vary by coverage, age of home, and local risk factors. Get quotes from multiple insurers before closing.
PMI (if under 20% down)
Private Mortgage Insurance is required on conventional loans with less than 20% down, typically costing 0.5–1.5% of the loan amount per year. On a $260,000 loan, PMI adds roughly $195.00–$325.00/month.
Income needed
The 28% front-end DTI guideline requires approximately $85,288/year in gross income to qualify for the median Georgia home with 20% down. This is principal, interest, tax, and insurance — not counting other debt.
Georgia housing market 2026
Metro Atlanta has experienced sustained appreciation driven by corporate relocations, film industry growth, and net in-migration. Second-tier markets (Savannah, Augusta, Columbus) offer relative affordability. Georgia's overall tax environment is competitive, drawing continued business and household relocation.
Key numbers for Georgia buyers
- Median home price: $325,000 (2026 estimate)
- Down payment (20%): $65,000
- Loan amount (80% LTV): $260,000
- Monthly P&I at 6.5% / 30yr: $1,643.38
- Est. PITI (with tax + insurance): $1,990.04/month
- Income needed (28% DTI): $85,288/year
Compare mortgage payments by state
📍 California
Median $750,000 · ~$3,793/mo P&I · 0.73% tax
📍 Texas
Median $315,000 · ~$1,593/mo P&I · 1.6% tax
📍 Florida
Median $405,000 · ~$2,048/mo P&I · 0.89% tax
📍 New York
Median $415,000 · ~$2,099/mo P&I · 1.4% tax
📍 Arizona
Median $365,000 · ~$1,846/mo P&I · 0.6% tax
📍 North Carolina
Median $325,000 · ~$1,643/mo P&I · 0.77% tax
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Mortgage calculator Georgia — frequently asked questions
What is the average mortgage payment in Georgia?
Based on Georgia's median home price of $325,000, a 30-year mortgage at 6.5% with 20% down produces a monthly principal and interest payment of $1,643.38. Adding property tax (~$224.79/month at 0.83%) and homeowners insurance (~$121.88/month) gives an estimated total PITI of approximately $1,990.04/month.
What is the median home price in Georgia in 2026?
The estimated median home price in Georgia in 2026 is approximately $325,000. Prices vary significantly by metro area — use this as a benchmark and enter the specific price you are evaluating in the calculator above.
How much income do I need to afford a house in Georgia?
Using the 28% front-end DTI guideline, an estimated total monthly payment (PITI) of $1,990.04 on the median Georgia home requires approximately $85,288/year in gross income. This assumes 20% down, 6.5% rate, 30-year term, and 0.83% property tax.
What are property taxes in Georgia?
Georgia's effective property tax rate is approximately 0.83%. On a $325,000 home, that is roughly $224.79/month or $2,698/year. Georgia's 0.83% effective property tax rate is near the national average. Rates vary significantly by county — Fulton County (Atlanta) runs higher than rural counties.
Is a 15-year or 30-year mortgage better in Georgia?
At 6.5% on a $325,000 home with 20% down: the 30-year P&I is $1,643.38/month; the 15-year P&I is $2,264.88/month — $621.50/month more. The 15-year saves $183,937 in total interest. If the higher payment is affordable, the 15-year is almost always the better long-term financial choice.