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Georgia Mortgage Calculator

Your monthly mortgage payment in Georgia, with Georgia's effective property tax rate (0.77%) built in, at this week's average rate. The calculator starts at the state's median home value, $303,300.

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Home priceDown paymentInterest rateStarts at this week's national averageLoan termProperty taxA year, as a share of the price; about 1% is typical, varying widely by countyHome insurance a yearMortgage insurance (PMI)A year, on the loan, only below 20% downHOA dues a month

Monthly payment$2,003.70The answer

Monthly payment

$2,003.70

A $303,000 home with 20% down ($242,400 borrowed) at 7.18% over 30 years costs about $2,004 a month: $1,642 principal and interest plus $362 of tax, insurance and dues.

Principal and interest: $1,642.10
Tax, insurance, PMI and HOA: $361.60
Total interest over the loan: $348,757

Amortization by year: $242,400 at 7.18%

Year	Interest	Principal	Balance
1	$17,327.07	$2,378.15	$240,021.85
2	$17,150.59	$2,554.64	$237,467.21
3	$16,961.00	$2,744.22	$234,722.99
4	$16,757.35	$2,947.87	$231,775.12
5	$16,538.59	$3,166.63	$228,608.49
6	$16,303.59	$3,401.63	$225,206.86
7	$16,051.16	$3,654.07	$221,552.79
8	$15,779.99	$3,925.24	$217,627.55
9	$15,488.69	$4,216.53	$213,411.02
10	$15,175.78	$4,529.44	$208,881.58
11	$14,839.65	$4,865.58	$204,016.00
12	$14,478.57	$5,226.65	$198,789.35
13	$14,090.70	$5,614.53	$193,174.82
14	$13,674.04	$6,031.18	$187,143.64
15	$13,226.46	$6,478.76	$180,664.88
16	$12,745.67	$6,959.55	$173,705.32
17	$12,229.20	$7,476.03	$166,229.30
18	$11,674.40	$8,030.83	$158,198.47
19	$11,078.43	$8,626.80	$149,571.67
20	$10,438.23	$9,267.00	$140,304.67
21	$9,750.52	$9,954.71	$130,349.97
22	$9,011.77	$10,693.45	$119,656.51
23	$8,218.20	$11,487.02	$108,169.49
24	$7,365.75	$12,339.48	$95,830.01
25	$6,450.03	$13,255.20	$82,574.82
26	$5,466.35	$14,238.87	$68,335.94
27	$4,409.67	$15,295.55	$53,040.39
28	$3,274.58	$16,430.64	$36,609.75
29	$2,055.26	$17,649.97	$18,959.78
30	$745.44	$18,959.78	$0.00

Download the schedule (CSV)

This week's mortgage rates

Monthly payment in Georgia by home price (20% down, 7%, 30 years, 0.77% tax, $2,000 insurance)

Home price	Principal and interest	Property tax	Total
$150,000	$798	$97	$1,062
$230,000	$1,224	$148	$1,539
$300,000	$1,597	$193	$1,956
$450,000	$2,395	$290	$2,851
$610,000	$3,247	$392	$3,806

How this calculator works

As the mortgage calculator, with Georgia's effective property tax rate from the Census Bureau's American Community Survey 2020–2024 5-year estimates: median taxes $2,341 ÷ median value $303,300.

Questions people ask

What is the mortgage payment on a median home in Georgia?

On $303,300 with 20% down at 7% over 30 years: about $1,614 principal and interest and $195 of property tax, $1,976 a month with $2,000 a year of insurance.

What is the median home value in Georgia?

$303,300 for owner-occupied homes (Census American Community Survey 2020–2024 5-year estimates), against $332,700 nationally.

How much is property tax in Georgia?

The effective rate is 0.77%, a median $2,341 a year. See Georgia's property tax page for every county we cover.

How much income do I need for a median Georgia home?

Under the 28% guideline, about $84,689 a year for the payment above; Georgia's median household income is $77,353.

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Sources

Updated Sep 30, 2026 by the RateHerald team. The maths is tested against worked examples; report a problem.