Georgia Mortgage Calculator
Georgia has the 25th-highest effective property tax rate of the 50 states at 0.79% — $397 less a year than the 0.91% state average on a $331,000 home. Homeowners insurance averages $2,323 a year, the 24th-lowest premium nationally and $397 less than the typical state.
All 159 Georgia counties use the $832,750 baseline conforming limit for 2026, so any one-unit loan above it is a jumbo loan. FHA limits run from $541,287 to $832,750 by county.
On a $331,000 home, property tax and insurance add $411 a month in Georgia, compared with $383 in South Carolina, $390 in Tennessee, $405 in Alabama, $442 in North Carolina, $810 in Florida.
Loan Parameters
Total Monthly Payment
$2,578
Principal & Interest + Taxes + Insurance
APR 7.488%
Total Interest
$417,761
Total Cost
$881,671
Advanced Parameters
Private Mortgage Insurance (PMI)
Your down payment is below 20%. PMI is estimated at 0.72% annually and is removed here when your LTV reaches 80%.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Feb 2035
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $23,855 | $3,009 | $20,847 | $2,145 | $294,891 | $36,109 |
| Year 2 | $23,855 | $3,227 | $20,628 | $2,145 | $291,664 | $39,336 |
| Year 3 | $23,855 | $3,461 | $20,394 | $2,145 | $288,203 | $42,797 |
| Year 4 | $23,855 | $3,713 | $20,143 | $2,145 | $284,490 | $46,510 |
| Year 5 | $23,855 | $3,982 | $19,873 | $2,145 | $280,508 | $50,492 |
| Year 6 | $23,855 | $4,271 | $19,584 | $2,145 | $276,236 | $54,764 |
| Year 7 | $23,855 | $4,582 | $19,274 | $2,145 | $271,655 | $59,345 |
| Year 8 | $23,855 | $4,914 | $18,941 | $2,145 | $266,741 | $64,259 |
| Year 9 | $23,855 | $5,271 | $18,584 | $715 | $261,469 | $69,531 |
| Year 10 | $23,855 | $5,654 | $18,201 | — | $255,816 | $75,184 |
| Year 11 | $23,855 | $6,064 | $17,791 | — | $249,751 | $81,249 |
| Year 12 | $23,855 | $6,505 | $17,351 | — | $243,247 | $87,753 |
| Year 13 | $23,855 | $6,977 | $16,878 | — | $236,270 | $94,730 |
| Year 14 | $23,855 | $7,484 | $16,372 | — | $228,786 | $102,214 |
| Year 15 | $23,855 | $8,027 | $15,828 | — | $220,759 | $110,241 |
| Year 16 | $23,855 | $8,610 | $15,245 | — | $212,149 | $118,851 |
| Year 17 | $23,855 | $9,235 | $14,620 | — | $202,914 | $128,086 |
| Year 18 | $23,855 | $9,906 | $13,950 | — | $193,009 | $137,991 |
| Year 19 | $23,855 | $10,625 | $13,230 | — | $182,384 | $148,616 |
| Year 20 | $23,855 | $11,396 | $12,459 | — | $170,988 | $160,012 |
| Year 21 | $23,855 | $12,224 | $11,632 | — | $158,764 | $172,236 |
| Year 22 | $23,855 | $13,111 | $10,744 | — | $145,653 | $185,347 |
| Year 23 | $23,855 | $14,063 | $9,792 | — | $131,589 | $199,411 |
| Year 24 | $23,855 | $15,084 | $8,771 | — | $116,505 | $214,495 |
| Year 25 | $23,855 | $16,180 | $7,676 | — | $100,325 | $230,675 |
| Year 26 | $23,855 | $17,355 | $6,501 | — | $82,971 | $248,029 |
| Year 27 | $23,855 | $18,615 | $5,241 | — | $64,356 | $266,644 |
| Year 28 | $23,855 | $19,966 | $3,889 | — | $44,390 | $286,610 |
| Year 29 | $23,855 | $21,416 | $2,439 | — | $22,974 | $308,026 |
| Year 30 | $23,858 | $22,974 | $884 | — | $0 | $331,000 |
Georgia mortgage data
- Typical home value
- $330,817
- Zillow ZHVI, August 31, 2026 (U.S. $368,697)
- Effective property tax rate
- 0.79%
- $2,615/yr on a $331,000 home
- Average homeowners insurance
- $2,323/yr
- $194/mo
- 2026 conforming loan limit
- $832,750
- 159 counties
- High-cost counties
- 0
- None — baseline limit statewide
- 2026 FHA loan limit (1-unit)
- $541,287 – $832,750
- Varies by county — confirm on HUD
- Current 30-yr / 15-yr fixed average
- 7.03% / 6.42%
- Freddie Mac PMMS, September 24, 2026
How much house can you afford in Georgia?
Highest price where principal, interest, Georgia property tax, insurance and PMI stay within 28% of gross income —10% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $135,000 | $13,500 | 41% |
| $75,000 | $1,750 | $216,000 | $21,600 | 65% |
| $100,000 | $2,333 | $297,000 | $29,700 | 90% |
| $125,000 | $2,917 | $377,000 | $37,700 | 114% |
| $150,000 | $3,500 | $458,000 | $45,800 | 138% |
| $200,000 | $4,667 | $620,000 | $62,000 | 187% |
| $250,000 | $5,833 | $782,000 | $78,200 | 236% |
Georgia mortgage payment by loan amount
30-year fixed at 7.03%, 20% down, with Georgia property tax and insurance on the matching home price.
| Loan amount | P&I | Total / month | Income needed | Loan type |
|---|---|---|---|---|
| $150,000 mortgage | $1,001 | $1,318 | $57,000 | Conforming |
| $175,000 mortgage | $1,168 | $1,505 | $65,000 | Conforming |
| $200,000 mortgage | $1,335 | $1,693 | $73,000 | Conforming |
| $225,000 mortgage | $1,501 | $1,880 | $81,000 | Conforming |
| $250,000 mortgage | $1,668 | $2,068 | $89,000 | Conforming |
| $275,000 mortgage | $1,835 | $2,255 | $97,000 | Conforming |
| $300,000 mortgage | $2,002 | $2,442 | $105,000 | Conforming |
| $325,000 mortgage | $2,169 | $2,630 | $113,000 | Conforming |
| $350,000 mortgage | $2,336 | $2,817 | $121,000 | Conforming |
| $375,000 mortgage | $2,502 | $3,005 | $129,000 | Conforming |
| $400,000 mortgage | $2,669 | $3,192 | $137,000 | Conforming |
| $425,000 mortgage | $2,836 | $3,379 | $145,000 | Conforming |
| $450,000 mortgage | $3,003 | $3,567 | $153,000 | Conforming |
| $475,000 mortgage | $3,170 | $3,754 | $161,000 | Conforming |
| $500,000 mortgage | $3,337 | $3,942 | $169,000 | Conforming |
| $525,000 mortgage | $3,503 | $4,129 | $177,000 | Conforming |
| $550,000 mortgage | $3,670 | $4,316 | $185,000 | Conforming |
| $575,000 mortgage | $3,837 | $4,504 | $194,000 | Conforming |
| $600,000 mortgage | $4,004 | $4,691 | $202,000 | Conforming |
| $625,000 mortgage | $4,171 | $4,879 | $210,000 | Conforming |
| $650,000 mortgage | $4,338 | $5,066 | $218,000 | Conforming |
| $675,000 mortgage | $4,504 | $5,253 | $226,000 | Conforming |
| $700,000 mortgage | $4,671 | $5,441 | $234,000 | Conforming |
| $725,000 mortgage | $4,838 | $5,628 | $242,000 | Conforming |
| $750,000 mortgage | $5,005 | $5,816 | $250,000 | Conforming |
| $775,000 mortgage | $5,172 | $6,003 | $258,000 | Conforming |
| $800,000 mortgage | $5,339 | $6,190 | $266,000 | Conforming |
| $825,000 mortgage | $5,505 | $6,378 | $274,000 | Conforming |
| $850,000 mortgage | $5,672 | $6,565 | $282,000 | Jumbo |
| $875,000 mortgage | $5,839 | $6,753 | $290,000 | Jumbo |
| $900,000 mortgage | $6,006 | $6,940 | $298,000 | Jumbo |
| $925,000 mortgage | $6,173 | $7,127 | $306,000 | Jumbo |
| $950,000 mortgage | $6,340 | $7,315 | $314,000 | Jumbo |
| $975,000 mortgage | $6,506 | $7,502 | $322,000 | Jumbo |
| $1,000,000 mortgage | $6,673 | $7,690 | $330,000 | Jumbo |
| $1,100,000 mortgage | $7,341 | $8,439 | $362,000 | Jumbo |
| $1,200,000 mortgage | $8,008 | $9,189 | $394,000 | Jumbo |
| $1,300,000 mortgage | $8,675 | $9,939 | $426,000 | Jumbo |
| $1,400,000 mortgage | $9,342 | $10,688 | $459,000 | Jumbo |
| $1,500,000 mortgage | $10,010 | $11,438 | $491,000 | Jumbo |
Loan programs compared in Georgia
$331,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $33,100 | $297,900 | — | $179 PMI | $2,578 | 7.488% |
| FHA | 3.5% · $11,585 | $325,005 | UFMIP $5,590 | $148 MIP | $2,729 | 7.761% |
| VA | 0% · $0 | $338,117 | Funding fee $7,117 | $0 | $2,668 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $66,200 | $264,800 | — | $0 | $2,179 | 7.030% |
Frequently asked questions
What is the monthly mortgage payment on a $331,000 home in Georgia?
$331,000 is the typical Georgia home value. With 10% down on a conventional loan, the estimated payment is $2,578 per month ($1,988 principal & interest, $218 property tax, $194 insurance, $179 PMI) at 7.03% for 30 years, including Georgia's 0.79% effective property tax rate.
What is the 2026 conforming loan limit in Georgia?
$832,750 for a one-unit home in all 159 counties. Larger loans are jumbo loans.
How much income do I need for a $331,000 home in Georgia?
About $111,000 a year if housing costs stay within 28% of gross income — a common lender guideline. Lenders also look at total debt-to-income, usually capped around 43%–50%.
How much house can I afford in Georgia on a $100,000 salary?
About $297,000 with 10% down, keeping the payment (including Georgia property tax, insurance and PMI) within 28% of gross income at 7.03%. The typical Georgia home ($330,817) needs roughly $111,000 a year.
Explore related calculators
Georgia calculators by loan type
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- HUD FHA Mortgage Limits lookup — FHA floor $541,287; high-cost counties follow the conforming limit — confirm on HUD
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.