FHA Loan Calculator — Georgia
On the typical Georgia home ($331,000), 3.5% down leaves a $319,415 base loan. The 1.75% upfront premium ($5,590) is financed, for a $325,005 loan, and annual MIP of 0.55% adds $148 a month for the life of the loan. Georgia FHA limits run $541,287–$832,750 by county.
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.
Loan Parameters
Total Monthly Payment
$2,729
Principal & Interest + Taxes + Insurance
APR 7.761%
Total Interest
$455,766
Total Cost
$964,565
Advanced Parameters
FHA Mortgage Insurance Premium (MIP)
Annual MIP of 0.55% is billed monthly on the average balance of each loan year. With less than 10% down it lasts for the life of the loan; with 10% or more down it ends after 11 years. A 1.75% upfront premium is also added to the loan.
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
Full term
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | MIP | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $26,026 | $3,282 | $22,743 | $1,779 | $321,722 | $9,278 |
| Year 2 | $26,026 | $3,521 | $22,505 | $1,761 | $318,202 | $12,798 |
| Year 3 | $26,026 | $3,776 | $22,249 | $1,741 | $314,425 | $16,575 |
| Year 4 | $26,026 | $4,051 | $21,975 | $1,719 | $310,375 | $20,625 |
| Year 5 | $26,026 | $4,345 | $21,681 | $1,696 | $306,030 | $24,970 |
| Year 6 | $26,026 | $4,660 | $21,366 | $1,672 | $301,370 | $29,630 |
| Year 7 | $26,026 | $4,999 | $21,027 | $1,645 | $296,371 | $34,629 |
| Year 8 | $26,026 | $5,362 | $20,664 | $1,617 | $291,009 | $39,991 |
| Year 9 | $26,026 | $5,751 | $20,275 | $1,586 | $285,259 | $45,741 |
| Year 10 | $26,026 | $6,168 | $19,857 | $1,554 | $279,090 | $51,910 |
| Year 11 | $26,026 | $6,616 | $19,410 | $1,518 | $272,474 | $58,526 |
| Year 12 | $26,026 | $7,097 | $18,929 | $1,481 | $265,377 | $65,623 |
| Year 13 | $26,026 | $7,612 | $18,414 | $1,441 | $257,765 | $73,235 |
| Year 14 | $26,026 | $8,165 | $17,861 | $1,397 | $249,601 | $81,399 |
| Year 15 | $26,026 | $8,758 | $17,268 | $1,351 | $240,843 | $90,157 |
| Year 16 | $26,026 | $9,393 | $16,632 | $1,301 | $231,450 | $99,550 |
| Year 17 | $26,026 | $10,075 | $15,950 | $1,248 | $221,374 | $109,626 |
| Year 18 | $26,026 | $10,807 | $15,219 | $1,191 | $210,567 | $120,433 |
| Year 19 | $26,026 | $11,592 | $14,434 | $1,129 | $198,975 | $132,025 |
| Year 20 | $26,026 | $12,433 | $13,592 | $1,063 | $186,542 | $144,458 |
| Year 21 | $26,026 | $13,336 | $12,690 | $993 | $173,206 | $157,794 |
| Year 22 | $26,026 | $14,305 | $11,721 | $917 | $158,901 | $172,099 |
| Year 23 | $26,026 | $15,343 | $10,683 | $836 | $143,558 | $187,442 |
| Year 24 | $26,026 | $16,457 | $9,569 | $749 | $127,101 | $203,899 |
| Year 25 | $26,026 | $17,652 | $8,374 | $655 | $109,449 | $221,551 |
| Year 26 | $26,026 | $18,934 | $7,092 | $555 | $90,515 | $240,485 |
| Year 27 | $26,026 | $20,309 | $5,717 | $447 | $70,206 | $260,794 |
| Year 28 | $26,026 | $21,783 | $4,242 | $332 | $48,423 | $282,577 |
| Year 29 | $26,026 | $23,365 | $2,661 | $208 | $25,057 | $305,943 |
| Year 30 | $26,022 | $25,057 | $964 | $75 | $0 | $331,000 |
FHA Loan numbers for Georgia
- Typical Georgia home value
- $331,000
- 3.5% down ($11,585) · Zillow, August 31, 2026
- Loan amount
- $325,005
- Includes $5,590 financed UFMIP
- Estimated monthly payment
- $2,729
- APR 7.761%
- Georgia property tax
- 0.79%
- $218/mo
- Homeowners insurance
- $2,323/yr
- $194/mo
- Upfront MIP (1.75%)
- $5,590
- Financed into the loan
- Annual MIP
- 0.55%
- $148/mo in year 1 · life of loan
- Georgia FHA loan limit
- $541,287 – $832,750
- One-unit, by county
How much house can you afford in Georgia with an fha loan?
Highest price where principal, interest, Georgia property tax, insurance and FHA mortgage insurance (1.75% upfront premium financed, 0.55% annual MIP) stay within 28% of gross income —3.5% 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 |
|---|---|---|---|---|
| $40,000 | $933 | $96,000 | $3,360 | 29% |
| $50,000 | $1,167 | $127,000 | $4,445 | 38% |
| $60,000 | $1,400 | $157,000 | $5,495 | 47% |
| $75,000 | $1,750 | $203,000 | $7,105 | 61% |
| $100,000 | $2,333 | $279,000 | $9,765 | 84% |
| $125,000 | $2,917 | $355,000 | $12,425 | 107% |
| $150,000 | $3,500 | $431,000 | $15,085 | 130% |
FHA vs other loan types 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 payment on a $331,000 home with an fha loan in Georgia?
Estimated $2,729 per month ($2,169 principal & interest, $218 property tax, $194 insurance, $148 FHA mortgage insurance) at 7.03% for 30 years, with 3.5% down. APR 7.761%.
What is the FHA loan limit in Georgia for 2026?
Between $541,287 and $832,750 depending on the county for a one-unit home. $541,287 is the national FHA floor; counties with higher home prices get higher limits. Check your exact county on HUD's FHA mortgage limits lookup.
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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
- HUD Mortgagee Letter 2023-05 (annual MIP schedule)
- HUD — FHA single family housing policy handbook 4000.1
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.