VA Loan Calculator — Georgia
An eligible VA borrower can buy the typical Georgia home ($331,000) with no down payment. The 2.15% first-use funding fee ($7,117) is rolled into a $338,117 loan, and there is no monthly mortgage insurance — saving about $148 a month versus FHA MIP on the same home.
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
$2,668
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$474,160
Total Cost
$960,413
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $27,076 | $3,415 | $23,661 | — | $334,702 | -$3,702 |
| Year 2 | $27,076 | $3,663 | $23,413 | — | $331,039 | -$39 |
| Year 3 | $27,076 | $3,929 | $23,147 | — | $327,110 | $3,890 |
| Year 4 | $27,076 | $4,214 | $22,862 | — | $322,896 | $8,104 |
| Year 5 | $27,076 | $4,520 | $22,556 | — | $318,377 | $12,623 |
| Year 6 | $27,076 | $4,848 | $22,228 | — | $313,528 | $17,472 |
| Year 7 | $27,076 | $5,200 | $21,876 | — | $308,328 | $22,672 |
| Year 8 | $27,076 | $5,578 | $21,498 | — | $302,751 | $28,249 |
| Year 9 | $27,076 | $5,983 | $21,093 | — | $296,768 | $34,232 |
| Year 10 | $27,076 | $6,417 | $20,659 | — | $290,351 | $40,649 |
| Year 11 | $27,076 | $6,883 | $20,193 | — | $283,468 | $47,532 |
| Year 12 | $27,076 | $7,383 | $19,693 | — | $276,085 | $54,915 |
| Year 13 | $27,076 | $7,919 | $19,157 | — | $268,166 | $62,834 |
| Year 14 | $27,076 | $8,494 | $18,582 | — | $259,672 | $71,328 |
| Year 15 | $27,076 | $9,111 | $17,965 | — | $250,562 | $80,438 |
| Year 16 | $27,076 | $9,772 | $17,304 | — | $240,790 | $90,210 |
| Year 17 | $27,076 | $10,482 | $16,594 | — | $230,308 | $100,692 |
| Year 18 | $27,076 | $11,243 | $15,833 | — | $219,065 | $111,935 |
| Year 19 | $27,076 | $12,059 | $15,017 | — | $207,006 | $123,994 |
| Year 20 | $27,076 | $12,935 | $14,141 | — | $194,072 | $136,928 |
| Year 21 | $27,076 | $13,874 | $13,202 | — | $180,198 | $150,802 |
| Year 22 | $27,076 | $14,881 | $12,194 | — | $165,316 | $165,684 |
| Year 23 | $27,076 | $15,962 | $11,114 | — | $149,355 | $181,645 |
| Year 24 | $27,076 | $17,121 | $9,955 | — | $132,234 | $198,766 |
| Year 25 | $27,076 | $18,364 | $8,712 | — | $113,870 | $217,130 |
| Year 26 | $27,076 | $19,697 | $7,378 | — | $94,173 | $236,827 |
| Year 27 | $27,076 | $21,128 | $5,948 | — | $73,045 | $257,955 |
| Year 28 | $27,076 | $22,662 | $4,414 | — | $50,384 | $280,616 |
| Year 29 | $27,076 | $24,307 | $2,769 | — | $26,077 | $304,923 |
| Year 30 | $27,080 | $26,077 | $1,004 | — | $0 | $331,000 |
VA Loan numbers for Georgia
- Typical Georgia home value
- $331,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $338,117
- Includes $7,117 financed funding fee
- Estimated monthly payment
- $2,668
- APR 7.242%
- Georgia property tax
- 0.79%
- $218/mo
- Homeowners insurance
- $2,323/yr
- $194/mo
- VA funding fee (first use)
- 2.15% · $7,117
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $148/mo
- Same $331,000 home, FHA at 3.5% down
How much house can you afford in Georgia with a va loan?
Highest price where principal, interest, Georgia property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% 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 | $130,000 | $0 | 39% |
| $75,000 | $1,750 | $208,000 | $0 | 63% |
| $100,000 | $2,333 | $286,000 | $0 | 86% |
| $125,000 | $2,917 | $364,000 | $0 | 110% |
| $150,000 | $3,500 | $442,000 | $0 | 134% |
| $200,000 | $4,667 | $598,000 | $0 | 181% |
| $250,000 | $5,833 | $754,000 | $0 | 228% |
VA 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 a va loan in Georgia?
Estimated $2,668 per month ($2,256 principal & interest, $218 property tax, $194 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $331,000 Georgia home?
$7,117 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
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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
- 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
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.