Calculate your monthly mortgage payment in Georgia. Pre-filled with Georgia's typical home value of $330,800 (Zillow Home Value Index, August 2026) and an effective property tax rate of 0.74% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$2,108
Principal & Interest
$1,766
Property Tax / mo
$204
Total Interest Paid
$371,117
| Home Price | $330,800 | Typical home value in Georgia — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($66,160) | Assumption — no sourced state average |
| Loan Amount | $264,640 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a Georgia rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 0.74% / year | Georgia effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for Georgia: Georgia Dream, Georgia Dream Peach Plus. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the Georgia housing finance agency before you rely on it.
Cost of living: Moderate (index 90.1, MERIC (C2ER index), Second Quarter 2026) · Population: 11,302,748 (Census Bureau estimate, July 1, 2025)
Georgia has a typical home value of about $330,800 (Zillow Home Value Index, August 2026), below the U.S. typical value of $368,700. With an assumed 20% down payment of $66,160, a buyer would finance $264,640 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $1,766.
The effective property tax rate in Georgia — median real estate taxes paid divided by median home value — is 0.74% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $138 a month for homeowners insurance, the estimated all-in monthly housing cost is about $2,108.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $90,343 to qualify comfortably. The median household income in Georgia is $79,991 (Census ACS 2024 1-year).
