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Mortgage Calculator Georgia — Free 2026

Calculate your monthly mortgage payment for a Georgia home. Includes property tax (0.83%) and insurance estimates.

Please enter a valid home price.
Please enter a valid percentage (0–100).
Please enter a valid interest rate.
Please enter a valid tax rate.
Please enter a valid insurance amount.

Your Mortgage Breakdown

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Monthly Payment (PITI)
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Principal & Interest
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Property Tax (monthly)
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Insurance (monthly)
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Total Interest Over Life
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Total Cost

How It Works

  1. Enter home price and down payment
  2. Set loan term and interest rate
  3. Add taxes and insurance
  4. Review your results
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Understanding Mortgages in Georgia

Georgia has emerged as one of the most popular states for homebuyers and relocations, driven by Atlanta's booming economy, relatively low cost of living, and warm climate. With property tax rates below the national average and a range of housing options from downtown condos to suburban developments, Georgia offers an attractive market for both first-time buyers and experienced homeowners.

Georgia Housing Market Overview

The median home price in Georgia is approximately $370,000 as of 2026, with the Atlanta metro area driving much of the demand. Atlanta proper and close-in suburbs like Decatur, Marietta, and Roswell command higher prices, often $400,000–$600,000+. Outer suburbs along the I-85 and I-75 corridors offer more affordable options in the $300,000–$400,000 range. Outside metro Atlanta, Georgia becomes significantly more affordable: Savannah's charming historic district averages around $300,000, while Augusta, Macon, and Columbus offer medians from $180,000 to $220,000. For a national perspective, see our Mortgage Calculator USA.

Georgia Property Taxes

Georgia's average effective property tax rate of about 0.83% is well below the national average, making it one of the more tax-friendly states for homeowners. Properties are assessed at 40% of fair market value, and millage rates are set by a combination of county, city, and school district governments. Fulton County (which includes most of Atlanta) tends to have higher rates than many other counties. Homestead exemptions vary by county but can significantly reduce your tax bill — most counties offer at least a standard exemption that reduces the taxable value of your primary residence. Some counties offer additional exemptions for seniors, veterans, and disabled homeowners.

Georgia Dream and First-Time Buyer Programs

The Georgia Dream homeownership program, administered by the Georgia Department of Community Affairs, is one of the state's best resources for first-time buyers. It offers 30-year fixed-rate mortgages at competitive rates, plus up to $10,000 in down payment assistance ($12,500 for eligible public protectors, educators, healthcare workers, and active military). Income limits vary by county and household size. Georgia also has no state-level transfer tax on real estate purchases, though an intangible tax of 0.3% applies to the mortgage amount. Use our ROI calculator to evaluate the investment potential of Georgia real estate.

Tips for Georgia Homebuyers

Georgia is an attorney-closing state, meaning a lawyer must oversee the closing process — budget $800–$1,500 for attorney fees. Termite inspections are standard and highly recommended given the state's humid climate. If buying in metro Atlanta, factor in commute times and plan around the notoriously congested I-285 perimeter. Flood insurance may be needed in low-lying areas, particularly near the coast and along major rivers. Property insurance rates are moderate but higher in coastal areas of Savannah and the Golden Isles due to hurricane exposure.

For informational purposes only. This calculator provides estimates based on the values you enter. Actual mortgage payments may vary depending on your lender, credit profile, PMI, HOA dues and other factors. Consult a qualified mortgage professional before making financial decisions.

Frequently Asked Questions

What is the average property tax rate in Georgia?
Georgia's average effective property tax rate is approximately 0.83%, which is below the national average of about 1.1%. However, rates vary significantly by county — Fulton County (Atlanta) has higher rates than many rural counties. Georgia assesses property at 40% of fair market value, and millage rates are set by counties, cities, and school districts.
What is the Georgia Dream homeownership program?
Georgia Dream is the state's primary first-time homebuyer program, administered by the Georgia Department of Community Affairs. It offers 30-year fixed-rate mortgages at competitive rates, plus up to $10,000 in down payment assistance (up to $12,500 for eligible public protectors, educators, healthcare workers, and military). Income and purchase price limits apply.
How does Atlanta's housing market compare to other Georgia cities?
Atlanta is Georgia's most expensive market, with a metro median around $400,000. Suburban areas like Cobb, Gwinnett, and Douglas counties offer more moderate pricing. Outside the metro, cities like Savannah ($300,000), Augusta ($220,000), Macon ($180,000), and Columbus ($200,000) are significantly more affordable. Georgia's cost of living overall is below the national average.
Does Georgia have a real estate transfer tax?
Georgia does not have a traditional real estate transfer tax, but it does charge an intangible tax on mortgages at a rate of $1.50 per $500 of the loan amount (effectively 0.3%). On a $296,000 loan (80% of $370,000), this would be approximately $888. Georgia also charges a $1.00 per $1,000 transfer tax on the sale price, typically paid by the seller.

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