Georgia Mortgage Calculator
2026Calculate your monthly mortgage payment in Georgia. Factor in GA's 0.87% average property tax rate, homeowners insurance, and PMI for an accurate Georgia home loan estimate.
Written and reviewed by Konstantin Iakovlev · Methodology · Updated
Monthly P&I
$1,733.12
Total Monthly Payment
$2,178.96
Total Interest Paid
$343,924.57
Monthly Payment Breakdown
| Loan Amount | $280,000.00 |
| Down Payment (20.0%) | $70,000.00 |
| LTV Ratio | 80.0% |
| Principal & Interest | $1,733.12 |
| Property Tax | $320.83 |
| Homeowners Insurance | $125.00 |
| Total Monthly Payment | $2,178.96 |
| Total Interest Over Life of Loan | $343,924.57 |
15-Year vs 30-Year Comparison
15yr Monthly P&I
$2,408.42
15yr Total Interest
$153,515.76
Interest Savings (15yr)
$190,408.81
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How does buying a home in Georgia work tax-wise?
Georgia's average effective property tax rate is 0.87% of assessed value (2026), among the moderate range. On a $400,000 home, that translates to roughly $3,480 per year, billed by your county or municipality. Homestead exemptions, senior or veteran reductions, and assessment caps can reduce the effective rate for primary residences in many jurisdictions.
At the federal level, mortgage interest is deductible if you itemize, capped at the interest on the first $750,000 of acquisition debt (or $375,000 for married filing separately). State and local taxes (SALT), including property tax, are deductible up to a combined $40,000 cap for 2026 under OBBBA (raised from $10,000), with a 30% phase-down on MAGI above $500,000 (floor $10,000); the cap is inflation-indexed through 2029 before reverting to $10,000 in 2030. Closing costs typically run 2–5% of the loan amount; transfer taxes and recording fees vary by county.
Georgia also assesses state income tax, which interacts with your federal SALT deduction. Use this calculator to estimate your monthly principal, interest, taxes, and insurance (PITI) payment given your loan terms and Georgia's property-tax rate.
Georgia mortgage market: foreclosure, transfer tax, and refinance rules
- Median home price (Q4 2025)
- $350,000
- Foreclosure type
- Non-judicial (power-of-sale)
- Real-estate transfer tax
- $1.00 per $1,000 (state Real Estate Transfer Tax); plus $3 per $1,000 intangible recording tax on mortgages
Georgia uses non-judicial foreclosure under power-of-sale provisions — typical timeline from notice to sale is 60 days, among the fastest in the country. The state imposes a $1 per $1,000 Real Estate Transfer Tax on deeds plus a $3 per $1,000 Intangible Recording Tax on mortgages. Median home price of about $350,000 reflects sustained Atlanta-metro growth. Most sales close at the Georgia conforming limit of $524,225 or below, but North Atlanta exclusive areas push into jumbo territory.
Georgia Mortgage & Property Facts (2026)
| Avg. Property Tax Rate | 0.87% |
| State Income Tax | 5.39% (flat) |
| State Sales Tax | 4% |
| Estate Tax | No |
Georgia mortgage — frequently asked questions
What are typical Georgia mortgage rates and considerations?
GA mortgage rates track national averages (6.5%-7.5% for 30-year conventional in 2026). GA median home price of $350K reflects sustained Atlanta-metro growth. Georgia Real Estate Transfer Tax: $1 per $1,000 state + $3 per $1,000 Intangible Recording Tax on mortgages (paid by buyer). GA requires closing attorney (one of few "attorney-only" closing states alongside SC, MA, others).
Does Georgia have first-time homebuyer assistance?
Yes. Georgia Dream (DCA-administered) programs: (1) Standard — $10,000 DPA as 0%-interest deferred second loan, repayable on sale or refinance. (2) PEN — $12,500 DPA for "Protected Employment" workers (police, fire, EMT, educators, healthcare, military, certain government employees). (3) CHOICE — $15,000 for buyers (or family members) with disabilities. (4) Georgia Dream HARDEST HIT (Treasury-funded legacy program in select counties). All require completion of an 8-hour Georgia Dream Approved homebuyer course.
How does Georgia foreclosure work?
Georgia uses non-judicial foreclosure under power-of-sale provisions — typical timeline from notice to sale is just 60 days, among the fastest in the country. The lender must publish foreclosure notice for 4 consecutive weeks in the legal organ (newspaper) of the county before sale. GA sheriff's sales (technically "trustee sales") held first Tuesday of each month at the county courthouse. No statutory right of redemption after sale.
What is Georgia's "intangibles tax" on mortgages?
Georgia imposes a 0.3% (3 mills) Intangible Recording Tax on mortgages and security deeds, paid at the time of recording. It's capped at $25,000 per loan (so loans over $8.33M only pay the cap). Loan refinances that don't increase the principal owe no additional intangibles tax (only the difference if the new loan is larger). This is in addition to the $1/$1,000 deed transfer tax — paid by the borrower, not the seller.