Use our free Georgia mortgage calculator to estimate your monthly mortgage payment – including principal, interest, property taxes, homeowner’s insurance, and PMI. Georgia is one of the fastest-growing housing markets in the Southeast. Enter your loan details below for a complete payment breakdown.
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Monthly Payment Breakdown
| Year | Beginning Balance | Principal Paid | Interest Paid | Ending Balance |
|---|
- Georgia average effective property tax rate: 0.81% – well below the national average of 0.99%
- Median home price in Atlanta: ~$520,000; Augusta: ~$220,000 – wide range by city
- Georgia Dream program offers $10,000-$12,500 in down payment assistance for eligible buyers
- Georgia Intangibles Tax: $1.50 per $500 of loan amount – unique closing cost to budget for
- Georgia is one of the fastest-growing Southeast markets driven by tech, logistics and film production
Georgia Mortgage Rates Today
Georgia mortgage rates closely follow national averages with slight regional variation. As of 2026, 30-year fixed rates in Georgia typically range from 6.5% to 7.25% for well-qualified borrowers. The Atlanta metro sees competitive rates due to high lender volume; rural Georgia rates may run slightly higher.
| Loan Type | Georgia Rate (Approx.) | National Average |
|---|---|---|
| 30-Year Fixed | 6.65% – 7.15% | 6.85% |
| 15-Year Fixed | 5.95% – 6.45% | 6.10% |
| 5/1 ARM | 6.15% – 6.65% | 6.35% |
| FHA 30-Year | 6.40% – 6.90% | 6.60% |
| VA 30-Year | 6.15% – 6.65% | 6.35% |
| USDA 30-Year | 6.25% – 6.75% | 6.45% |
Georgia Property Taxes: County-by-County Breakdown
Georgia’s effective property tax rate averages about 0.81% – below the national average of 0.99% – making it one of the more tax-friendly states for homeowners. Property is assessed at 40% of fair market value. The Homestead Exemption reduces assessed value by $2,000 for state taxes (more at the county level).
| Georgia County | Median Home Value | Effective Tax Rate | Annual Tax (Median Home) |
|---|---|---|---|
| Fulton County (Atlanta) | $400,000 | 1.00% | ~$4,000 |
| Gwinnett County | $330,000 | 0.94% | ~$3,102 |
| Cobb County | $380,000 | 0.81% | ~$3,078 |
| DeKalb County | $295,000 | 1.11% | ~$3,275 |
| Cherokee County | $375,000 | 0.72% | ~$2,700 |
| Chatham County (Savannah) | $290,000 | 0.92% | ~$2,668 |
| Richmond County (Augusta) | $175,000 | 0.94% | ~$1,645 |
Georgia First-Time Homebuyer Programs (Georgia Dream)
The Georgia Dream Homeownership Program, administered by the Georgia Department of Community Affairs (DCA), provides below-market rates and down payment assistance for eligible buyers:
- Georgia Dream Standard – 30-year fixed rate at below-market rates. Income limits ~$74,000–$85,000 (varies by household size)
- Georgia Dream Down Payment Assistance – $10,000 at 0% interest, deferred until sale or refinance
- PEN Assistance – $12,500 for eligible public employees (protectors, educators, nurses) and active duty military
- Choice Assistance – $12,500 for buyers with a household member who has a disability
Purchase price limits are typically $425,000 for existing homes and $525,000 for new construction. Buyers must contribute at least $1,000 toward the purchase and complete a homebuyer education course.
Monthly Mortgage Payment Examples Across Georgia
| City / Area | Median Home Price | Loan (80%) | P&I (7%) | Taxes/mo | Insurance/mo | Total PITI |
|---|---|---|---|---|---|---|
| Atlanta (Midtown/Buckhead) | $520,000 | $416,000 | $2,769 | $433 | $175 | $3,377 |
| Atlanta Suburbs (Marietta) | $385,000 | $308,000 | $2,050 | $260 | $140 | $2,450 |
| Savannah | $330,000 | $264,000 | $1,757 | $253 | $130 | $2,140 |
| Augusta | $220,000 | $176,000 | $1,171 | $172 | $110 | $1,453 |
| Columbus | $195,000 | $156,000 | $1,038 | $148 | $105 | $1,291 |
| Macon | $175,000 | $140,000 | $931 | $157 | $100 | $1,188 |
How Much House Can You Afford in Georgia?
Georgia’s low property taxes and moderate home prices make it more affordable than many other Sun Belt metros. Using the 28% front-end DTI rule:
| Gross Annual Income | Max Monthly PITI (28%) | Est. Max Purchase Price (GA) |
|---|---|---|
| $60,000 | $1,400 | ~$195,000 |
| $80,000 | $1,867 | ~$265,000 |
| $100,000 | $2,333 | ~$335,000 |
| $125,000 | $2,917 | ~$420,000 |
| $150,000 | $3,500 | ~$510,000 |
| $200,000 | $4,667 | ~$685,000 |
Assumes 7% rate, 20% down, 0.81% effective property tax, $1,400/yr insurance.
Georgia Closing Costs
Georgia closing costs typically run 2%–3% of the purchase price. Key Georgia-specific items:
- Georgia Intangibles Tax: $1.50 per $500 of loan amount (borrower pays) – $720 on a $240K loan
- Attorney fees: $500–$1,000 (Georgia is an attorney-state – licensed GA attorney required at closing)
- Title insurance: $800–$2,000
- Real Estate Transfer Tax: $1 per $1,000 of purchase price (paid by seller)
- Lender origination fee: 0.5%–1% of loan amount
Georgia Homestead Exemption
Georgia homeowners using their property as a primary residence qualify for the Homestead Exemption, which reduces assessed value for property tax purposes. The state exemption reduces assessed value by $2,000. County exemptions vary – Fulton County’s basic exemption is $30,000; Gwinnett County’s is $10,000. Apply through your county tax assessor’s office by April 1 of the year you’re claiming.
Georgia Mortgage FAQs
What is the conforming loan limit in Georgia?
In 2026, the conforming loan limit for all 159 Georgia counties is $806,500 for a single-family home. Georgia has no FHFA-designated high-cost areas with elevated limits. Loans above $806,500 are jumbo loans, typically 0.25%–0.50% higher in rate.
Can I use a USDA loan to buy a home in Georgia?
Yes – large portions of Georgia outside major metro areas qualify for USDA Rural Development loans with 100% financing (no down payment). USDA loans are available in most areas outside the Atlanta, Savannah, Augusta, Columbus, and Macon metro footprints. Rural counties across South Georgia, North Georgia, and the coastal plain typically qualify. Check the USDA eligibility map for your specific address.
Is Georgia a good state to buy a home in 2026?
Georgia – particularly the Atlanta metro – has been one of the strongest housing markets in the Southeast, driven by job growth, population migration from higher-cost states, and a diversified economy. Property taxes are below the national average and home prices, while up significantly from 2020, remain more affordable than comparable Sun Belt metros like Miami or Austin.
What is the Georgia Dream income limit?
For 2026, Georgia Dream income limits are approximately $74,000 for 1–2 person households and $85,000 for 3+ person households in most areas, with higher limits in certain targeted areas (up to $97,000). Verify current limits on the Georgia DCA website – they are updated annually.