Georgia mortgage calculator

Use our free mortgage calculator to estimate your monthly mortgage payment, your principal and interest, taxes, insurance, and PMI in Georgia. See how your monthly payment changes by making updates to your home price, down payment, interest rate, and loan term.

Georgia housing market

In Georgia, the Peach State, housing is roughly as affordable as the national Georgians spend ~19% of their incomes on homes, which is slightly less than the national average. The continued rise in home prices in Georgia has closely followed overall U.S. trends - although Georgia's median home values still trails U.S. averages by ~20%. Georgia's market is driven primarily by the Atlanta metro area, where 6M of 10M residents live. Atlanta home prices are above state averages, while smaller cities like Savannah, Athens, and Augusta are less expensive. While Georgia maintains the name "the Peach State," it trails both South Carolina and California in peach production.

Your monthly payment
30 year fixed loan term
Monthly payment
Principal & interest


Property taxes

Homeowners insurance

Homeowners association (HOA) fees

Compare common loan types
Total principal: $240,000
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,011$1,454
Mortgage Rate4.125%2.276%*3.047%*
Total interest paid
Loan Term
30 year fixedYour input
15 year fixed30 year fixed
Monthly Payment$1,599$2,011$1,454
Mortgage Rate4.125%2.276%*3.047%*
Total interest paid

See how your payments change over time for your 30 year fixed loan term

At year 0

30 year fixed loan term

Principal Paid
Interest Paid
Year 0
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We’ll share an interesting insight here for key milestones in your payoff schedule.

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Georgia mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate2.984%3.026%
20-year fixed-rate2.664%2.741%
15-year fixed-rate2.164%2.244%
10-year fixed-rate1.939%2.009%
7/1 ARM2.541%3.207%
5/1 ARM2.406%3.262%
30-year fixed-rate FHA2.455%3.216%
30-year fixed-rate VA2.592%2.841%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

30-year fixed

Today’s mortgage rates in Georgia are 3.026% for a 30-year fixed, 2.244% for a 15-year fixed, and 3.262% for a 5/1 adjustable-rate mortgage (ARM).

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

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Georgia's first-time home buyer programs

The Georgia Department of Community Affairs has a program called Georgia Dream Home Ownership Program which helps first-time home buyers and home buyers who haven't owned a home for three years get mortgage financing assistance.

Georgia Standard Down Payment Assistance

State program

Best for

Down payment assistance

What you need to know

All borrowers eligible for a Georgia Dream mortgage may qualify for $5,000 in down payment assistance. It’s possible to receive $7,500 if you are eligible for either the PEN or Choice programs. If you receive funds from any of the down payment assistance programs below, you’ll need to repay the...

See full article

Georgia's best mortgage lenders

NerdWallet has done the work for you to pick the best financing partner for you in Georgia.

See full article

Average property tax in Georgia counties

Taking U.S. Census data, NerdWallet has crunched the numbers to help you understand what property tax rate you can expect to pay on your future home in Georgia. Because assessed values aren’t frequently updated, you may pay a higher rate at first but eventually you’ll pay a similar rate.

Avg. property tax rate
Avg. home value
Appling County0.74%$72,100
Atkinson County0.97%$62,500
Bacon County0.95%$73,200
Baker County0.73%$79,500
Baldwin County0.86%$108,800
Banks County0.8%$128,900
Barrow County0.83%$156,400
Bartow County0.76%$165,400
Ben Hill County1.07%$81,200
Berrien County0.96%$86,700
Bibb County1.17%$117,400
Bleckley County0.96%$98,800
Brantley County1.11%$68,200
Brooks County0.91%$92,400
Bryan County0.83%$201,700
Bulloch County0.81%$135,400
Burke County0.76%$86,500
Butts County0.98%$121,500
Calhoun County1.29%$49,000
Camden County0.97%$154,500
Candler County0.8%$88,600
Carroll County0.76%$132,800
Catoosa County0.71%$137,900
Charlton County1.01%$82,200
Chatham County0.96%$192,500
Chattahoochee County0.73%$81,700
Chattooga County0.74%$68,500
Cherokee County0.78%$251,100
Clarke County1.0%$167,300
Clay County1.04%$59,900
Clayton County1.05%$103,500
Clinch County1.07%$63,100
Cobb County0.76%$254,300
Coffee County0.87%$87,600
Colquitt County0.87%$84,500
Columbia County0.9%$201,000
Cook County0.93%$87,800
Coweta County0.81%$213,800
Crawford County1.04%$93,300
Crisp County1.0%$83,900
Dade County0.57%$122,500
Dawson County0.67%$202,300
Decatur County0.86%$109,800
DeKalb County1.09%$199,800
Dodge County0.87%$73,400
Dooly County1.03%$83,200
Dougherty County1.28%$101,400
Douglas County1.01%$161,300
Early County1.04%$82,700
Echols County1.01%$57,000
Effingham County1.05%$155,500
Elbert County0.73%$81,800
Emanuel County0.87%$78,500
Evans County0.91%$83,600
Fannin County0.46%$171,500
Fayette County0.97%$280,600
Floyd County0.98%$135,000
Forsyth County0.77%$349,500
Franklin County0.7%$101,600
Fulton County1.04%$306,200
Gilmer County0.63%$162,400
Glascock County1.12%$66,600
Glynn County0.64%$170,700
Gordon County0.77%$119,500
Grady County0.82%$110,500
Greene County0.61%$175,800
Gwinnett County1.13%$220,000
Habersham County0.75%$137,200
Hall County0.83%$195,600
Hancock County1.08%$66,100
Haralson County1.03%$117,000
Harris County0.9%$194,800
Hart County0.64%$131,200
Heard County0.65%$100,500
Henry County1.06%$169,600
Houston County0.98%$129,800
Irwin County1.13%$81,200
Jackson County0.97%$186,500
Jasper County1.0%$119,700
Jeff Davis County0.84%$77,900
Jefferson County1.21%$69,200
Jenkins County0.88%$59,100
Johnson County1.11%$64,200
Jones County1.08%$124,800
Lamar County0.89%$132,400
Lanier County0.94%$102,000
Laurens County0.84%$85,000
Lee County1.04%$156,800
Liberty County1.21%$120,500
Lincoln County0.91%$115,600
Long County0.93%$117,500
Lowndes County0.9%$133,500
Lumpkin County0.69%$176,300
Macon County1.08%$61,300
Madison County0.86%$121,600
Marion County0.84%$86,300
McDuffie County0.82%$102,500
McIntosh County0.71%$112,700
Meriwether County0.94%$91,300
Miller County1.36%$88,500
Mitchell County1.19%$82,500
Monroe County0.75%$159,900
Montgomery County0.75%$76,500
Morgan County0.78%$208,200
Murray County0.61%$91,700
Muscogee County0.93%$139,000
Newton County0.92%$148,500
Oconee County0.82%$252,000
Oglethorpe County0.7%$111,800
Paulding County0.93%$170,400
Peach County1.16%$126,000
Pickens County0.81%$185,700
Pierce County0.87%$99,000
Pike County0.92%$162,000
Polk County0.85%$105,600
Pulaski County0.88%$111,100
Putnam County0.72%$168,700
Quitman County0.7%$67,400
Rabun County0.62%$157,800
Randolph County0.55%$67,300
Richmond County1.04%$101,800
Rockdale County0.75%$155,800
Schley County1.07%$94,800
Screven County0.95%$78,900
Seminole County0.91%$77,200
Spalding County1.13%$119,100
Stephens County0.92%$98,500
Stewart County0.99%$51,800
Sumter County0.97%$82,600
Talbot County0.86%$81,200
Taliaferro County1.36%$59,100
Tattnall County1.03%$88,100
Taylor County0.87%$65,800
Telfair County0.95%$55,600
Terrell County0.64%$88,600
Thomas County0.86%$131,400
Tift County0.96%$112,200
Toombs County0.92%$97,500
Towns County0.43%$197,900
Treutlen County0.89%$71,000
Troup County0.93%$140,200
Turner County1.19%$72,700
Twiggs County1.0%$57,000
Union County0.61%$191,800
Upson County0.9%$84,900
Walker County0.79%$120,500
Walton County0.91%$187,300
Ware County0.8%$78,500
Warren County1.18%$62,300
Washington County1.01%$82,400
Wayne County0.84%$107,300
Webster County0.77%$57,200
Wheeler County1.02%$46,800
White County0.85%$157,900
Whitfield County0.68%$132,400
Wilcox County0.43%$69,800
Wilkes County1.04%$83,400
Wilkinson County0.95%$69,100
Worth County0.96%$85,600

Source: American Communities Survey 2016, U.S. Census

Under "Home price," enter the price (if you're buying) or the current value (if you're refinancing). NerdWallet also has a .

Under "Down payment," enter the amount of your down payment (if you’re buying) or the amount of equity you have (if refinancing). A  is the cash you pay upfront for a home, and  is the value of the home, minus what you owe.

On desktop, under "Interest rate" (to the right), enter the rate. Under "Loan term," click the plus and minus signs to adjust the length of the mortgage in years.

On mobile devices, tap "Refine Results" to find the field to enter the rate and use the plus and minus signs to select the "Loan term."

You may enter your own figures for  and , if you don’t wish to use NerdWallet’s estimates. Edit these figures by clicking on the amount currently displayed.

The mortgage calculator lets you click "Compare common loan types" to view a comparison of different loan terms. Click "Amortization" to see how the principal balance, principal paid (equity) and total interest paid change year by year. On mobile devices, scroll down to see "Amortization."

» MORE: 

The mortgage payment calculation looks like this: M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

The variables are as follows:

Determining what your monthly house payment will be is an important part of figuring out how much house you can afford. That monthly payment is likely to be the biggest part of your cost of living.

Using NerdWallet’s mortgage calculator lets you estimate your mortgage payment when you buy a home or refinance. You can change loan details in the calculator to run scenarios. The calculator can help you decide:

Mortgage lenders are required to assess your ability to repay the amount you want to borrow. A lot of factors go into that assessment, and the main one is debt-to-income ratio.

Your  is the percentage of pretax income that goes toward monthly debt payments, including the mortgage, car payments, student loans, minimum credit card payments and child support. Lenders look most favorably on debt-to-income ratios of 36% or less — or a maximum of $1,800 a month on an income of $5,000 a month before taxes.

» MORE: 

If your mortgage payment included just principal and interest, you could use a bare-bones mortgage calculator. But most mortgage payments include other charges as well. Here are the key components of the monthly mortgage payment:

Typically, when you belong to a homeowners association, the dues are billed directly, and it's not added to the monthly mortgage payment. Because HOA dues can be easy to forget, they're included in NerdWallet's mortgage calculator.

The mortgage calculator lets you test scenarios to see how you can reduce the monthly payments:

Your monthly payment can go up over time if: