Georgia Mortgage Calculator
Use this free mortgage calculator to estimate your monthly mortgage payments and annual amortization.
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Taking out a mortgage in Georgia
In Georgia, the Peach State, housing is roughly as affordable as the national average. 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.
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. Learn more
Average property tax by county
| County | Avg. property tax rate | Median home value |
|---|---|---|
| Appling County | 0.66% | $88,500 |
| Atkinson County | 0.92% | $77,100 |
| Bacon County | 0.83% | $95,600 |
| Baker County | 0.84% | $121,600 |
| Baldwin County | 0.76% | $154,400 |
| Banks County | 0.6% | $229,900 |
| Barrow County | 0.81% | $315,900 |
| Bartow County | 0.72% | $288,900 |
| Ben Hill County | 0.9% | $100,000 |
| Berrien County | 0.83% | $108,300 |
| Bibb County | 1.09% | $178,700 |
| Bleckley County | 0.97% | $121,600 |
| Brantley County | 1.04% | $91,900 |
| Brooks County | 0.9% | $128,400 |
| Bryan County | 0.83% | $276,100 |
| Bulloch County | 0.69% | $206,200 |
| Burke County | 0.56% | $98,300 |
| Butts County | 0.82% | $200,000 |
| Calhoun County | 1.22% | $77,100 |
| Camden County | 0.93% | $213,400 |
| Candler County | 0.93% | $141,500 |
| Carroll County | 0.66% | $262,000 |
| Catoosa County | 0.69% | $226,900 |
| Charlton County | 0.67% | $107,500 |
| Chatham County | 0.9% | $291,400 |
| Chattahoochee County | 0.73% | $129,300 |
| Chattooga County | 0.76% | $86,400 |
| Cherokee County | 0.71% | $427,500 |
| Clarke County | 0.87% | $308,000 |
| Clay County | 1.05% | $81,200 |
| Clayton County | 0.89% | $222,800 |
| Clinch County | 1.05% | $73,900 |
| Cobb County | 0.72% | $398,000 |
| Coffee County | 0.71% | $122,500 |
| Colquitt County | 0.89% | $113,900 |
| Columbia County | 0.86% | $291,100 |
| Cook County | 0.77% | $113,600 |
| Coweta County | 0.79% | $359,600 |
| Crawford County | 0.8% | $149,400 |
| Crisp County | 0.89% | $106,900 |
| Dade County | 0.62% | $157,900 |
| Dawson County | 0.67% | $312,600 |
| Decatur County | 0.95% | $140,800 |
| DeKalb County | 0.94% | $352,200 |
| Dodge County | 0.79% | $104,600 |
| Dooly County | 1.04% | $94,500 |
| Dougherty County | 1.2% | $120,500 |
| Douglas County | 0.82% | $295,700 |
| Early County | 0.75% | $126,500 |
| Echols County | 0.62% | $114,900 |
| Effingham County | 0.96% | $265,400 |
| Elbert County | 0.79% | $104,500 |
| Emanuel County | 0.82% | $87,500 |
| Evans County | 0.92% | $130,500 |
| Fannin County | 0.38% | $260,100 |
| Fayette County | 0.86% | $430,800 |
| Floyd County | 0.87% | $187,900 |
| Forsyth County | 0.74% | $536,700 |
| Franklin County | 0.72% | $146,700 |
| Fulton County | 0.94% | $447,100 |
| Gilmer County | 0.5% | $259,700 |
| Glascock County | 0.86% | $117,300 |
| Glynn County | 0.61% | $264,600 |
| Gordon County | 0.7% | $179,100 |
| Grady County | 1.0% | $147,000 |
| Greene County | 0.67% | $308,000 |
| Gwinnett County | 0.96% | $381,700 |
| Habersham County | 0.62% | $188,800 |
| Hall County | 0.73% | $355,500 |
| Hancock County | 0.9% | $93,500 |
| Haralson County | 0.79% | $187,700 |
| Harris County | 0.82% | $273,200 |
| Hart County | 0.56% | $180,500 |
| Heard County | 0.57% | $134,900 |
| Henry County | 0.95% | $295,000 |
| Houston County | 0.85% | $213,900 |
| Irwin County | 0.72% | $94,700 |
| Jackson County | 0.83% | $325,800 |
| Jasper County | 0.9% | $184,000 |
| Jeff Davis County | 0.78% | $106,800 |
| Jefferson County | 0.96% | $90,900 |
| Jenkins County | 0.93% | $81,800 |
| Johnson County | 0.98% | $81,300 |
| Jones County | 1.03% | $159,500 |
| Lamar County | 0.96% | $177,000 |
| Lanier County | 0.92% | $150,200 |
| Laurens County | 0.6% | $132,000 |
| Lee County | 1.03% | $208,800 |
| Liberty County | 1.05% | $177,800 |
| Lincoln County | 0.87% | $164,300 |
| Long County | 0.87% | $159,900 |
| Lowndes County | 0.85% | $206,100 |
| Lumpkin County | 0.6% | $249,400 |
| Macon County | 0.68% | $78,100 |
| Madison County | 0.82% | $170,600 |
| Marion County | 0.71% | $111,300 |
| McDuffie County | 0.63% | $140,900 |
| McIntosh County | 0.72% | $157,600 |
| Meriwether County | 0.85% | $147,200 |
| Miller County | 1.26% | $119,400 |
| Mitchell County | 0.86% | $98,400 |
| Monroe County | 0.73% | $204,100 |
| Montgomery County | 0.84% | $105,300 |
| Morgan County | 0.79% | $293,300 |
| Murray County | 0.45% | $153,700 |
| Muscogee County | 0.91% | $185,600 |
| Newton County | 0.9% | $278,800 |
| Oconee County | 0.72% | $389,200 |
| Oglethorpe County | 0.75% | $176,300 |
| Paulding County | 0.84% | $312,400 |
| Peach County | 0.99% | $170,500 |
| Pickens County | 0.68% | $263,200 |
| Pierce County | 0.87% | $116,800 |
| Pike County | 0.83% | $234,700 |
| Polk County | 0.75% | $151,400 |
| Pulaski County | 0.91% | $120,500 |
| Putnam County | 0.69% | $203,300 |
| Quitman County | 0.83% | $85,800 |
| Rabun County | 0.52% | $236,900 |
| Randolph County | 0.92% | $83,800 |
| Richmond County | 0.92% | $146,000 |
| Rockdale County | 0.74% | $274,200 |
| Schley County | 1.01% | $154,300 |
| Screven County | 0.95% | $107,800 |
| Seminole County | 1.04% | $110,300 |
| Spalding County | 0.94% | $232,900 |
| Stephens County | 0.79% | $154,200 |
| Stewart County | 0.86% | $72,500 |
| Sumter County | 1.1% | $130,000 |
| Talbot County | 0.83% | $119,400 |
| Taliaferro County | 1.15% | $69,200 |
| Tattnall County | 0.69% | $115,600 |
| Taylor County | 0.82% | $90,100 |
| Telfair County | 0.82% | $90,000 |
| Terrell County | 1.03% | $97,000 |
| Thomas County | 0.86% | $178,900 |
| Tift County | 0.93% | $140,700 |
| Toombs County | 0.87% | $124,800 |
| Towns County | 0.38% | $278,700 |
| Treutlen County | 0.76% | $98,500 |
| Troup County | 0.86% | $227,600 |
| Turner County | 1.29% | $85,600 |
| Twiggs County | 0.44% | $89,300 |
| Union County | 0.5% | $252,100 |
| Upson County | 0.85% | $136,500 |
| Walker County | 0.92% | $185,100 |
| Walton County | 0.82% | $329,800 |
| Ware County | 0.94% | $94,600 |
| Warren County | 0.72% | $82,700 |
| Washington County | 0.9% | $113,700 |
| Wayne County | 0.81% | $142,200 |
| Webster County | 0.63% | $77,100 |
| Wheeler County | 0.75% | $82,600 |
| White County | 0.63% | $232,000 |
| Whitfield County | 0.71% | $209,200 |
| Wilcox County | 0.83% | $65,300 |
| Wilkes County | 0.74% | $92,500 |
| Wilkinson County | 0.87% | $87,600 |
| Worth County | 1.0% | $98,000 |
How to use the mortgage calculator
Under "Loan amount," enter the amount you intend to borrow.
Under "Interest rate," enter the mortgage interest rate that you expect to get.
Under "Loan term (years)," enter the length of the mortgage in years. Most mortgages have 30-year terms.
After you enter these three pieces of information, the calculator prominently displays the monthly payment inside the "Your loan estimate" window. It also displays:
The loan amount (under "Total principal").
How much interest you would pay over the life of the loan ("Total interest payments").
The total principal plus interest you would pay over the loan's term ("Total loan payments").
The monthly principal and interest payment excluding taxes and insurance ("Monthly mortgage payment").
The payoff date, which is the month when you would pay the last scheduled payment.
Calculating costs in addition to principal and interest
The calculator lets you fine-tune your payment by entering your annual property tax premium, annual home insurance premium, monthly homeowner association fee and monthly cost of mortgage insurance. Note that you'll enter the annual cost for property tax and home insurance, and the monthly cost for HOA fees and mortgage insurance.
Select "Show amortization schedule" to uncover a table that shows how much you'll pay in principal and interest each month, as well as the remaining amount you owe ("Principal balance") after making the payment.
» MORE: What is mortgage amortization?
Explanation of terminology
Loan amount: Also known as principal, this is the amount you borrow. Each mortgage payment reduces the principal you owe.
Interest rate: How much the lender charges you to lend you the money. Interest rates are expressed as an annual percentage. A lower interest rate gives you a smaller monthly payment.
Loan term (years): The term is the number of years it will take to pay off the mortgage. A longer term gives you a lower monthly payment than a shorter term does. But you pay more total interest with a longer term because you're paying interest for more months.
Start date: The month that your first mortgage payment is due.
Property taxes: The annual tax assessed by a government authority on your home and land. You pay about one-twelfth of your annual tax bill with each mortgage payment, and the servicer saves them in an escrow account. When the taxes are due, the loan servicer pays them.
Homeowners insurance: Your policy covers damage and financial losses from fire, storms, theft, a tree falling on your house and other bad things. As with property taxes, you pay roughly one-twelfth of your annual premium each month, and the servicer pays the bill when it's due.
Monthly HOA fees: The amount you may pay each month if you belong to a homeowners association. Typically, these dues are billed directly, not added to the monthly mortgage payment. Because HOA dues can be easy to forget when considering the cost of homeownership, NerdWallet's mortgage calculator allows you to enter them here.
Private mortgage insurance: If your down payment is less than 20% of the home’s purchase price, you’ll likely pay mortgage insurance. It protects the lender in case a borrower defaults on a mortgage.
Using the mortgage calculator to compare scenarios
This mortgage calculator lets you change the loan amount, interest rate, loan term and other factors so you can see the effect on monthly payments.
Feel free to test it out by entering your loan amount, then altering the interest rate or the loan term (or both). You won't break anything!
If you're looking to see how much you could save by refinancing your mortgage, try NerdWallet's refinance calculator.
» MORE FOR CANADIAN READERS: Canada mortgage payment calculator
