Georgia · GA

Georgia Mortgage Calculator

Pre-filled for Georgia: median home price $335,000, average property tax rate 0.81%. Adjust any slider to make it yours.

Georgia housing at a glance

Median home price: $335,000
Effective property tax rate: 0.81% / yr
Annual property tax (median home): $2,714
Est. monthly tax escrow: $226
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Georgia

The median home price in Georgia is around $335,000 and the effective property tax rate averages 0.81%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Georgia is $67,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Georgia

Georgia charges $1 per $1,000 of price as a real estate transfer tax (0.1%), plus an intangible recording tax of $1.50 per $500 on the loan amount.

Beyond transfer taxes, total closing costs in Georgiatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $6,700–$16,750.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

Georgia mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Georgia?: At the current 30-year fixed rate of ~6.81%, a $335,000 home in Georgia with 20% down ($67,000) carries a principal-and-interest payment of ~$1,749/mo. Add property tax (~$226/mo at 0.81%) and homeowners insurance and your total is roughly $1,975/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Georgia?: The effective statewide property tax rate in Georgia averages 0.81% of assessed value per year. On a $335,000 home, that works out to roughly $2,714 per year ($226/mo). Individual county rates vary.
Does Georgia have a state income tax?: Yes, Georgia has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Georgia?: Georgia charges $1 per $1,000 of price as a real estate transfer tax (0.1%), plus an intangible recording tax of $1.50 per $500 on the loan amount.
What type of foreclosure does Georgia use?: Georgia uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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