Georgia Mortgage Calculator

Georgia mortgage and refinance loan payment calculator

Search calculator by state:

Our Georgia mortgage calculator enables you to estimate your monthly mortgage payment, including the following:

  • Principal and interest
  • Taxes
  • Insurance
  • Private Mortgage Insurance (PMI)

Your monthly payment changes when updating the home price, down payment, interest rate, and loan term.

Housing affordability continues to fluctuate across Georgia. The housing trends vary in the Peach State, with larger communities exhibiting higher home prices than smaller, more rural areas. Even within Atlanta, Augusta-Richmond County, Columbus, the market varies among neighborhoods. Each area will have a slightly different trend such as Fulton County, Gwinnett County and Cobb County.

$

10%

1%

3%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

We've included the conforming loan amounts and the estimated property tax rates for each county. This is important because mortgage interest rates are significantly different for home loans above the amounts listed. Please check with your loan officer, bank, lender to verify the conforming loan amounts in your county.

County

Property tax rate

Conforming limit

Appling County

0.72%

$548,250

Atkinson County

0.99%

$548,250

Bacon County

1.04%

$548,250

Baker County

0.78%

$548,250

Baldwin County

0.82%

$548,250

Banks County

0.79%

$548,250

Barrow County

0.89%

$548,250

Bartow County

0.79%

$548,250

Ben Hill County

1.13%

$548,250

Berrien County

1.07%

$548,250

Bibb County

1.18%

$548,250

Bleckley County

1.08%

$548,250

Brantley County

1.58%

$548,250

Brooks County

1.23%

$548,250

Bryan County

0.86%

$548,250

Bulloch County

0.83%

$548,250

Burke County

0.87%

$548,250

Butts County

1.03%

$548,250

Calhoun County

1.38%

$548,250

Camden County

1.01%

$548,250

Candler County

1.16%

$548,250

Carroll County

0.77%

$548,250

Catoosa County

0.84%

$548,250

Charlton County

0.91%

$548,250

Chatham County

1.02%

$548,250

Chattahoochee County

1.07%

$548,250

Chattooga County

0.86%

$548,250

Cherokee County

0.75%

$548,250

Clarke County

1.02%

$548,250

Clay County

1.03%

$548,250

Clayton County

1.06%

$548,250

Clinch County

1.20%

$548,250

Cobb County

0.72%

$548,250

Coffee County

0.99%

$548,250

Colquitt County

1.06%

$548,250

Columbia County

1.00%

$548,250

Cook County

1.01%

$548,250

Coweta County

0.87%

$548,250

Crawford County

1.13%

$548,250

Crisp County

1.18%

$548,250

Dade County

0.55%

$548,250

Dawson County

0.76%

$548,250

Decatur County

1.10%

$548,250

DeKalb County

1.07%

$548,250

Dodge County

0.94%

$548,250

Dooly County

1.10%

$548,250

Dougherty County

1.37%

$548,250

Douglas County

0.92%

$548,250

Early County

1.06%

$548,250

Echols County

1.13%

$548,250

Effingham County

1.10%

$548,250

Elbert County

1.00%

$548,250

Emanuel County

1.03%

$548,250

Evans County

1.08%

$548,250

Fannin County

0.44%

$548,250

Fayette County

0.92%

$548,250

Floyd County

0.96%

$548,250

Forsyth County

0.77%

$548,250

Franklin County

0.91%

$548,250

Fulton County

1.00%

$548,250

Gilmer County

0.51%

$548,250

Glascock County

1.12%

$548,250

Glynn County

0.73%

$548,250

Gordon County

0.89%

$548,250

Grady County

1.04%

$548,250

Greene County

0.69%

$548,250

Gwinnett County

1.19%

$548,250

Habersham County

0.74%

$548,250

Hall County

0.84%

$548,250

Hancock County

1.10%

$548,250

Haralson County

1.04%

$548,250

Harris County

0.92%

$548,250

Hart County

0.74%

$548,250

Heard County

0.72%

$548,250

Henry County

1.04%

$548,250

Houston County

0.99%

$548,250

Irwin County

1.37%

$548,250

Jackson County

0.98%

$548,250

Jasper County

1.09%

$548,250

Jeff Davis County

0.96%

$548,250

Jefferson County

1.21%

$548,250

Jenkins County

1.17%

$548,250

Johnson County

1.09%

$548,250

Jones County

1.16%

$548,250

Lamar County

0.96%

$548,250

Lanier County

1.12%

$548,250

Laurens County

1.00%

$548,250

Lee County

1.15%

$548,250

Liberty County

1.35%

$548,250

Lincoln County

1.13%

$548,250

Long County

1.18%

$548,250

Lowndes County

0.95%

$548,250

Lumpkin County

0.75%

$548,250

McDuffie County

0.93%

$548,250

McIntosh County

0.88%

$548,250

Macon County

1.10%

$548,250

Madison County

0.97%

$548,250

Marion County

1.12%

$548,250

Meriwether County

1.19%

$548,250

Miller County

1.47%

$548,250

Mitchell County

1.44%

$548,250

Monroe County

0.81%

$548,250

Montgomery County

1.02%

$548,250

Morgan County

0.80%

$548,250

Murray County

0.66%

$548,250

Muscogee County

0.92%

$548,250

Newton County

0.96%

$548,250

Oconee County

0.78%

$548,250

Oglethorpe County

0.88%

$548,250

Paulding County

0.92%

$548,250

Peach County

1.16%

$548,250

Pickens County

0.83%

$548,250

Pierce County

0.91%

$548,250

Pike County

1.00%

$548,250

Polk County

1.01%

$548,250

Pulaski County

0.84%

$548,250

Putnam County

0.73%

$548,250

Quitman County

0.73%

$548,250

Rabun County

0.67%

$548,250

Randolph County

1.12%

$548,250

Richmond County

1.16%

$548,250

Rockdale County

0.66%

$548,250

Schley County

1.09%

$548,250

Screven County

1.10%

$548,250

Seminole County

1.15%

$548,250

Spalding County

1.23%

$548,250

Stephens County

1.03%

$548,250

Stewart County

1.09%

$548,250

Sumter County

1.58%

$548,250

Talbot County

0.92%

$548,250

Taliaferro County

1.48%

$548,250

Tattnall County

1.09%

$548,250

Taylor County

0.85%

$548,250

Telfair County

1.11%

$548,250

Terrell County

1.08%

$548,250

Thomas County

1.02%

$548,250

Tift County

1.10%

$548,250

Toombs County

0.91%

$548,250

Towns County

0.42%

$548,250

Treutlen County

0.81%

$548,250

Troup County

1.01%

$548,250

Turner County

1.37%

$548,250

Twiggs County

1.26%

$548,250

Union County

0.62%

$548,250

Upson County

1.02%

$548,250

Walker County

0.83%

$548,250

Walton County

0.87%

$548,250

Ware County

1.05%

$548,250

Warren County

1.28%

$548,250

Washington County

1.15%

$548,250

Wayne County

0.86%

$548,250

Webster County

1.20%

$548,250

Wheeler County

1.03%

$548,250

White County

0.81%

$548,250

Whitfield County

0.77%

$548,250

Wilcox County

1.02%

$548,250

Wilkes County

1.31%

$548,250

Wilkinson County

0.93%

$548,250

Worth County

1.08%

$548,250

County

Tax Rate

Limit

Appling County

0.72%

$548,250

Atkinson County

0.99%

$548,250

Bacon County

1.04%

$548,250

Baker County

0.78%

$548,250

Baldwin County

0.82%

$548,250

Banks County

0.79%

$548,250

Barrow County

0.89%

$548,250

Bartow County

0.79%

$548,250

Ben Hill County

1.13%

$548,250

Berrien County

1.07%

$548,250

Bibb County

1.18%

$548,250

Bleckley County

1.08%

$548,250

Brantley County

1.58%

$548,250

Brooks County

1.23%

$548,250

Bryan County

0.86%

$548,250

Bulloch County

0.83%

$548,250

Burke County

0.87%

$548,250

Butts County

1.03%

$548,250

Calhoun County

1.38%

$548,250

Camden County

1.01%

$548,250

Candler County

1.16%

$548,250

Carroll County

0.77%

$548,250

Catoosa County

0.84%

$548,250

Charlton County

0.91%

$548,250

Chatham County

1.02%

$548,250

Chattahoochee County

1.07%

$548,250

Chattooga County

0.86%

$548,250

Cherokee County

0.75%

$548,250

Clarke County

1.02%

$548,250

Clay County

1.03%

$548,250

Clayton County

1.06%

$548,250

Clinch County

1.20%

$548,250

Cobb County

0.72%

$548,250

Coffee County

0.99%

$548,250

Colquitt County

1.06%

$548,250

Columbia County

1.00%

$548,250

Cook County

1.01%

$548,250

Coweta County

0.87%

$548,250

Crawford County

1.13%

$548,250

Crisp County

1.18%

$548,250

Dade County

0.55%

$548,250

Dawson County

0.76%

$548,250

Decatur County

1.10%

$548,250

DeKalb County

1.07%

$548,250

Dodge County

0.94%

$548,250

Dooly County

1.10%

$548,250

Dougherty County

1.37%

$548,250

Douglas County

0.92%

$548,250

Early County

1.06%

$548,250

Echols County

1.13%

$548,250

Effingham County

1.10%

$548,250

Elbert County

1.00%

$548,250

Emanuel County

1.03%

$548,250

Evans County

1.08%

$548,250

Fannin County

0.44%

$548,250

Fayette County

0.92%

$548,250

Floyd County

0.96%

$548,250

Forsyth County

0.77%

$548,250

Franklin County

0.91%

$548,250

Fulton County

1.00%

$548,250

Gilmer County

0.51%

$548,250

Glascock County

1.12%

$548,250

Glynn County

0.73%

$548,250

Gordon County

0.89%

$548,250

Grady County

1.04%

$548,250

Greene County

0.69%

$548,250

Gwinnett County

1.19%

$548,250

Habersham County

0.74%

$548,250

Hall County

0.84%

$548,250

Hancock County

1.10%

$548,250

Haralson County

1.04%

$548,250

Harris County

0.92%

$548,250

Hart County

0.74%

$548,250

Heard County

0.72%

$548,250

Henry County

1.04%

$548,250

Houston County

0.99%

$548,250

Irwin County

1.37%

$548,250

Jackson County

0.98%

$548,250

Jasper County

1.09%

$548,250

Jeff Davis County

0.96%

$548,250

Jefferson County

1.21%

$548,250

Jenkins County

1.17%

$548,250

Johnson County

1.09%

$548,250

Jones County

1.16%

$548,250

Lamar County

0.96%

$548,250

Lanier County

1.12%

$548,250

Laurens County

1.00%

$548,250

Lee County

1.15%

$548,250

Liberty County

1.35%

$548,250

Lincoln County

1.13%

$548,250

Long County

1.18%

$548,250

Lowndes County

0.95%

$548,250

Lumpkin County

0.75%

$548,250

McDuffie County

0.93%

$548,250

McIntosh County

0.88%

$548,250

Macon County

1.10%

$548,250

Madison County

0.97%

$548,250

Marion County

1.12%

$548,250

Meriwether County

1.19%

$548,250

Miller County

1.47%

$548,250

Mitchell County

1.44%

$548,250

Monroe County

0.81%

$548,250

Montgomery County

1.02%

$548,250

Morgan County

0.80%

$548,250

Murray County

0.66%

$548,250

Muscogee County

0.92%

$548,250

Newton County

0.96%

$548,250

Oconee County

0.78%

$548,250

Oglethorpe County

0.88%

$548,250

Paulding County

0.92%

$548,250

Peach County

1.16%

$548,250

Pickens County

0.83%

$548,250

Pierce County

0.91%

$548,250

Pike County

1.00%

$548,250

Polk County

1.01%

$548,250

Pulaski County

0.84%

$548,250

Putnam County

0.73%

$548,250

Quitman County

0.73%

$548,250

Rabun County

0.67%

$548,250

Randolph County

1.12%

$548,250

Richmond County

1.16%

$548,250

Rockdale County

0.66%

$548,250

Schley County

1.09%

$548,250

Screven County

1.10%

$548,250

Seminole County

1.15%

$548,250

Spalding County

1.23%

$548,250

Stephens County

1.03%

$548,250

Stewart County

1.09%

$548,250

Sumter County

1.58%

$548,250

Talbot County

0.92%

$548,250

Taliaferro County

1.48%

$548,250

Tattnall County

1.09%

$548,250

Taylor County

0.85%

$548,250

Telfair County

1.11%

$548,250

Terrell County

1.08%

$548,250

Thomas County

1.02%

$548,250

Tift County

1.10%

$548,250

Toombs County

0.91%

$548,250

Towns County

0.42%

$548,250

Treutlen County

0.81%

$548,250

Troup County

1.01%

$548,250

Turner County

1.37%

$548,250

Twiggs County

1.26%

$548,250

Union County

0.62%

$548,250

Upson County

1.02%

$548,250

Walker County

0.83%

$548,250

Walton County

0.87%

$548,250

Ware County

1.05%

$548,250

Warren County

1.28%

$548,250

Washington County

1.15%

$548,250

Wayne County

0.86%

$548,250

Webster County

1.20%

$548,250

Wheeler County

1.03%

$548,250

White County

0.81%

$548,250

Whitfield County

0.77%

$548,250

Wilcox County

1.02%

$548,250

Wilkes County

1.31%

$548,250

Wilkinson County

0.93%

$548,250

Worth County

1.08%

$548,250

Start the mortgage process today in Georgia

Start the process for either a purchase or refinance mortgage today and have a licensed loan officer in Georgia contact you for a custom quote.

In Georgia how do banks and lenders calculate what mortgage payment I can afford?

In Georgia the general rule of thumb for determining the mortgage amount a borrower can manage is 2 – 2.5 times your monthly GROSS income. For example, someone earning $100k annual can afford a $200k – $250k mortgage. However, this is only a general guideline and there is more to the process. In addition to your gross income, lenders take into consideration two ratios: the “front-end ratio” and the “back-end ratio.”  The front-end ratio is your mortgage-to-income ratio, representing the (monthly) amount of your income which you can dedicate to paying your mortgage. The ideal ratio is under 30%–although some lenders will allow you to exceed 40%. The back-end ratio is your debt-to-income (DTI) ratio, or the amount of gross income you must cover your debts (loans for cars, education, and credit cards, for example).  Most lenders want to see that number no more than 36% (36% of your income goes to paying debts).  Although there are other factors in determining your overall financial “health,” these best represent your ability to pay the mortgage.

In Georgia what are other costs that can increase my mortgage payment?

In Georgia the mortgage payment includes multiple factors, each which can increase (or decrease) the actual mortgage payment. Other than then actual cost of the home, you need to include the following variables:

  • Down Payment (the amount of money you pay up front, not borrowed from the lender)
  • Interest Expenses (the interest rate, the length of the loan and type—whether a fixed or adjustable interest rate)
  • Property Taxes (these vary with the community you are moving into)
  • Insurance (homeowner’s insurance rates will depend on your coverage and can fluctuate)
  • PMI (some lenders require insurance to protect them should you default on the loan)
  • HOA Fees (Some residential communities (especially condominiums and other PUDs) have maintenance fees for shared facilities and amenities offered in the development

In Georgia how do I calculate my mortgage payment?

In Georgia the mortgage payment includes multiple factors, each which can increase (or decrease) the actual mortgage payment. Other than then actual cost of the home, you need to include the following variables:

  • Down Payment (the amount of money you pay up front, not borrowed from the lender)
  • Interest Expenses (the interest rate, the length of the loan and type—whether a fixed or adjustable interest rate)
  • Property Taxes (these vary with the community you are moving into)
  • Insurance (homeowner’s insurance rates will depend on your coverage and can fluctuate)
  • PMI (some lenders require insurance to protect them should you default on the loan)
  • HOA Fees (Some residential communities (especially condominiums and other PUDs) have maintenance fees for shared facilities and amenities offered in the development

Lock your mortgage rate today in Georgia

With a wide variety of financing options, our team of experts can help you find and lock in the best current rate for purchasing your home or refinancing your existing mortgage. Contact us to get started with a Georgia mortgage loan today!

Calculator questions?

Whether you are a math nerd who aspires to do the math by hand or simply want to understand how Georgia mortgage payments are calculated, the formula looks like this:

M = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]

Key:

  • M = monthly mortgage payment
  • P = principal amount
  • I = monthly interest rate (usually listed as an annual percentage rate)
  • N = number of payments over the life of the loan (360 payments for 30 years, etc)

In Georgia if you are obtaining a fixed mortgage, whether it be 30, 15, or even 5 years, you are probably curious to see how much you are paying in interest.  One thing to remember is that in the U.S., interest is paid in arrears. So, your monthly payment includes interest for the 30 days BEFORE your due date. Since fixed mortgages are fully amortized installment loans, the amortization schedule shows how the split between principal and interest changes over time. In the early years of the mortgage term, most of your payment will go towards interest. However, as you pay down the principal, less interest will accrue and more of your payment is applied to the principal.

In Georgia the longer you finance your home for, the lower your monthly payments will be. Conversely, a shorter (or adjustable rate) term usually equates to a lower interest rate. Its important to run the numbers on multiple scenarios to find out what works best for you.

If you already have a mortgage and are looking for an opportunity to lower your current monthly payments, consider the following:

  • Refinance at a lower rate
  • Refinance to a longer term
  • Eliminate mortgage insurance
  • Apply for mortgage forbearance or loan modification (in case of financial hardship)

In Georgia an Amortization Schedule calculator provides a schedule of how much is paid for each portion of the mortgage payment over time. A mortgage calculator allows you to plug in the mortgage amount, term (number of payments) and the APR (interest rate per year) and determine the total you will pay in principal and interest over the life of the loan.

Mortgage calculator by state

Related searches: adjustable, conforming, jumbo, payment, loan, refinance, amortization, rate, payoff, simple, 30 year fixed, 20 year fixed, 15 year fixed, 10 year fixed, 10 year ARM, 7 year ARM, 5 year ARM, 3 year ARM, Atlanta mortgage calculator, Augusta-Richmond mortgage calculator, Columbus mortgage calculator, Macon-Bibb mortgage calculator, Savannah mortgage calculator

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