Georgia Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Georgia (GA). The median home price in Georgia is $272,900, with an effective property tax rate of 0.81% (ranked #27 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Georgia data.

Georgia Property Tax Information

Georgia has an effective property tax rate of 0.81%, ranking #27 among all 50 states. The median annual property tax is $2,214 ($185/month). Source: Tax Foundation 2025.

Georgia Loan Limits 2026

FHA loan limit in Georgia: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in Georgia

For a median-priced home of $272,900 with 20% down ($54,580), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,380, plus $185 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,690/month.

Georgia Closing Costs

Average closing costs in Georgia are $5,106 (1.24% of purchase price), ranked #15 nationally. Georgia charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

Georgia Housing Market 2026

Home prices in Georgia have increased 3.5% year-over-year. Average days on market: 42. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Georgia

Georgia offers 2 down payment assistance programs through Georgia Housing and Finance Authority (GHFA):

  • Georgia Dream Homeownership Program (second mortgage): 0% interest, deferred second mortgage. Below-market first mortgage rates. - Up to Up to $10,000
  • Georgia Dream PEN DPA (forgivable loan): For public protectors, educators, and healthcare workers. Higher assistance amounts. - Up to Up to $12,500

Contact GHFA: https://www.dca.ga.gov/safe-affordable-housing/homeownership | Phone: 404-679-4840

Did You Know About Georgia?

  • Atlanta metro is one of the most affordable major metro areas
  • Homestead exemption available for primary residences
  • Strong job growth in Atlanta driving housing demand
  • Many suburban areas offer excellent value for first-time buyers

Frequently Asked Questions About Buying a Home in Georgia

What is the average property tax rate in Georgia?

The effective property tax rate in Georgia is 0.81%, with a median annual tax of $2,214. This ranks #27 among all states.

What are the FHA loan limits in Georgia for 2026?

The FHA loan floor in Georgia is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Georgia?

Average closing costs in Georgia are $5,106, which is approximately 1.24% of the purchase price.

Are there first-time homebuyer programs in Georgia?

Yes, Georgia offers 2 down payment assistance programs through Georgia Housing and Finance Authority, including grants, forgivable loans, and second mortgages.

Is Georgia a good place to buy a home in 2026?

With a median home price of $272,900 and moderate inventory, Georgia is currently a buyer's market. Home prices have increased 3.5% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.