Georgia Mortgage Calculator (2026)
Calculate your monthly payment with Georgia-specific property tax (0.92%) and average insurance ($1,530/yr).
Monthly payment
Payment breakdown
Loan summary
Amortization schedule (first 12 + every 12 months)
| Month | Principal | Interest | PMI/MIP | Balance |
|---|---|---|---|---|
| 1 | $247.14 | $1,758.75 | $125.63 | $301,253 |
| 2 | $248.58 | $1,757.31 | $125.63 | $301,004 |
| 3 | $250.03 | $1,755.86 | $125.63 | $300,754 |
| 4 | $251.49 | $1,754.40 | $125.63 | $300,503 |
| 5 | $252.95 | $1,752.93 | $125.63 | $300,250 |
| 6 | $254.43 | $1,751.46 | $125.63 | $299,995 |
| 7 | $255.91 | $1,749.97 | $125.63 | $299,739 |
| 8 | $257.41 | $1,748.48 | $125.63 | $299,482 |
| 9 | $258.91 | $1,746.98 | $125.63 | $299,223 |
| 10 | $260.42 | $1,745.47 | $125.63 | $298,963 |
| 11 | $261.94 | $1,743.95 | $125.63 | $298,701 |
| 12 | $263.47 | $1,742.42 | $125.63 | $298,437 |
| 24 | $282.51 | $1,723.38 | $125.63 | $295,153 |
| 36 | $302.93 | $1,702.95 | $125.63 | $291,632 |
| 48 | $324.83 | $1,681.05 | $125.63 | $287,856 |
| 60 | $348.32 | $1,657.57 | $125.63 | $283,807 |
| 72 | $373.50 | $1,632.39 | $125.63 | $279,465 |
| 84 | $400.50 | $1,605.39 | $125.63 | $274,809 |
| 96 | $429.45 | $1,576.44 | $125.63 | $269,817 |
| 108 | $460.49 | $1,545.39 | $125.63 | $264,464 |
| 120 | $493.78 | $1,512.11 | — | $258,724 |
| 132 | $529.48 | $1,476.41 | — | $252,569 |
| 144 | $567.75 | $1,438.13 | — | $245,970 |
| 156 | $608.80 | $1,397.09 | — | $238,893 |
| 168 | $652.81 | $1,353.08 | — | $231,304 |
| 180 | $700.00 | $1,305.89 | — | $223,167 |
| 192 | $750.60 | $1,255.29 | — | $214,442 |
| 204 | $804.86 | $1,201.03 | — | $205,085 |
| 216 | $863.04 | $1,142.84 | — | $195,053 |
| 228 | $925.43 | $1,080.45 | — | $184,295 |
| 240 | $992.33 | $1,013.55 | — | $172,760 |
| 252 | $1,064.07 | $941.82 | — | $160,390 |
| 264 | $1,140.99 | $864.90 | — | $147,127 |
| 276 | $1,223.47 | $782.41 | — | $132,905 |
| 288 | $1,311.92 | $693.97 | — | $117,654 |
| 300 | $1,406.76 | $599.13 | — | $101,301 |
| 312 | $1,508.45 | $497.44 | — | $83,766 |
| 324 | $1,617.50 | $388.39 | — | $64,964 |
| 336 | $1,734.43 | $271.46 | — | $44,802 |
| 348 | $1,859.81 | $146.08 | — | $23,182 |
| 360 | $1,994.25 | $11.63 | — | $0 |
What the payment actually costs
The carrying cost that lenders leave out of the headline number: at 0.92% effective, Georgia sits 26th of 51 states and adds around $307 a month to a $400,000 home, or $3,680 a year.
Homeowners insurance runs about $1,530 a year in Georgia, 20th of 51 states and below the $1,552 national average. Together, tax and insurance add roughly $434 a month to the payment before you have paid a dollar of principal.
How this fits the rest of your tax bill
Georgia taxes both income and property, so neither side offsets the other. Property tax at 0.92% ranks 26th of 51, and state income tax applies on top. Model both together when comparing against a no-income-tax state, because the comparison flips depending on how much house you buy relative to what you earn.
Housing costs compound with the rate. Georgia runs about 6% below national-average costs, so the same 0.92% rate applies to a smaller assessed value than it would elsewhere. A percentage rate is only half the number that matters; the base it applies to is the other half.
Property tax rates are effective statewide averages; your county assessor sets the actual figure and it varies widely within a state. See our methodology.