Georgia ranks in the lower half amongst states for the average monthly mortgage payment. On average, homeowners in Georgia pay $59 less per month for a mortgage compared to the national average.
In 2020, the homeownership rate for Georgia was 67.3%. That is slightly higher than the 2019 rate of 64.4%. The median home value in Georgia is $193,500, and property tax averages $2,006 per year with a real estate tax of around 0.92%.
With the MoneyGeek Georgia mortgage calculator, you can see how much a mortgage may cost you considering the price of the home, how much down payment you make, interest rate and other fees, such as homeowners association (HOA) fees and insurance. Plus, our guide provides tips on how to lower a mortgage payment in Georgia and what steps to take after you estimate the monthly payment with the calculator.