Find Your Real Monthly Payment in Georgia
Use this Georgia mortgage calculator to estimate your full monthly payment with an itemized breakdown: principal & interest, property taxes, homeowners insurance, PMI, and HOA. Georgia-specific property tax options include the state’s 40% assessed value method with customizable millage and homestead exemption. Results are estimates only and not legal/financial advice.
Monthly Payment (all-in)
$0
Principal & Interest
$0
Taxes + Insurance
$0
PMI (if applicable)
$0
Georgia Mortgage Calculator
Enter either % of price (e.g., 10) or dollars (e.g., 40000).
This tool models typical monthly costs; actual program fees vary.
Auto-updates every 30 days from your configured feed (with local cache). You can override any time.
Avg Georgia effective rate varies by county. Adjust for your county/city.
Used only with Georgia 40% method. Example: 30 mills = 0.030 × assessed value.
Georgia counties/schools offer various exemptions. Enter your total assessed-value exemption.
Adjust based on coverage, location, roof, floods, etc.
Leave blank to auto-estimate. PMI typically 0.2%–2.0% (conventional). FHA MIP & program fees differ.
PMI auto-drops once LTV reaches 80% on conventional loans (estimate). Program rules vary.
Itemized Monthly Breakdown
| Item | Amount |
|---|---|
| Principal & Interest (P&I) | $0 |
| Property Taxes | $0 |
| Homeowners Insurance | $0 |
| PMI / MIP | $0 |
| HOA | $0 |
| Total Monthly Payment | $0 |
This tool is for estimates only. Georgia property tax policies, exemptions, and millage rates vary by county/city/school district. Confirm details with your lender, closing attorney, and county tax office.
How Georgia Property Taxes Are Calculated
- Assessed value: By Georgia law, assessed value is typically 40% of fair market value.
- Millage rate: Taxes are levied in “mills” (per $1,000 of assessed value). Example: 30 mills = 0.030 × assessed value.
- Homestead exemptions: Most owner-occupants can claim a homestead exemption that reduces assessed value for county/city/school taxes. Amounts vary by locality.
- Effective-rate shortcut: If you don’t know millage/exemptions yet, estimate using an effective % of market value, then refine once you have your county’s rates.
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Last updated • Georgia mortgage & property tax explainer.