Typical Georgia mortgage payment
The median home price in Georgia is roughly $330,000. Here's the estimated monthly principal & interest payment on that amount, by rate and term:
| Rate | 15-year | 30-year |
|---|---|---|
| 5.00% | $2,610 | $1,772 |
| 5.50% | $2,696 | $1,874 |
| 6.00% | $2,785 | $1,979 |
| 6.50% | $2,875 | $2,086 |
| 7.00% | $2,966 | $2,195 |
| 7.50% | $3,059 | $2,307 |
| 8.00% | $3,154 | $2,421 |
At 6.50% over 30 years, a $330,000 home in Georgia costs about $2,086/month in principal & interest.
What affects your Georgia payment?
- Property taxes & insurance vary by county and aren't included above.
- Down payment: 20% down avoids private mortgage insurance (PMI).
- Loan term: a 15-year loan saves enormous interest vs. 30 years.
Median price is an approximate estimate. Figures are principal & interest only and exclude taxes, insurance and fees. Not financial advice.