Georgia Mortgage Calculator

Georgia imposes an intangible recording tax of $1.50 per $500 of the mortgage loan amount (equivalent to $3 per $1,000) on long-term mortgage loans (those secured for 3 years or more). On a $280,000 mortgage, the tax is $840. This is paid by the borrower at closing and is in addition to the seller-paid real estate transfer tax. The intangible tax is capped at $25,000 for very large loans. Source: Georgia Department of Revenue (https://dor.georgia.gov/taxes/business-taxes/real-estate-transfer-tax).

Georgia property taxes are assessed at the county level at 40% of fair market value, then multiplied by the local millage rate. The average effective rate statewide is 0.92%. Fulton County (Atlanta) averages about 1.16%. Georgia offers a Homestead Exemption of $2,000 off assessed value for owner-occupied primary residences, plus additional exemptions for seniors and veterans. Apply through your county tax assessor within 30 days of closing — the exemption applies to the following tax year. Source: Georgia Department of Revenue (https://dor.georgia.gov/property-tax-homestead-exemptions).

The 2026 FHFA conforming loan limit in Georgia is $806,500 for all counties. Georgia has no high-cost counties. Most Atlanta-area homes are well within this limit despite rising prices, making conventional financing accessible to most buyers. Source: FHFA 2026 Conforming Loan Limit Table (https://www.fhfa.gov/data/conforming-loan-limit).

Yes — Georgia has a flat income tax rate of 5.49% as of 2024, reduced from a graduated system. The rate is scheduled to decrease to 4.99% by 2029 under legislation passed in 2022. For a buyer earning $68,000 annually, Georgia state income tax is approximately $3,733/year. When budgeting for a mortgage, factor in both state income tax and county property taxes to accurately estimate your monthly housing cost obligation. Source: Georgia Department of Revenue (https://dor.georgia.gov/taxes/individual-taxes/georgia-income-tax-facts).

The Georgia Dream program from the Department of Community Affairs provides $10,000 in down payment assistance ($12,500 for educators, healthcare workers, and public protectors) paired with a 30-year fixed mortgage. Income limits are approximately $74,000–$97,000 depending on county and household size. Atlanta residents may qualify for an additional $20,000 through the Atlanta Affordable Homeownership Program. Visit https://www.dca.ga.gov or call 1-800-359-4663 to find a participating lender.