Mortgage on a $100K house in Georgia
$653 a month with 20% down — $538 principal and interest plus $64 property tax and $50 insurance.
Georgia's typical property tax is 0.77% of the home's value a year (U.S. average 0.9%), which adds $64 a month on a $100K home. The typical home in Georgia is worth $329,115, so $100K is 70% below the typical price.
$100K home in Georgia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,000 | $80,000 | $538 | $0 | $114 | $653 | $28,000 |
| 10% down | $10,000 | $90,000 | $605 | $38 | $114 | $757 | $32,500 |
| 5% down | $5,000 | $95,000 | $639 | $40 | $114 | $793 | $34,000 |
| 3.5% down (FHA) | $3,500 | $98,189 | $661 | $44 | $114 | $819 | $35,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.77% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Georgia does $100K buy a typical home?
In these counties the typical home value is within 15% of $100K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Macon County | $100,304 | 0.98% | $670 |
| Twiggs County | $99,287 | 0.73% | $649 |
| Randolph County | $95,515 | 1.07% | $677 |
| Calhoun County | $90,157 | 1.11% | $681 |
| Telfair County | $111,567 | 1.12% | $682 |
| Warren County | $112,060 | 1.09% | $679 |
| Jefferson County | $114,572 | 0.96% | $668 |
4 of 159 Georgia counties tracked by Zillow have a typical home value at or below $100K. See all Georgia home prices.
Other prices in Georgia
Frequently asked questions
What is the mortgage on a $100K house in Georgia?
About $653 a month with 20% down at 7.11%: $538 principal and interest, $64 property tax and $50 insurance.
How much do I need to make to buy a $100K house in Georgia?
About $28,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $100K house in Georgia?
At Georgia's typical effective rate of 0.77%, about $773 a year. Rates vary by county and city — see the county pages.