Mortgage on a $150K house in Georgia
$979 a month with 20% down — $807 principal and interest plus $97 property tax and $75 insurance.
Georgia's typical property tax is 0.77% of the home's value a year (U.S. average 0.9%), which adds $97 a month on a $150K home. The typical home in Georgia is worth $329,115, so $150K is 54% below the typical price.
$150K home in Georgia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $30,000 | $120,000 | $807 | $0 | $172 | $979 | $42,000 |
| 10% down | $15,000 | $135,000 | $908 | $56 | $172 | $1,136 | $48,700 |
| 5% down | $7,500 | $142,500 | $959 | $59 | $172 | $1,190 | $51,000 |
| 3.5% down (FHA) | $5,250 | $147,283 | $991 | $66 | $172 | $1,229 | $52,700 |
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 $150K buy a typical home?
In these counties the typical home value is within 15% of $150K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Washington County | $149,824 | 1% | $1,007 |
| Mitchell County | $151,173 | 1.32% | $1,048 |
| Taylor County | $148,508 | 0.96% | $1,002 |
| Wheeler County | $148,432 | 0.63% | $961 |
| Taliaferro County | $152,258 | 1.31% | $1,046 |
| Jeff Davis County | $146,459 | 0.92% | $998 |
| Irwin County | $153,871 | 1.07% | $1,016 |
| Jenkins County | $155,166 | 0.86% | $989 |
| Dodge County | $155,734 | 0.87% | $991 |
| Johnson County | $143,762 | 0.94% | $999 |
| Appling County | $156,534 | 0.94% | $1,000 |
| Ware County | $142,737 | 0.96% | $1,002 |
32 of 159 Georgia counties tracked by Zillow have a typical home value at or below $150K. See all Georgia home prices.
Other prices in Georgia
Frequently asked questions
What is the mortgage on a $150K house in Georgia?
About $979 a month with 20% down at 7.11%: $807 principal and interest, $97 property tax and $75 insurance.
How much do I need to make to buy a $150K house in Georgia?
About $42,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $150K house in Georgia?
At Georgia's typical effective rate of 0.77%, about $1,160 a year. Rates vary by county and city — see the county pages.