Mortgage on a $200K house in Georgia
$1,305 a month with 20% down — $1,076 principal and interest plus $129 property tax and $100 insurance.
Georgia's typical property tax is 0.77% of the home's value a year (U.S. average 0.9%), which adds $129 a month on a $200K home. The typical home in Georgia is worth $329,115, so $200K is 39% below the typical price.
$200K home in Georgia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $40,000 | $160,000 | $1,076 | $0 | $229 | $1,305 | $55,900 |
| 10% down | $20,000 | $180,000 | $1,211 | $75 | $229 | $1,515 | $64,900 |
| 5% down | $10,000 | $190,000 | $1,278 | $79 | $229 | $1,586 | $68,000 |
| 3.5% down (FHA) | $7,000 | $196,378 | $1,321 | $88 | $229 | $1,638 | $70,200 |
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 $200K buy a typical home?
In these counties the typical home value is within 15% of $200K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Grady County | $197,927 | 0.91% | $1,328 |
| McDuffie County | $197,177 | 0.82% | $1,313 |
| Richmond County | $194,252 | 0.84% | $1,317 |
| Tattnall County | $193,995 | 0.9% | $1,326 |
| Tift County | $206,321 | 0.86% | $1,319 |
| Crawford County | $206,348 | 0.87% | $1,321 |
| Pierce County | $206,752 | 0.83% | $1,314 |
| Charlton County | $208,451 | 0.76% | $1,303 |
| Glascock County | $190,762 | 1.03% | $1,348 |
| Wayne County | $209,466 | 0.78% | $1,306 |
| Hancock County | $209,661 | 1.09% | $1,358 |
| Muscogee County | $188,877 | 0.86% | $1,319 |
73 of 159 Georgia counties tracked by Zillow have a typical home value at or below $200K. See all Georgia home prices.
Other prices in Georgia
Frequently asked questions
What is the mortgage on a $200K house in Georgia?
About $1,305 a month with 20% down at 7.11%: $1,076 principal and interest, $129 property tax and $100 insurance.
How much do I need to make to buy a $200K house in Georgia?
About $55,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $200K house in Georgia?
At Georgia's typical effective rate of 0.77%, about $1,547 a year. Rates vary by county and city — see the county pages.