Mortgage on a $300K house in Georgia
$1,958 a month with 20% down — $1,614 principal and interest plus $193 property tax and $150 insurance.
Georgia's typical property tax is 0.77% of the home's value a year (U.S. average 0.9%), which adds $193 a month on a $300K home. The typical home in Georgia is worth $329,115, so $300K is 9% below the typical price.
$300K home in Georgia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $60,000 | $240,000 | $1,614 | $0 | $343 | $1,958 | $83,900 |
| 10% down | $30,000 | $270,000 | $1,816 | $113 | $343 | $2,272 | $97,400 |
| 5% down | $15,000 | $285,000 | $1,917 | $119 | $343 | $2,379 | $102,000 |
| 3.5% down (FHA) | $10,500 | $294,566 | $1,982 | $133 | $343 | $2,458 | $105,300 |
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 $300K buy a typical home?
In these counties the typical home value is within 15% of $300K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Douglas County | $300,429 | 0.75% | $1,951 |
| Rockdale County | $299,033 | 0.71% | $1,942 |
| Camden County | $305,322 | 0.88% | $1,985 |
| Newton County | $292,673 | 0.89% | $1,986 |
| Catoosa County | $290,417 | 0.65% | $1,927 |
| Hart County | $310,321 | 0.56% | $1,905 |
| Franklin County | $287,015 | 0.72% | $1,944 |
| Carroll County | $286,340 | 0.61% | $1,918 |
| Oglethorpe County | $314,809 | 0.75% | $1,952 |
| Lamar County | $284,288 | 0.86% | $1,980 |
| Long County | $281,457 | 0.87% | $1,982 |
| White County | $319,293 | 0.65% | $1,926 |
114 of 159 Georgia counties tracked by Zillow have a typical home value at or below $300K. See all Georgia home prices.
Other prices in Georgia
Frequently asked questions
What is the mortgage on a $300K house in Georgia?
About $1,958 a month with 20% down at 7.11%: $1,614 principal and interest, $193 property tax and $150 insurance.
How much do I need to make to buy a $300K house in Georgia?
About $83,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $300K house in Georgia?
At Georgia's typical effective rate of 0.77%, about $2,320 a year. Rates vary by county and city — see the county pages.