Mortgage on a $350K house in Georgia
$2,284 a month with 20% down — $1,884 principal and interest plus $226 property tax and $175 insurance.
Georgia's typical property tax is 0.77% of the home's value a year (U.S. average 0.9%), which adds $226 a month on a $350K home. The typical home in Georgia is worth $329,115, so $350K is 6% above the typical price.
$350K home in Georgia: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $401 | $2,284 | $97,900 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $401 | $2,651 | $113,600 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $401 | $2,776 | $119,000 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $401 | $2,867 | $122,900 |
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 $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Barrow County | $349,483 | 0.78% | $2,287 |
| Glynn County | $358,085 | 0.57% | $2,224 |
| Paulding County | $340,765 | 0.8% | $2,293 |
| Banks County | $338,852 | 0.6% | $2,233 |
| Monroe County | $335,556 | 0.7% | $2,261 |
| Effingham County | $334,444 | 0.9% | $2,322 |
| Dekalb County | $332,528 | 0.93% | $2,328 |
| Chatham County | $332,415 | 0.84% | $2,303 |
| Columbia County | $331,924 | 0.82% | $2,299 |
| Clarke County | $331,786 | 0.87% | $2,313 |
| Pike County | $371,698 | 0.87% | $2,313 |
| Harris County | $375,897 | 0.85% | $2,307 |
133 of 159 Georgia counties tracked by Zillow have a typical home value at or below $350K. See all Georgia home prices.
Other prices in Georgia
Frequently asked questions
What is the mortgage on a $350K house in Georgia?
About $2,284 a month with 20% down at 7.11%: $1,884 principal and interest, $226 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Georgia?
About $97,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Georgia?
At Georgia's typical effective rate of 0.77%, about $2,707 a year. Rates vary by county and city — see the county pages.