Down Payment Calculator for Georgia

Down Payment Planning in Georgia

With a median home value of $285,000 in Georgia, here's what different down payment tiers look like:

• 3% (First-time buyer programs): $8,600
• 3.5% (FHA minimum): $10,000
• 10% (Avoid PMI with some lenders): $28,500
• 20% (Eliminate PMI entirely): $57,000

Conforming Loan Limits in Georgia

The conforming loan limit in Georgia is $726,200. No Georgia counties currently qualify for high-cost conforming limits, though metro Atlanta values are approaching the threshold. If your loan exceeds this, you'll need jumbo financing, which typically requires a 20%+ down payment.

Closing Costs to Plan For

Beyond your down payment, budget for closing costs of around $3,100 in Georgia. Georgia charges an intangible recording tax of $1.50/$500 of mortgage amount and a transfer tax of $1/$1,000 of sale price. These add modest but meaningful costs at closing.

Property Tax Impact

Georgia's effective property tax rate is 0.90% (average annual bill: $2,027). A larger down payment reduces your monthly mortgage but property taxes remain constant regardless of how much you put down.

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