Atlanta Mortgage Calculator
Estimate your monthly mortgage payment in Atlanta, GA. On the local median home value of $420,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,562. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$2,124
- Property Tax$322
- Home Insurance$117
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $25,485 | $3,756 | $21,729 | $332,244 |
| 2 | $25,485 | $4,007 | $21,478 | $328,237 |
| 3 | $25,485 | $4,275 | $21,210 | $323,962 |
| 4 | $25,485 | $4,562 | $20,923 | $319,400 |
| 5 | $25,485 | $4,867 | $20,618 | $314,533 |
| 6 | $25,485 | $5,193 | $20,292 | $309,340 |
| 7 | $25,485 | $5,541 | $19,944 | $303,799 |
| 8 | $25,485 | $5,912 | $19,573 | $297,886 |
| 9 | $25,485 | $6,308 | $19,177 | $291,578 |
| 10 | $25,485 | $6,731 | $18,754 | $284,848 |
| 11 | $25,485 | $7,181 | $18,304 | $277,666 |
| 12 | $25,485 | $7,662 | $17,823 | $270,004 |
| 13 | $25,485 | $8,175 | $17,310 | $261,829 |
| 14 | $25,485 | $8,723 | $16,762 | $253,106 |
| 15 | $25,485 | $9,307 | $16,178 | $243,799 |
| 16 | $25,485 | $9,930 | $15,555 | $233,868 |
| 17 | $25,485 | $10,596 | $14,889 | $223,273 |
| 18 | $25,485 | $11,305 | $14,180 | $211,968 |
| 19 | $25,485 | $12,062 | $13,423 | $199,905 |
| 20 | $25,485 | $12,870 | $12,615 | $187,035 |
| 21 | $25,485 | $13,732 | $11,753 | $173,303 |
| 22 | $25,485 | $14,652 | $10,833 | $158,652 |
| 23 | $25,485 | $15,633 | $9,852 | $143,019 |
| 24 | $25,485 | $16,680 | $8,805 | $126,339 |
| 25 | $25,485 | $17,797 | $7,688 | $108,542 |
| 26 | $25,485 | $18,989 | $6,496 | $89,553 |
| 27 | $25,485 | $20,261 | $5,224 | $69,293 |
| 28 | $25,485 | $21,617 | $3,868 | $47,675 |
| 29 | $25,485 | $23,065 | $2,420 | $24,610 |
| 30 | $25,485 | $24,610 | $875 | $0 |
Swipe the table sideways to see all columns →
How to use this calculator
The Home Price field is pre-filled with the median home value in Atlanta (about $420,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Georgia's average effective rate of 0.92%. Within Georgia, rates vary by county — if you know your specific local rate, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
Buying a median-priced home in Atlanta. At $420,000 with a 20% down payment, you'd bring $84,000 to closing (plus closing costs) and take out a $336,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $2,124.
Annual costs on top of the loan. Georgia's average property tax rate is 0.92%, so a median-priced Atlanta home generates approximately $3,864 in annual property tax (about $322/mo when paid through escrow). Homeowner's insurance in Georgia averages around $1,400/year.
Total monthly payment (PITI) on the median Atlanta home works out to about $2,562 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Frequently Asked Questions
Looking for a different city? Browse all cities. For Georgia-specific property taxes, see the Georgia Property Tax Calculator.