Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Atlanta mortgage calculator
A median-priced Atlanta, GA home at 6.75% over 30 years, with Georgia property tax of 0.9% and $2,100 a year of homeowners insurance. Every figure below is computed on our amortising engine — nothing is estimated in the browser.
$3,194 a month, all in
Principal and interest are $2,517; escrow and PMI add the rest. Over the full term the loan costs $518,129 in interest. Discounted at 5%, buying here has a net present value of $142,143 ($452,801 in today’s dollars).
Within Georgia, Atlanta is the most expensive of the 6 Georgia markets covered here. Prices here run 2.08x those in Columbus, the cheapest market listed, so a statewide average badly understates what a purchase costs on this side of the state.
Atlanta carries a premium over the rest of Georgia: a median home here runs $431,250, about 25% above the state median of $345,000. The deposit moves with it, so the same 20% down is $86,250 rather than $69,000.
A price-to-rent ratio of 16.0 puts Atlanta in the middle of the range, where the rent-vs-buy answer is decided by how long you stay and what the deposit would otherwise earn.
Monthly cost in Atlanta vs comparable rent
Owning is stacked by component; renting is the local median asking rent.
The monthly breakdown
| Median home price | $431,250 |
|---|---|
| Down payment (10%) | $43,125 |
| Loan amount | $388,125 |
| Principal & interest | $2,517/mo |
| Property tax (0.9%) | $323/mo |
| Homeowners insurance | $175/mo |
| PMI while above 80% LTV | $178/mo |
| Total monthly payment | $3,194/mo |
| Comparable rent | $2,250/mo |
What a rate move does to the Atlanta payment
| Rate | Principal & interest |
|---|---|
| 5.5% | $2,204/mo |
| 6% | $2,327/mo |
| 6.5% | $2,453/mo |
| 7% | $2,582/mo |
| 7.5% | $2,714/mo |
| 8% | $2,848/mo |
Rent or buy in Atlanta?
Against $2,250 a month in rent, over 7 years renting leaves you about $35,264 better off — $29,666 once 2.5% inflation is stripped out. See the Georgia rent-vs-buy page.
Where these numbers come from
Georgia medians come from editorial and are refreshed weekly. The Atlanta figures index those state medians to the local market, so they track the same feed rather than going stale. Insurance and the state income tax rate are editorial. Treat everything here as a planning estimate, not a quote.