CalculatorsBuying
Monthly Payment
What a home would cost you each month: the loan payment, property tax, insurance, mortgage insurance and any HOA dues. It also shows the income that payment takes.
Estimated monthly payment
Estimates only. Not a loan approval, commitment, or offer to lend.
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). National average for the week of November 12, 2026. It is an average for conventional purchase loans, not an offer of credit and not an APR.
How we calculate this
- Loan payment. Principal and interest on a fixed-rate loan, paid monthly for the full term with no extra payments.
- Property tax. Estimated from the price you pay, not from the seller’s bill. Georgia taxes 40% of a home’s value, and the estimate applies the county’s tax rates to that amount, outside city limits. A home inside a city can also owe city tax, which this estimate leaves out.
- Homestead exemption. The payment shown is your first year, with no homestead exemption, which is the payment a lender sets up and qualifies you on. If you live in the home and file with the county in time, the exemption starts the January 1 after you buy, and the note under the result shows the lower payment.
- Charges on the tax bill. DeKalb and Gwinnett counties put charges for service on the property tax bill: sanitation and stormwater in DeKalb, solid waste in Gwinnett. They are not taxes, but a lender collects them with the tax, so the payment has its own line for them, a Terence Richardson Group estimate from each county’s published amounts. The City of Atlanta bills trash and recycling on its own bill, so that estimate is listed under the payment and is not part of it.
- Homeowners insurance. Estimated at 0.5% of the price a year. A quote for the home replaces it.
- Mortgage insurance. A monthly cost lenders add when you put less than 20% down on a conventional loan, priced by your credit score. FHA loans carry their own insurance; VA loans have none.
- Income it takes. The income before taxes at which your first-year house payment plus your other monthly debts fit the Standard budget for your loan type. Add your car, student loan and card payments under Adjust the details. Your lender’s own limit is the one that counts.
- Interest rate. Freddie Mac’s weekly national average for the week of November 12, 2026, shown as published. It is the average for conventional purchase loans with 20% down and good to excellent credit, so your own rate can differ. Enter your lender’s quote if you have one. Not an offer of credit and not an APR.
See the breakdown
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When you want these numbers checked against a real home, a real lender quote and your timing, start with a conversation. If now isn’t the time, Terence will tell you.
