Looking to buy a home? You’re in the right place.

Use our Mortgage Calculator to explore loan options and monthly payments. Then scroll through the tips below to understand your loan types, down payments, insurance, and available assistance in Georgia—including Clayton County DPA programs.

Whether you're buying your first home or getting back into the market, this page is designed to give you the smart, local insights you need to move forward confidently.

 
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If you're unsure where to start, I can connect you with trusted local lenders and help you navigate loan programs and down payment assistance options that best fit your goals.

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Traditionally, buyers aim to put down 20% of the home’s price, but many loan programs allow for as little as 3% to 5% down. Your down payment reduces the size of your mortgage—so putting more down can lower your monthly payments or allow you to qualify for a more expensive home.

Good news: You don’t have to do it alone! Georgia and Clayton County offer down payment assistance (DPA) programs to make homeownership more affordable.

Your mortgage term affects both your monthly payment and total interest paid. Common options include:

30-Year Fixed – Lower payments, more interest over time
15-Year Fixed – Higher payments, less interest overall
Other flexible terms may be available—run the numbers in the calculator to compare!

There are two main types of mortgage loans:

Fixed-Rate Mortgage – Your rate and monthly payment stay the same for the life of the loan. Great for long-term stability.
Adjustable-Rate Mortgage (ARM) – Starts with a lower rate for the first few years, then adjusts annually. Ideal if you plan to move or refinance soon.
Example: A 5/1 ARM keeps the same rate for 5 years, then adjusts yearly.

The calculator is pre-filled with an average rate, but your actual rate depends on factors like your credit score, down payment, loan type, and lender. A lower rate means lower monthly payments.

Estimated property taxes are included in your monthly mortgage payment. These vary by location and can be edited in the calculator’s advanced settings.

Most lenders require homeowners insurance to protect your home and their investment. This cost is also editable in the advanced options of the calculator.

If your home is part of a homeowners association (HOA), you’ll need to budget for monthly fees. HOA fees cover amenities, services, and maintenance and are included in your mortgage calculation.

Homebuyers in Georgia have access to generous DPA programs that can significantly reduce upfront costs:

Georgia Dream Homeownership Program

For first-time buyers or those who haven’t owned a home in 3 years
Offers up to $10,000 in down payment and closing cost assistance
Minimum credit score of 640 required
Must complete a homebuyer education course
Hardest Hit Fund (HHF) DPA

Up to $15,000 available for eligible homebuyers
Targeted at specific counties, including Clayton County
Funds are limited and offered on a first-come, first-served basis

Buying in Clayton County, GA? You may qualify for localized down payment assistance:

Clayton County Homebuyer Assistance Program

Offers $5,000–$10,000 in assistance
Designed for low-to-moderate-income homebuyers
Must purchase a home within Clayton County
Homebuyer education required (HUD-certified course)
How to Apply:

Work with an approved lender or housing counselor
Submit documentation showing income, credit, and completion of homebuyer education
Funds are limited and time-sensitive