CALCMONEY // MORTGAGE // GA // SAVANNAH
Calculate your monthly mortgage payment using Savannah-specific property tax rates and local market data.
$320,000
6.9%
0.98%
96
| Principal & Interest | $1,686 |
| Property Tax | $261 |
| Homeowners Insurance (est.) | $107 |
| Total Monthly Payment (PITI) | $2,054 |
$64,000
$350,966
$88,029/yr
The median home price in Savannah is $320,000, near the national median of $420,000. With a median household income of $58,000, the price-to-income ratio is 5.5x — meaning buyers typically spend 5.5 years of gross income on the purchase price.
Property taxes in Savannah run 0.98% of assessed value. On the median home, that is $3,136 per year, or $261 per month added to your mortgage payment. This is close to the national average of 1.1%.
Georgia has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Savannah is 96 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $256,000 loan saves $11,520 in interest over 30 years.
Compare Top Savannah Mortgage Lenders