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Closing Costs: Newnan, GA

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Newnan, Georgia.

Median Home Price
$345K
Population
44K
Avg Monthly Rent
$1,380
Property Tax Rate
0.92%
Newnan vs Georgia Median
The median home price in Newnan is $345,000, which is roughly in line with the Georgia state median of $340,000.

Mortgage Calculator — Newnan, GA

Pre-filled with Newnan median home price and Georgia tax/insurance rates. Adjust for your property.

$
$69,000
%
%
years
GA avg
%
$
Monthly Payment (PITI)
$2,192
Principal + Interest + Tax + Insurance + PMI
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Principal & Interest
$1,745
per month
Taxes & Insurance
$448
per month
Total Interest Paid
$352K
over 30 years
Total Loan Cost
$628K
all payments
Payment Breakdown
Loan Amount$276,000
Principal & Interest$1,745
Property Taxes$265
Homeowners Insurance$183
Total Monthly PITI$2,192

Closing Costs — Newnan, GA

Estimated closing costs based on Georgia rates and fees applied to Newnan prices.

$
%
Georgia: Avg closing costs 1.5% of price. Transfer tax: 0.1%.
Estimated Closing Costs
$11,412
3.3% of purchase price
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Lender Fees
$2,909
origination, underwriting
Third-Party
$3,175
appraisal, title, inspection
Government Fees
$345
transfer taxes, recording
Prepaids + Escrow
$4,983
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,484
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,025
Recording Fee$150
Transfer Tax$345
Prepaid Taxes (3 mo)$794
Prepaid Insurance (12 mo)$2,200
Prepaid Interest (15 days)$829
Escrow Reserves$1,160
Total Closing Costs$11,412

Buying a Home in Newnan, Georgia

The median home price in Newnan is $345,000, roughly in line with the Georgia state median of $340,000. With a population of 43,512, Newnan is a smaller market where home prices reflect strong demand and local economic factors.

Property taxes in Georgia average 0.92% annually. This moderate property tax rate means a $345,000 home in Newnan would carry roughly $265/month in property taxes. Homeowners insurance in Georgia runs approximately $2,200 per year. This is within the normal range nationally.

Average rent in Newnan is $1,380/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.

Newnan presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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Compare total costs of renting vs buying in Newnan.
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