Mortgage Rates in Cumming, Georgia — March 2026
Updated March 2026 | Based on Cumming market data and regional lending conditions
Cumming is a growing city in Georgia with a population of 7,553. The current 30-year fixed mortgage rate in Cumming is 6.72%, which is 0.07% above the national average. With a median home price of $251,000 and a 20% down payment of $50,200, homebuyers can expect a monthly principal and interest payment of approximately $1,298.
Current Mortgage Rates in Cumming, GA
Below are the current average mortgage rates available in the Cumming area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.97% | 5.89% | +0.08% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.49% | 6.25% | +0.24% |
| VA | 6.24% | 6.05% | +0.19% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Cumming Housing Market Overview
The Cumming housing market offers relatively affordable housing compared to many major cities. The median household income in Cumming is $53,500, and the cost of living index is 85.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $63,429 to comfortably afford the median-priced home in Cumming, which exceeds the current median household income.
Monthly Payment Breakdown for Cumming
Based on the median home price of $251,000 with 20% down ($50,200), here is what you can expect to pay monthly in Cumming:
15-Year vs. 30-Year Mortgage in Cumming
Choosing a 15-year mortgage in Cumming at 5.97% instead of a 30-year at 6.72% would save you $162,900 in total interest over the life of the loan. However, your monthly payment would be $1,691 instead of $1,298 — an increase of $393 per month.
Calculate Your Cumming Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Cumming
What are the current mortgage rates in Cumming, GA?
As of March 2026, the average 30-year fixed mortgage rate in Cumming, Georgia is 6.72%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Cumming?
Based on the median home price of $251,000 with 20% down, the estimated monthly mortgage payment in Cumming is $1,298 for principal and interest. Including property taxes of $182/month, the total monthly housing cost is approximately $1,480.
What income do I need to buy a home in Cumming?
Using the 28% rule, you would need an annual income of approximately $63,429 to afford the median-priced home in Cumming at $251,000. The median household income in Cumming is $53,500. This means most households would need to either earn above the median or consider homes below $251,000.
Is Cumming a good place to buy a home in 2026?
Cumming offers a below-average cost of living with a cost of living index of 85.9 (national average = 100). The property tax rate in Georgia is 0.87%, which is near the national average. Cumming has a population of 7,553 and offers a very affordable lifestyle.
Mortgage Rates in Other Georgia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Cumming, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.