Mortgage Rates in Suwanee, Georgia — March 2026
Updated March 2026 | Based on Suwanee market data and regional lending conditions
Suwanee is a growing city in Georgia with a population of 21,803. The current 30-year fixed mortgage rate in Suwanee is 6.72%, which is 0.07% above the national average. With a median home price of $425,000 and a 20% down payment of $85,000, homebuyers can expect a monthly principal and interest payment of approximately $2,198.
Current Mortgage Rates in Suwanee, GA
Below are the current average mortgage rates available in the Suwanee 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 | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.32% | 6.25% | +0.07% |
| VA | 6.12% | 6.05% | +0.07% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Suwanee Housing Market Overview
The Suwanee housing market reflects moderate demand with prices near the national average. The median household income in Suwanee is $85,000, and the cost of living index is 102 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $108,171 to comfortably afford the median-priced home in Suwanee, which exceeds the current median household income.
Monthly Payment Breakdown for Suwanee
Based on the median home price of $425,000 with 20% down ($85,000), here is what you can expect to pay monthly in Suwanee:
15-Year vs. 30-Year Mortgage in Suwanee
Choosing a 15-year mortgage in Suwanee at 5.96% instead of a 30-year at 6.72% would save you $276,120 in total interest over the life of the loan. However, your monthly payment would be $2,862 instead of $2,198 — an increase of $664 per month.
Calculate Your Suwanee 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 Suwanee
What are the current mortgage rates in Suwanee, GA?
As of March 2026, the average 30-year fixed mortgage rate in Suwanee, Georgia is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.32% and VA loans 6.12%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Suwanee?
Based on the median home price of $425,000 with 20% down, the estimated monthly mortgage payment in Suwanee is $2,198 for principal and interest. Including property taxes of $326/month, the total monthly housing cost is approximately $2,524.
What income do I need to buy a home in Suwanee?
Using the 28% rule, you would need an annual income of approximately $108,171 to afford the median-priced home in Suwanee at $425,000. The median household income in Suwanee is $85,000. This means most households would need to either earn above the median or consider homes below $425,000.
Is Suwanee a good place to buy a home in 2026?
Suwanee has a moderate cost of living with a cost of living index of 102 (national average = 100). The property tax rate in Georgia is 0.92%, which is near the national average. Suwanee has a population of 21,803 and offers a balanced 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 Suwanee, Georgia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.