Atlanta vs Nashville: Mortgage Cost Comparison
Thinking about buying in Atlanta or Nashville? Here's a side-by-side comparison of mortgage costs in both cities.
$2,505
Atlanta PITI
$2,610
Nashville PITI
$105/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Atlanta vs Nashville: Full Mortgage Comparison
Buying a home in Atlanta is $105/month cheaper based on average home prices and local costs.
| Atlanta, GA | Nashville, TN | |
|---|---|---|
| Avg. Home Price | $390,000 | $430,000 |
| Down Payment (20%) | $78,000 | $86,000 |
| Loan Amount | $312,000 | $344,000 |
| Property Tax Rate | 1.05% | 0.68% |
| Annual Property Tax | $4,095 | $2,924 |
| Annual Insurance | $2,300 | $2,300 |
| Monthly P&I | $1,972 | $2,174 |
| Monthly PITI | $2,505 | $2,610 |
| Total Interest (30yr) | $397,939 | $438,753 |
What Drives the Difference?
Home prices are the biggest factor — Nashville’s average home costs $40,000 more than Atlanta’s.
Property taxes also favor Nashville — Atlanta’s 1.05% rate is higher than Nashville’s 0.68%.
Insurance is $0/year more in Nashville.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Atlanta | Nashville | |
|---|---|---|
| Monthly PITI | $2,505 | $2,610 |
| Income needed | $107,356 | $111,842 |
Try Your Own Numbers
The calculator above is pre-filled with Atlanta’s averages. Adjust the values to match your situation, or try the Nashville calculator for Nashville-specific numbers.