Current Avg. Rates: 6.46% 30-yr fixed|5.77% 15-yr fixed
Source: Freddie Mac Primary Mortgage Market Survey
Source: Freddie Mac Primary Mortgage Market Survey
Tennessee Mortgage Calculator
Calculate your estimated mortgage payment for a home in Tennessee. Pre-filled with Tennessee's average home price of $320,000, property tax rate of 0.64%, and typical insurance costs.
$320,000
Avg. Home Price
0.64%
Property Tax Rate
$2,100
Avg. Annual Insurance
Your Monthly Payment (PITI)
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Principal + Interest + Tax + Insurance
Monthly Breakdown
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Property Tax
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Insurance
Loan Overview
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Total Interest
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Payoff Date
Bi-Weekly Option
? Pay half your monthly payment every two weeks — you'll make 26 half-payments (13 full payments) per year instead of 12
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Bi-Weekly Payment
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Total Interest
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Payoff Date
Tennessee Mortgage at a Glance
| Average home price | $320,000 |
| Property tax rate | 0.64% ($2,048/year) |
| Average insurance | $2,100/year |
| Est. monthly PITI | $1,964 (20% down, 6.5%) |
| Total interest (30yr) | $326,514 |
| Income needed (28% rule) | $84,161/year |
Tennessee has no state income tax, and Nashville’s housing market has grown significantly, though it remains more affordable than comparable cities like Austin.
Tennessee Cities
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