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Tennessee Affordability Calculator

Find out how much house you can afford in Tennessee, where the median home price is $340K and the average property tax rate is 0.56%.

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You Can Afford
$293KStretching
Based on 28/36 rule with your income and debts
Conservative Target
$249K
15% below max
Max Monthly Housing
$1,983
28% of gross
Your DTI Ratio
33.6%
Within guidelines
Down Payment
17.1%
$50,000 saved
Budget Breakdown
Gross Monthly Income$7,083
28% Housing Limit$1,983
Existing Debts−$400
Available for Housing$1,983
Max Loan Amount$242,985
+ Down Payment+$50,000
Max Purchase Price$292,985

Tennessee Housing at a Glance

Median Home Price
$340K
Tennessee statewide
Property Tax Rate
0.56%
$159/mo on median
Avg Closing Costs
$5K
1.5% of purchase price
Homeowners Insurance
$2,400/yr
$200/mo
Tennessee First-Time Buyer Program
THDA Great Choice Home Loan
Down payment assistance: Up to $25,000 DPA
← All Tennessee mortgage info

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