Tennessee Closing Costs Calculator
Estimate closing costs for buying a home in Tennessee. Average closing costs run 1.5% of the purchase price (about $5K on the median home).
Tennessee: Avg closing costs 1.5% of price. Transfer tax: 0.37%.
Lender Fees
$2,873
origination, underwriting
Third-Party
$3,150
appraisal, title, inspection
Government Fees
$1,258
transfer taxes, recording
Prepaids + Escrow
$4,569
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,448
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$2,000
Recording Fee$150
Transfer Tax$1,258
Prepaid Taxes (3 mo)$476
Prepaid Insurance (12 mo)$2,400
Prepaid Interest (15 days)$817
Escrow Reserves$876
Total Closing Costs$11,850
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