Tennessee Mortgage Calculator
Estimate your monthly mortgage payment in Tennessee based on the state median home price of $340K, a 0.56% property tax rate, and $2K/year homeowners insurance.
$68,000
TN avg
Principal & Interest
$1,719
per month
Taxes & Insurance
$359
per month
Total Interest Paid
$347K
over 30 years
Total Loan Cost
$619K
all payments
Payment Breakdown
Loan Amount$272,000
Principal & Interest$1,719
Property Taxes$159
Homeowners Insurance$200
Total Monthly PITI$2,078
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