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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.862%APR 6.897% | 0 pts$0 | $3,011/moP&I $3,011 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.996%APR 6.765% | 0 pts$0 | $3,013/moP&I $2,799 · MI $214 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.934%APR 5.983% | 0 pts$0 | $2,732/moP&I $2,732 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.893%APR 6.928% | 0 pts$0 | $3,021/moP&I $3,021 · MI $0 | See details |
| Investment Property FixedConforming | 7.570%APR 7.610% | 0 pts$0 | $3,231/moP&I $3,231 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.934% | 5.983% | 0 pts ($0) | $3,857/mo | $76,474 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.887% | 5.936% | 0 pts ($0) | $4,806/mo | $106,000 |
Condo 10% Down | 10% | 720 credit score | 7.088% | 7.254% | 0 pts ($0) | $3,466/mo | $121,307 |
Conventional 10% Down | 10% | 720 credit score | 6.556% | 6.710% | 0 pts ($0) | $3,283/mo | $113,030 |
Conventional 20% Down | 20% | 740 credit score | 6.862% | 6.897% | 0 pts ($0) | $3,011/mo | $92,998 |
Conventional 5% Down | 5% | 700 credit score | 6.983% | 7.460% | 0 pts ($0) | $3,620/mo | $126,321 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.306% | 7.344% | 0 pts ($0) | $3,936/mo | $135,115 |
Conventional High Balance | 10% | 740 credit score | 7.013% | 7.046% | 0 pts ($0) | $3,440/mo | $117,041 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.768% | 7.142% | 0 pts ($0) | $3,616/mo | $130,383 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.893% | 6.928% | 0 pts ($0) | $3,776/mo | $127,971 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,734/mo | $112,877 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.996% | 6.765% | 0 pts ($0) | $3,376/mo | $118,444 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,476/mo | $121,688 |
FHA Streamline Refi | 0% | 640 credit score | 6.133% | 6.904% | 0 pts ($0) | $3,550/mo | $125,144 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.957% | 7.199% | 0 pts ($0) | $3,610/mo | $130,799 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,589/mo | $70,275 |
Investment Property 25% Down | 25% | 740 credit score | 7.570% | 7.610% | 0 pts ($0) | $3,029/mo | $96,373 |
Jumbo Conforming | 20% | 760 credit score | 7.051% | 7.084% | 0 pts ($0) | $3,069/mo | $95,612 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,336/mo | $102,289 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.371% | 7.146% | 0 pts ($0) | $3,513/mo | $124,796 |
Second Home 10% Down | 10% | 720 credit score | 6.012% | 6.585% | 0 pts ($0) | $3,100/mo | $104,581 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,018/mo | $93,302 |
VA 0% Down | 0% | 700 credit score | 5.993% | 6.235% | 0 pts ($0) | $3,511/mo | $115,755 |
VA Cash-Out Refi | 0% | 640 credit score | 6.000% | 6.366% | 0 pts ($0) | $3,514/mo | $115,879 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.018% | 6.169% | 0 pts ($0) | $3,520/mo | $116,196 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,157/mo | $99,875 |
Frequently Asked Questions
What are today's mortgage rates in 37228, Nashville-Davidson Metropolitan Government (Balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 37228, Nashville-Davidson Metropolitan Government (Balance), TN is 6.862% (with an estimated monthly payment of $2,668). Active program rates also include FHA 30-year fixed loans at 5.996% and VA 0%-down fixed loans at 5.993%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 37228, Nashville-Davidson Metropolitan Government (Balance), TN?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 37228, Nashville-Davidson Metropolitan Government (Balance), TN have fluctuated between a low of 6.483% and a high of 6.944%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 37228, Nashville-Davidson Metropolitan Government (Balance), TN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $573,721 in 37228, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $114,744 but keeps your monthly payment lower at $2,668/mo (at 6.862% interest) with no monthly PMI. In comparison, an FHA loan requires only $20,080 (3.5% down) but has an estimated payment of $2,992/mo (at 5.996% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $553,641 exceeds the local HUD FHA limit of $541,287 for a 1-unit property, meaning entry-level buyers here will likely require conventional financing or a larger down payment to comply with government limits.
What is the maximum conforming loan limit in 37228 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 37228 is $806,501. With a typical local home value of $573,721 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $458,977. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 37228, Nashville-Davidson Metropolitan Government (Balance), TN impact estimated mortgage payments?
The median home value in 37228, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $573,721. Buying a typical home here with a standard 20% down payment ($114,744) translates to an estimated starting monthly mortgage payment of $2,668 (principal and interest). Compared to the local area median household income of $61,053 ($5,088/mo), this basic housing payment represents approximately 52.4% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.