Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

38188 Mortgage Calculator

Estimate your true cost of homeownership in ZIP Code 38188 with localized property taxes, insurance, and utility data.

← Back to ZIP Code 38188 Hub
Est. Total Monthly Cost
$2,150
P&I Payment$1,501
Taxes & Ins$460
Utilities$190
Also calculate:FHA CalculatorVA Calculator

Next steps

Take this 38188 scenario further — you stay anonymous.

Track this scenarioSave it to My Scenarios and watch the rate over timeFind lenders for this scenarioSee top-ranked local lenders and request quotes

Mortgage Details

$282,798
Local Median: $282,798
$56,560 (20%)
%

Used with your down payment to fetch a live, scenario-specific rate.

Local Area Costs

Monthly$2,150

Monthly Breakdown

Principal & Interest
$1,501
Property Taxes
$335
Homeowners Ins.
$125
Utilities
$190

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$314,256

Local Housing Facts for ZIP Code 38188

  • ·Median home value: $282,798 (adjusted for current market conditions)
  • ·Est. property taxes: $4,020/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,494/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,275/yr — sourced from DOE LEAD survey data
  • ·Flood insurance: optional — toggled off by default, estimate based on FEMA risk profile

Frequently Asked Questions

How much are property taxes in MEMPHIS?

Based on the local median home value, estimated real estate property taxes in MEMPHIS are around $4,020 per year.

What is the average home price in MEMPHIS?

The median home value in MEMPHIS is currently estimated at $282,798.

How much does homeowners insurance cost in MEMPHIS?

For a median priced home, homeowners insurance in MEMPHIS averages around $1,494 annually.

What is the true total cost of owning a home in MEMPHIS?

True homeownership costs go beyond principal and interest. In MEMPHIS, a typical homeowner with a median-priced home of $282,798 can expect to pay roughly $4,020/yr in property taxes, $1,494/yr for homeowners insurance, and $2,275/yr in energy utilities. That adds approximately $649 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.