Select your Scenario
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 | 6.833%APR 6.840% | 0 pts$0 | $2,848/moP&I $2,848 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.018%APR 6.762% | 0 pts$0 | $2,865/moP&I $2,662 · MI $203 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.901%APR 5.912% | 0 pts$0 | $2,583/moP&I $2,583 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.865%APR 6.872% | 0 pts$0 | $2,858/moP&I $2,858 · MI $0 | See details |
| Investment Property FixedConforming | 7.572%APR 7.580% | 0 pts$0 | $3,066/moP&I $3,066 · 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 | 5.901% | 5.912% | 0 pts ($0) | $3,651/mo | $72,139 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.870% | 5.881% | 0 pts ($0) | $4,555/mo | $100,300 |
Condo 10% Down | 10% | 720 credit score | 7.064% | 7.200% | 0 pts ($0) | $3,280/mo | $114,736 |
Conventional 10% Down | 10% | 720 credit score | 6.470% | 6.597% | 0 pts ($0) | $3,087/mo | $105,970 |
Conventional 20% Down | 20% | 740 credit score | 6.833% | 6.840% | 0 pts ($0) | $2,848/mo | $87,852 |
Conventional 5% Down | 5% | 700 credit score | 6.956% | 7.401% | 0 pts ($0) | $3,425/mo | $119,427 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.325% | 7.333% | 0 pts ($0) | $3,741/mo | $128,503 |
Conventional High Balance | 10% | 740 credit score | 6.981% | 6.985% | 0 pts ($0) | $3,253/mo | $110,571 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.538% | 6.878% | 0 pts ($0) | $3,350/mo | $120,045 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.865% | 6.872% | 0 pts ($0) | $3,572/mo | $120,954 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,492/mo | $107,093 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.018% | 6.762% | 0 pts ($0) | $3,211/mo | $112,728 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,298/mo | $115,452 |
FHA Streamline Refi | 0% | 640 credit score | 6.018% | 6.762% | 0 pts ($0) | $3,327/mo | $116,817 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.929% | 7.142% | 0 pts ($0) | $3,416/mo | $123,660 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,405/mo | $66,674 |
Investment Property 25% Down | 25% | 740 credit score | 7.572% | 7.580% | 0 pts ($0) | $2,875/mo | $91,459 |
Jumbo Conforming | 20% | 760 credit score | 6.810% | 6.814% | 0 pts ($0) | $2,842/mo | $87,550 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,165/mo | $97,047 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.027% | 6.771% | 0 pts ($0) | $3,214/mo | $112,873 |
Second Home 10% Down | 10% | 720 credit score | 6.037% | 6.585% | 0 pts ($0) | $2,949/mo | $99,590 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,863/mo | $88,521 |
VA 0% Down | 0% | 700 credit score | 6.040% | 6.258% | 0 pts ($0) | $3,348/mo | $110,609 |
VA Cash-Out Refi | 0% | 640 credit score | 6.049% | 6.391% | 0 pts ($0) | $3,351/mo | $110,760 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.067% | 6.194% | 0 pts ($0) | $3,358/mo | $111,060 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,995/mo | $94,757 |
Frequently Asked Questions
What are today's mortgage rates in Nashville-Davidson metropolitan government (balance), TN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Nashville-Davidson metropolitan government (balance), TN is 6.833% (with an estimated monthly payment of $2,600). Active program rates also include FHA 30-year fixed loans at 6.018% and VA 0%-down fixed loans at 6.040%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 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 Nashville-Davidson metropolitan government (balance), TN have fluctuated between a low of 6.487% and a high of 6.948%. 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 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 $544,322 in Nashville-Davidson metropolitan government (balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $108,864 but keeps your monthly payment lower at $2,600/mo (at 6.833% interest) with no monthly PMI. In comparison, an FHA loan requires only $19,051 (3.5% down) but has an estimated payment of $2,931/mo (at 6.018% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $525,271 exceeds the local HUD FHA limit of $524,225 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 Nashville-Davidson metropolitan government (balance) before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Nashville-Davidson metropolitan government (balance) is $806,501. With a typical local home value of $544,322 in , a standard 20%-down mortgage requires a loan size of $435,458. 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 Nashville-Davidson metropolitan government (balance), TN impact estimated mortgage payments?
The median home value in Nashville-Davidson metropolitan government (balance), TN is estimated at $544,322. Buying a typical home here with a standard 20% down payment ($108,864) translates to an estimated starting monthly mortgage payment of $2,600 (principal and interest). Compared to the local area median household income of $82,746 ($6,896/mo), this basic housing payment represents approximately 37.7% 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.