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Tennessee Mortgage Calculator

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

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Est. Total Monthly Cost
$1,450
P&I Payment$960
Taxes & Ins$236
Utilities$254
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Mortgage Details

$180,506
Local Median: $180,506
$36,101 (20%)
%

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

Local Area Costs

Monthly$1,450

Monthly Breakdown

Principal & Interest
$960
Property Taxes
$159
Homeowners Ins.
$78
Utilities
$254

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$201,248

Local Housing Facts for Tennessee

  • ·Median home value: $180,506 (adjusted for current market conditions)
  • ·Est. property taxes: $1,902/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $935/yr — based on local per-$1K premium rates
  • ·Energy utilities: $3,047/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 Tennessee?

Based on the local median home value, estimated real estate property taxes in Tennessee are around $1,902 per year.

What is the average home price in Tennessee?

The median home value in Tennessee is currently estimated at $180,506.

How much does homeowners insurance cost in Tennessee?

For a median priced home, homeowners insurance in Tennessee averages around $935 annually.

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

True homeownership costs go beyond principal and interest. In Tennessee, a typical homeowner with a median-priced home of $180,506 can expect to pay roughly $1,902/yr in property taxes, $935/yr for homeowners insurance, and $3,047/yr in energy utilities. That adds approximately $490 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.