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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
$2,328
P&I Payment$1,886
Taxes & Ins$261
Utilities$181
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Mortgage Details

$359,465
Local Median: $359,465
$71,893 (20%)
%

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

Local Area Costs

Monthly$2,328

Monthly Breakdown

Principal & Interest
$1,886
Property Taxes
$143
Homeowners Ins.
$118
Utilities
$181

Amortization Schedule

Loan balance and total interest paid over 30 years.

Total Interest
$391,275

Local Housing Facts for Tennessee

  • ·Median home value: $359,465 (adjusted for current market conditions)
  • ·Est. property taxes: $1,710/yr — pre-loaded from county assessment data
  • ·Homeowners insurance (HO-3): $1,421/yr — based on local per-$1K premium rates
  • ·Energy utilities: $2,174/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 $1,710 per year.

What is the average home price in Tennessee?

The median home value in Tennessee is currently estimated at $359,465.

How much does homeowners insurance cost in Tennessee?

For a median priced home, homeowners insurance in Tennessee averages around $1,421 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 $359,465 can expect to pay roughly $1,710/yr in property taxes, $1,421/yr for homeowners insurance, and $2,174/yr in energy utilities. That adds approximately $442 per month in ongoing costs on top of your mortgage payment. Use our calculator above to model your exact all-in monthly cost.