Tennessee Mortgage Calculator
Estimate your monthly payment in Tennessee — including property tax (0.55% effective rate), home insurance, and PMI. Pre-filled with Tennessee averages for 2026.
= $64,000 down
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Mortgage costs in Tennessee
The average Tennessee homeowner pays roughly $147/month in property tax on a median-priced home, plus about $150/month in home insurance. Property tax is billed by your county — actual rates vary from the state average, so check your county assessor's site for exact figures.
How much house can I afford in Tennessee?
A common rule is to keep total housing costs (PITI) under 28% of gross monthly income. At current rates, buying the median Tennessee home ($320,000) with 20% down requires roughly $83,875 in annual income.