Tennessee (TN) · South Real Estate Profile
Tennessee Mortgage Payment & Property Tax Guide
Calculate your exact monthly housing expense in Tennessee. In Tennessee, the effective statewide property tax rate averages 0.64% and homeowners insurance averages 0.62% of home market value. Explore 25 pre-calculated loan scenarios below.
Effective Property Tax0.64%
Homeowners Insurance0.62%
Median Home Price$320,000
Conforming Loan Limit$766,550
Property Tax Context for Tennessee: At 0.64%, a median-priced home of $320,000 pays roughly $2,048 per year in property taxes ($171/month). Millage rates vary across counties and municipalities.
Companion Tax Engine
View Tennessee Tax Tables →Check Take-Home Pay Across All 50 States on AfterTaxMath
See exact net salary, state income tax withholding, and FICA deductions for Tennessee residents.
Monthly Payment Benchmarks in Tennessee (30-Year Fixed at 6.50%%)
Estimated monthly PITI payments assuming 20% down payment and standard 28% DTI underwriting:
| Loan Amount | Est. Home Value | 30-Yr P&I | TN Property Tax | Total PITI/mo | Required Salary | Details |
|---|---|---|---|---|---|---|
| $150,000 | $187,500 | $948/mo | $100/mo | $1,145/mo | $49,000/yr | View schedule → |
| $250,000 | $312,500 | $1,580/mo | $167/mo | $1,908/mo | $82,000/yr | View schedule → |
| $350,000 | $437,500 | $2,212/mo | $233/mo | $2,672/mo | $114,000/yr | View schedule → |
| $450,000 | $562,500 | $2,844/mo | $300/mo | $3,435/mo | $147,000/yr | View schedule → |
| $550,000 | $687,500 | $3,476/mo | $367/mo | $4,198/mo | $180,000/yr | View schedule → |
| $750,000 | $937,500 | $4,741/mo | $500/mo | $5,725/mo | $245,000/yr | View schedule → |
| $1,000,000 | $1,250,000 | $6,321/mo | $667/mo | $7,633/mo | $327,000/yr | View schedule → |
Browse all 25 loan amounts in Tennessee
Select any loan principal to view detailed amortization, rate sensitivity, and DTI requirements:
$100k in TN$763/mo$150k in TN$1,145/mo$200k in TN$1,527/mo$250k in TN$1,908/mo$300k in TN$2,290/mo$350k in TN$2,672/mo$400k in TN$3,053/mo$450k in TN$3,435/mo$500k in TN$3,817/mo$550k in TN$4,198/mo$600k in TN$4,580/mo$650k in TN$4,962/mo$700k in TN$5,343/mo$750k in TN$5,725/mo$800k in TN$6,107/mo$850k in TN$6,488/mo$900k in TN$6,870/mo$950k in TN$7,252/mo$1 million in TN$7,633/mo$1.1 million in TN$8,396/mo$1.2 million in TN$9,160/mo$1.3 million in TN$9,923/mo$1.4 million in TN$10,686/mo$1.5 million in TN$11,450/mo$2 million in TN$15,266/mo
Explore neighboring South states
Compare mortgage payment benchmarks and property taxes across neighboring South jurisdictions:
Alabama (0.40% tax)View guide →Arkansas (0.62% tax)View guide →District of Columbia (0.57% tax)View guide →Florida (0.86% tax)View guide →Georgia (0.88% tax)View guide →Kentucky (0.83% tax)View guide →
Closing Costs & Transfer Tax in Tennessee
Recordation tax is $0.37 per $100 ($3.70 per $1,000); mortgage indebtedness tax is $0.115 per $100 on debt over $2,000.