Tennessee mortgage calculator

Tennessee
Mortgage
Calculator

Tennessee has no state income tax on wages and has seen explosive population growth in Nashville. Property taxes are low at 0.71%, making it an attractive destination for buyers leaving higher-cost states.

NashvilleMemphisKnoxvilleChattanoogaClarksville
0.71% avg property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$2,058
P&I · Taxes · Insurance
Total interest
$345,634
Principal & Interest$1,716/mo
Property Tax$201/mo
Homeowners Insurance$142/mo

Recommended for incomes above $90k/yr (28% DTI rule)

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0.71%
Tennessee avg property tax rate
$340,000
Tennessee median home price
$2,058
est. monthly payment at defaults

Tennessee property taxes

Tennessee property taxes are set by counties and cities. Davidson County (Nashville) and Shelby County (Memphis) have rates above the statewide average.

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