Tennessee mortgage calculator

This mortgage calculator will help you estimate the costs of your mortgage loan. Get a clear breakdown of your potential mortgage payments with taxes and insurance included.
Tennessee housing market
Tennessee, the Volunteer State, has seen home values rise by 9.2% in the past year, led by Northeast Tennessee. However, home prices still remain relatively low, the 16th lowest in the country, and the cost of ownership relatively low at 19% of monthly income. If you are looking to move from Nashville to Memphis, you'll be joined by the state's beloved Titans.
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Your monthly payment
$2,067
30 year fixed loan term
Principal and Interest
$1,631



What rate will you likely qualify for?Get personalized mortgage rates.
Principal and Interest
$1,631



What rate will you likely qualify for?Get personalized mortgage rates.
Compare common loan types
Total principal: $240,000
Loan Term
30-year fixed
Your Input
15-year fixed30-year fixed
Total Monthly Payment$2,067$2,511$2,067
Mortgage Rate7.211%6.381%*7.211%*
Total interest paid$347,117$133,498$347,117
* Data source: ©Zillow, Inc. 2006 - 2024. Use is subject to the Terms of Use
Amortization
See how your payments change over time for your 30-year fixed loan term
At year 0
30 year fixed loan term

Remaining
$240,000
Principal Paid
$0
Interest Paid
$0
Year 0
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1

30

Years

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Principal and Interest
$1,631

Loan term

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Next Door Lending LLC - PURCHASE logo
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5.0

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580

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Rocket Mortgage - PURCHASE logo
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Min. down payment 
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5.0

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5.0

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620

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New American Funding - PURCHASE logo
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on New American Funding

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4.5

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4.5

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500

Min. down payment 
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Veterans United - PURCHASE logo
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4.5

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Guaranteed Rate

5.0

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5.0

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3%

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Tennessee mortgage and refinance rates today (APR)

ProductInterest rateAPR
30-year fixed-rate7.069%7.151%
20-year fixed-rate6.909%7.014%
15-year fixed-rate6.176%6.306%
10-year fixed-rate6.281%6.518%
7-year ARM6.886%7.659%
5-year ARM6.818%7.806%
30-year fixed-rate FHA6.000%6.834%
30-year fixed-rate VA6.169%6.563%

Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use

Today's rate

7.151%
30-year fixed

Today’s mortgage rates in Tennessee are 7.151% for a 30-year fixed, 6.306% for a 15-year fixed, and 7.806% for a 5-year adjustable-rate mortgage (ARM).

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