Nashville, Tennessee Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Nashville inherits the Davidson County / Metro Nashville property-tax planning benchmark (~0.68%) for Middle Tennessee's largest market. On a $400,000 Nashville example with 20% down at 6.5% for 30 years, principal and interest are about $2,023; tax escrow at ~0.68% is about $227/mo, for estimated PITI near $2,350 before PMI. Confirm the parcel's overlapping districts before treating escrow as final.
Loan Details
$70,000 · LTV 80%
Buyer Profile
Extra Payment
Optional principal-only payment used to estimate payoff speed and interest savings.
Monthly Payment
$1,770 Principal & Interest · $198 Property Taxes · $125 Other
Methodology and limitations
Last reviewed:
Methodology
Uses standard principal-and-interest mortgage math, then models housing-cost inputs such as tax, insurance, PMI, and extra-payment scenarios where available. National pages include worked PITI, term, and PMI comparison examples for planning.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Nashville, Tennessee Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Tennessee · Davidson County
Nashville inherits the Davidson County / Metro Nashville property-tax planning benchmark (~0.68%) for Middle Tennessee's largest market. On a $400,000 Nashville example with 20% down at 6.5% for 30 years, principal and interest are about $2,023; tax escrow at ~0.68% is about $227/mo, for estimated PITI near $2,350 before PMI. Confirm the parcel's overlapping districts before treating escrow as final.
Use this mortgage calculator for Nashville, Tennessee to estimate the monthly payment with principal, interest, configured annual taxes, eligible exemptions, and assistance programs when the buyer profile matches the conditions.
What This Estimate Uses
- Geographic level: city
- Configured property tax rate: 0.68%
- Configured benefits or exemptions: 2
- Reviewed sources: 4
What Changes in Nashville, Tennessee
- Data level used: city. This page uses the most specific available data layer for Nashville, Tennessee.
- Configured combined annual property tax rate: 0.68% before exemptions and buyer-specific conditions are applied.
- Configured down payment assistance programs: THDA Great Choice Down Payment Assistance.
Local Tax Assumptions
These are the annual tax assumptions configured for this page. The calculator applies them to the appropriate value, then accounts for exemptions or conditions when the buyer selects them.
- Tennessee Local Property Tax - 0.680%
Programs and Exemptions Included
These benefits do not mean automatic approval. The calculator models them when the buyer inputs match the configured eligibility conditions.
- THDA Great Choice Down Payment Assistance - 5% of sale price, up to $15,000 (requires: first-time buyer, primary residence)
- Mortgage Credit Certificate (MCC) - 20% of mortgage interest (requires: first-time buyer, primary residence, buyer has a Mortgage Credit Certificate)
When This Estimate Can Change
- The actual property tax bill depends on the address, overlapping taxing jurisdictions, approved exemptions, and appraised value.
- Home insurance, flood insurance, HOA dues, and PMI can vary by property, lender, and buyer profile.
- Configured closing costs include Tennessee Real Estate Transfer Tax, Tennessee Mortgage Tax, but other settlement charges may appear on a real loan estimate.
2025 Local Home-Purchase Mortgage Market in Davidson County, Tennessee
Local home-purchase mortgage market context for Davidson County, Tennessee: in 2025 Home Mortgage Disclosure Act (HMDA) data, Davidson County logged 12,978 final-action applications. The mortgage denial rate was 7.46% and the originated share was 69.95%.
These figures reflect the county market, not the city alone.
| Metric | Davidson County | State |
|---|---|---|
| Final-action applications | 12,978 | 140,634 |
| Mortgage denial rate | 7.46% | 11.18% |
| Originated share | 69.95% | 65.01% |
Source: FFIEC HMDA 2025 (LAR modificado, compra de vivienda) · Texas vs California mortgage denial rates (methodology)
Nearby location comparison
Planning comparison on a $400,000 home with 20% down, 6.5% fixed for 30 years, and $100/mo insurance. Monthly tax uses each page's configured property tax rate.
| Location | Est. property tax rate | Est. monthly tax | Est. monthly PITI |
|---|---|---|---|
| Nashville (this page) | 0.68% | $227 | $2,349 |
| Hamilton County | 0.70% | $233 | $2,356 |
| Knox County | 0.64% | $213 | $2,336 |
| Rutherford County | 0.60% | $200 | $2,323 |
| Shelby County | 1.20% | $400 | $2,523 |
| Williamson County | 0.48% | $160 | $2,283 |
Local Data and Sources
Last editorial verification: May 15, 2026. This page combines the official data layers configured for Nashville, Tennessee.
The sources used on this page are Consumer Financial Protection Bureau mortgage cost guidance, Tennessee Comptroller property tax, Tennessee Department of Revenue mortgage and transfer taxes, Tennessee Housing Development Agency down payment assistance. Each source lists which rate, exemption, or program it validates and when it was last reviewed.
- Consumer Financial Protection Bureau mortgage cost guidance - verified May 3, 2026 - General U.S. mortgage closing-cost and mortgage-cost guidance.
- Tennessee Comptroller property tax - verified May 15, 2026 - Official source for Tennessee property assessment and local property-tax administration.
- Tennessee Department of Revenue mortgage and transfer taxes - verified May 15, 2026 - Official source for Tennessee recordation, transfer, and mortgage tax guidance.
- Tennessee Housing Development Agency down payment assistance - verified May 15, 2026 - Official THDA source for Great Choice down payment assistance options and limits.
Frequently Asked Questions
What Tennessee closing taxes are modeled?
The state estimate includes Tennessee real estate transfer tax on the sale price and mortgage tax on the loan amount. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.
What Tennessee assistance is modeled?
The state file models THDA down payment assistance as up to 5% of the sales price, capped at $15,000, for eligible first-time buyers. Use this state mortgage calculator to combine that assumption with principal, interest, insurance, and PMI, then drill into county or city pages when you have a specific address.
What is a sample Tennessee PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~0.65% statewide property-tax planning rate, monthly escrow is about $217; with $100 insurance, estimated PITI is about $2,340 without PMI. Drill into county or city calculators for address-level millage.
Why include Davidson County?
Davidson County contains Nashville, Tennessee's largest city-level mortgage search market. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.
What property tax rate does the Davidson County mortgage calculator use?
Davidson County uses a local planning benchmark of about 0.68% on this page. On a $400,000 home that is roughly $2,720 per year or $227 per month in escrow before exemptions or special districts. Parcel bills can still differ—verify the levy code on the address you are buying.
What is a sample Davidson County PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~0.68% property tax, monthly escrow is about $227; with $100 insurance, estimated PITI is about $2,350 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.
How does Davidson County compare with other Tennessee counties?
Davidson County's ~0.68% planning rate is only part of affordability—local prices drive most PITI differences. Compare Davidson, Shelby, Knox, or Williamson pages with the same down payment and rate. Use this county mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.
What property tax rate does the Nashville mortgage calculator use?
Nashville uses a Davidson County planning benchmark of about 0.68% on this page. On a $400,000 home that is roughly $2,720 per year or $227 per month in escrow before exemptions or special districts. Verify the levy code on the address you are buying.
What is a sample Nashville PITI on $400,000?
With 20% down at 6.5% for 30 years, principal and interest are about $2,023. At ~0.68% property tax, monthly escrow is about $227; with $100 insurance, estimated PITI is about $2,350 without PMI. Enter your real price and down payment above to resize the estimate, including PMI if you put less than 20% down.
What makes the Nashville mortgage estimate local?
Nashville uses Davidson County's ~0.68% Metro planning rate for tax escrow. Rapid price growth means P&I often dominates PITI—model taxes here, then compare Franklin if you are weighing core-county versus Williamson County suburbs. Use this city mortgage calculator to combine that local assumption with principal, interest, insurance, and PMI so your monthly PITI estimate is closer to a full housing payment before you talk to a lender.