Knoxville, Tennessee Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Knoxville inherits the Knox County benchmark for East Tennessee mortgage estimates and includes Tennessee transfer tax, mortgage tax, and THDA assistance assumptions.
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 · $187 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.
Limitations
Planning estimate only. Actual approval, escrow, PMI, fees, taxes, insurance, and closing disclosures depend on lender, property, borrower profile, and local rules.
Knoxville, Tennessee Mortgage Calculator - Monthly Payment with Taxes, PMI & Insurance
Tennessee · Knox County
Knoxville inherits the Knox County benchmark for East Tennessee mortgage estimates and includes Tennessee transfer tax, mortgage tax, and THDA assistance assumptions.
Use this mortgage calculator for Knoxville, 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: 0.64%
- Configured benefits or exemptions: 2
- Reviewed sources: 4
What Changes in Knoxville, Tennessee
- Data level used: city. This page uses the most specific available data layer for Knoxville, Tennessee.
- Configured combined annual property tax rate: 0.64% 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 - 0.640%
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 Knox County, Tennessee
Local home-purchase mortgage market context for Knox County, Tennessee: in 2025 Home Mortgage Disclosure Act (HMDA) data, Knox County logged 10,317 final-action applications. The mortgage denial rate was 9.89% and the originated share was 66.87%.
These figures reflect the county market, not the city alone.
| Metric | Knox County | State |
|---|---|---|
| Final-action applications | 10,317 | 140,634 |
| Mortgage denial rate | 9.89% | 11.18% |
| Originated share | 66.87% | 65.01% |
Source: FFIEC HMDA 2025 (LAR modificado, compra de vivienda) · Texas vs California mortgage denial rates (methodology)
Local Data and Sources
Last editorial verification: May 15, 2026. This page combines the official data layers configured for Knoxville, 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.
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.
Why include Knox County?
Knox County captures Knoxville and one of the strongest East Tennessee buyer markets.
What makes the Knoxville estimate local?
The page uses Knox County's property-tax benchmark instead of only Tennessee's statewide planning rate.
Does this mortgage calculator include taxes and insurance?
Yes. This calculator estimates your full monthly housing payment by combining principal and interest with property taxes, homeowners insurance, and PMI when your down payment is below 20%. The result reflects a PITI-style payment rather than principal and interest alone, which helps you compare homes and loan scenarios more realistically before talking to a lender.