Tennessee · Real Estate Calculator
Home IQ
Enter your numbers below – all calculation tabs will update automatically
Your numbers
The property
$
The price you plan to offer
$
Check county assessor records
$
%
Negotiated in contract
%
Negotiated in contract
Used to calculate prepaid interest and prorated taxes
Financing
%
%
yrs
% /yr
Auto $0 when LTV ≤ 80%
Closing & credits
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$
Negotiated in contract
$
THDA or local program
$
Origination, underwriting, appraisal
mo
$
Cash on hand for down payment and closing costs
Budget & affordability
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Before taxes — used for DTI calculation
$
After taxes and deductions – what hits your bank account
$
Car, student loans, credit card minimums
$
Rent or current mortgage
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Estimates only. Not a loan commitment, pre-approval, or financial advice. Tennessee-specific closing costs applied. Verify all figures with your lender and title company.
Mortgage & Escrow
Monthly payment breakdown for $785,000 purchase
Total monthly PITI
$5,278
Principal · Interest · Tax · Insurance
Loan amount
$667,250
LTV 85% — PMI required
Down payment
$117,750
15.0% of purchase price
Principal & interest$4,383
Property tax (monthly escrow)$350
Homeowners insurance (monthly escrow)$267
PMI — drops when LTV reaches 80%$278
Total monthly payment$5,278
Annual total (PITI)
$63,337
Interest rate
6.9%
Loan term
30 yrs