Tennessee · Real Estate Calculator
TN Home IQ
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I'm also selling a home
The property
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The price you plan to offer
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Check county assessor records
$
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Negotiated in contract
%
Negotiated in contract
Used to calculate prepaid interest and prorated taxes
Financing
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% /yr
Auto $0 when LTV ≤ 80%
Closing & credits
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Negotiated in contract
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THDA or local program
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Origination, underwriting, appraisal
mo
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Cash on hand for down payment and closing costs
Budget & affordability
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Before taxes — used for DTI calculation
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After taxes and deductions – what hits your bank account
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Car, student loans, credit card minimums
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Rent or current mortgage
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 $485,000 purchase
Total monthly PITI
$3,497
Principal · Interest · Tax · Insurance
Loan amount
$412,250
LTV 85% — PMI required
Down payment
$72,750
15.0% of purchase price
Principal & interest$2,708
Property tax (monthly escrow)$350
Homeowners insurance (monthly escrow)$267
PMI — drops when LTV reaches 80%$172
Total monthly payment$3,497
Annual total (PITI)
$41,960
Interest rate
6.9%
Loan term
30 yrs