Nashville Mortgage Calculator 2026
Estimate your monthly mortgage payment in Nashville, TN. On the local median home value of $445,000 — with a 20% down payment at today's rates — expect a total monthly payment (principal, interest, taxes, and insurance) of about $2,595. Adjust every input for your situation.
Monthly Breakdown
- Principal & Interest$2,250
- Property Tax$211
- Home Insurance$133
Amortization Schedule
| Year | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $27,002 | $3,979 | $23,023 | $352,021 |
| 2 | $27,002 | $4,246 | $22,756 | $347,775 |
| 3 | $27,002 | $4,530 | $22,472 | $343,245 |
| 4 | $27,002 | $4,833 | $22,169 | $338,412 |
| 5 | $27,002 | $5,157 | $21,845 | $333,255 |
| 6 | $27,002 | $5,502 | $21,500 | $327,753 |
| 7 | $27,002 | $5,871 | $21,131 | $321,882 |
| 8 | $27,002 | $6,264 | $20,738 | $315,618 |
| 9 | $27,002 | $6,684 | $20,318 | $308,934 |
| 10 | $27,002 | $7,131 | $19,871 | $301,803 |
| 11 | $27,002 | $7,609 | $19,393 | $294,194 |
| 12 | $27,002 | $8,118 | $18,884 | $286,076 |
| 13 | $27,002 | $8,662 | $18,340 | $277,414 |
| 14 | $27,002 | $9,242 | $17,760 | $268,172 |
| 15 | $27,002 | $9,861 | $17,141 | $258,311 |
| 16 | $27,002 | $10,522 | $16,480 | $247,789 |
| 17 | $27,002 | $11,226 | $15,776 | $236,563 |
| 18 | $27,002 | $11,978 | $15,024 | $224,585 |
| 19 | $27,002 | $12,780 | $14,222 | $211,805 |
| 20 | $27,002 | $13,636 | $13,366 | $198,168 |
| 21 | $27,002 | $14,549 | $12,453 | $183,619 |
| 22 | $27,002 | $15,524 | $11,478 | $168,095 |
| 23 | $27,002 | $16,563 | $10,439 | $151,532 |
| 24 | $27,002 | $17,673 | $9,329 | $133,859 |
| 25 | $27,002 | $18,856 | $8,146 | $115,003 |
| 26 | $27,002 | $20,119 | $6,883 | $94,884 |
| 27 | $27,002 | $21,467 | $5,535 | $73,417 |
| 28 | $27,002 | $22,904 | $4,098 | $50,513 |
| 29 | $27,002 | $24,438 | $2,564 | $26,075 |
| 30 | $27,002 | $26,075 | $927 | $0 |
Swipe the table sideways to see all columns →
How to use it
A two-minute guide.
The Home Price field is pre-filled with the median home value in Nashville (about $445,000). Override with your target home's actual price to get a payment estimate for that specific property.
The Property Tax Rate is pre-filled with Davidson County's effective rate of 0.57% — the county-level average for owner-occupied homes in Nashville. If you know your specific rate from a recent tax bill, override it for a more precise estimate.
Adjust the Down Payment slider to see how your payment changes. Below 20% down triggers PMI; the calculator adds it automatically and shows a warning.
Scroll down for the full PITI breakdown, monthly payment pie chart, and complete month-by-month amortization schedule.
How it works
The math behind the result.
Buying a median-priced home in Nashville. At $445,000 with a 20% down payment, you'd bring $89,000 to closing (plus closing costs) and take out a $356,000 mortgage. At a 6.50% interest rate on a 30-year fixed loan, your monthly principal + interest is roughly $2,250.
Annual costs on top of the loan. Homes in Nashville are taxed through Davidson County, where the effective property tax rate averages 0.57% — so a median-priced Nashville home generates approximately $2,536 in annual property tax (about $211/mo when paid through escrow). Homeowner's insurance in Tennessee averages around $1,600/year.
Total monthly payment (PITI) on the median Nashville home works out to about $2,595 per month at current rates, assuming a 20% down payment and no HOA. If you're putting less than 20% down, add PMI to this — typically 0.5–1.5% of the loan balance per year.
Rates change; this is the math, not the offer. Mortgage rates fluctuate daily. Our default of 6.50% is a recent conventional 30-year benchmark — enter today's quoted rate from your lender for the most accurate payment estimate.
Questions
Frequently asked.
Looking for a different city? Browse Tennessee mortgage rates or use our main mortgage calculator. For Tennessee-specific property taxes, see our Tennessee Property Tax Calculator.
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