Mortgage on a $350K house in Tennessee
$2,192 a month with 20% down — $1,884 principal and interest plus $133 property tax and $175 insurance.
Tennessee's typical property tax is 0.46% of the home's value a year (U.S. average 0.9%), which adds $133 a month on a $350K home. The typical home in Tennessee is worth $330,844, so $350K is 6% above the typical price.
$350K home in Tennessee: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $308 | $2,192 | $93,900 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $308 | $2,558 | $109,600 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $308 | $2,683 | $115,000 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $308 | $2,775 | $118,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.46% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in Tennessee does $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Hamilton County | $348,511 | 0.62% | $2,238 |
| Moore County | $355,337 | 0.45% | $2,190 |
| Trousdale County | $356,334 | 0.35% | $2,159 |
| Dickson County | $357,734 | 0.47% | $2,195 |
| Jefferson County | $334,422 | 0.43% | $2,183 |
| Fayette County | $367,601 | 0.33% | $2,156 |
| Robertson County | $369,103 | 0.47% | $2,196 |
| Bedford County | $326,906 | 0.48% | $2,198 |
| Knox County | $376,337 | 0.43% | $2,183 |
| Cannon County | $323,400 | 0.43% | $2,183 |
| Montgomery County | $318,644 | 0.61% | $2,235 |
| Marshall County | $318,501 | 0.48% | $2,199 |
79 of 95 Tennessee counties tracked by Zillow have a typical home value at or below $350K. See all Tennessee home prices.
Other prices in Tennessee
Frequently asked questions
What is the mortgage on a $350K house in Tennessee?
About $2,192 a month with 20% down at 7.11%: $1,884 principal and interest, $133 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Tennessee?
About $93,900 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Tennessee?
At Tennessee's typical effective rate of 0.46%, about $1,598 a year. Rates vary by county and city — see the county pages.