Tennessee closing cost calculator

Tennessee buyers pay the transfer tax of $0.37 per $100 (0.37%) and, when they finance, a mortgage tax of 0.115% of the loan above $2,000.

Tennessee’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

Tennessee: Recordation tax: 0.37% of the price, and the buyer usually pays it. Buyers also pay mortgage tax. Owner’s title is usually paid by the seller, though it varies.

Purchase price

$

The loan

Loan type

Down payment

Interest rate

%

Term

Estimated cash to close $74,705

2.3%closing costs

Purchase price$335,000
Down payment (20%)$67,000
- Loan amount$268,000
Loan costs+$3,380
- Origination and lender feesest.+$2,680
- Appraisalest.+$700
Title and closing+$1,350
- Lender’s title insuranceest.+$500
- Settlement or escrow feeest.+$600
- Recording feesest.+$250
Taxes−$1,556
- Recordation tax+$1,240
- Mortgage tax+$306
- Property tax credit from the sellerest.−$3,102
Prepaids and escrow+$4,081
- Homeowner’s insurance, first yearest.+$1,675
- Prepaid interest (27 days)est.+$1,289
- Property tax escrow (3 months)est.+$838
- Insurance escrow (2 months)est.+$279
Other costs+$450
- Home inspectionest.+$450
Cash to close$74,705

Estimated monthly payment$2,113

Principal and interest$1,694
Mortgage insurance$0
Property taxes$279
Insurance$140
HOA dues$0

An estimate, not a Loan Estimate or Closing Disclosure. Your lender's Loan Estimate and the title or escrow company give the final figures. Rates, fees and insurance vary by lender and property.

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A Tennessee purchase, worked out

The calculator opens on $335,000, about the median value of an owner-occupied home in Tennessee ($332,600, 2024 Census estimate), with 20% down on a 30-year conventional loan and a closing on December 5, 2026.

The buyer brings about $74,705: $67,000 down and $7,705 in closing costs, 2.3% of the price. Tennessee’s taxes on the buyer come to $1,546 of that: recordation tax $1,240, mortgage tax $306. The monthly payment comes to about $2,113, with property tax and insurance.

Cash to close on $335,000, 20% down
Down payment	$67,000
Origination and lender feesest.	+$2,680
Appraisalest.	+$700
Lender’s title insuranceest.	+$500
Settlement or escrow feeest.	+$600
Recording feesest.	+$250
Recordation tax	+$1,240
Mortgage tax	+$306
Property tax credit from the sellerest.	−$3,102
Homeowner’s insurance, first yearest.	+$1,675
Prepaid interest (27 days)est.	+$1,289
Property tax escrow (3 months)est.	+$838
Insurance escrow (2 months)est.	+$279
Home inspectionest.	+$450
Cash to close	$74,705

Estimates are tagged “est.”; Tennessee’s taxes follow its rules. A “−” is a credit, like the seller’s share of this year’s property tax where it’s paid after the year ends.

At other prices

Tennessee’s buyer taxes: the mortgage tax (0.115% of the loan). The buyer usually pays the recordation tax too. Each row has 20% down on a conventional loan.

Price	Tennessee’s buyer taxes	Closing costs	Cash to close	Monthly payment
$250,000	$1,153	$6,675	$56,675	$1,597
$500,000	$2,308	$10,268	$110,268	$3,153
$750,000	$3,463	$14,313	$164,313	$4,730
$1,000,000	$4,618	$18,418	$218,418	$6,307
$2,000,000	$9,238	$34,837	$434,837	$12,613

Buying in Tennessee: what to know

Taxes buyers pay

Tennessee buyers pay the 0.37% transfer tax and a mortgage tax of $0.115 per $100 of the loan after the first $2,000. On a $400,000 home with a $320,000 loan that is $1,480 and $365.70.

Recordation tax

Tennessee’s realty transfer tax is $0.37 per $100 (0.37%) of the price or the property’s value, whichever is greater, and by law and custom the buyer pays it, $1,480 on a $400,000 home. There’s no local transfer tax.

Title insurance

Who pays for the owner’s policy is set in the Tennessee purchase agreement. Buyer-paid is common in many markets, but confirm with your agent and title company.

Who runs the closing

Title companies or attorneys close Tennessee sales. An attorney isn’t required.

Property taxes and escrow

Tennessee taxes the calendar year, payable starting in October and delinquent March 1 of the next year, so they are generally paid in arrears and the seller credits the buyer.

Buying in Tennessee: questions

How much is the transfer tax for buyers in Tennessee?

Tennessee buyers pay $0.37 per $100 of the price or value, whichever is greater. On a $400,000 home that is $1,480.

Is there a mortgage tax in Tennessee?

Yes. Tennessee charges $0.115 per $100 of the loan after the first $2,000, paid by the borrower. A $320,000 loan pays $365.70.

Do I need an attorney to buy in Tennessee?

No. Tennessee closings are handled by title companies or attorneys, and either works.

How much are closing costs in Tennessee?

On a $335,000 home with 20% down on a conventional loan, the calculator’s estimates put a Tennessee buyer’s closing costs at about $7,705, or 2.3% of the price, and cash to close at $74,705. Tennessee’s taxes on the buyer come to $1,546 of that: recordation tax $1,240, mortgage tax $306. Lender fees, insurance and the rate vary, so put in your lender’s Loan Estimate for a closer number.

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