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Mortgage Calculator &
Closing Costs: Knoxville, TN

Mortgage payment estimates, closing cost breakdowns, and homebuying data for Knoxville, Tennessee.

Median Home Price
$315K
Population
191K
Avg Monthly Rent
$1,320
Property Tax Rate
0.56%
Knoxville vs Tennessee Median
The median home price in Knoxville is $315,000, which is 7% below the Tennessee state median of $340,000.

Mortgage Calculator — Knoxville, TN

Pre-filled with Knoxville median home price and Tennessee tax/insurance rates. Adjust for your property.

$
$63,000
%
%
years
TN avg
%
$
Monthly Payment (PITI)
$1,940
Principal + Interest + Tax + Insurance + PMI
Principal & Interest
$1,593
per month
Taxes & Insurance
$347
per month
Total Interest Paid
$321K
over 30 years
Total Loan Cost
$573K
all payments
Payment Breakdown
Loan Amount$252,000
Principal & Interest$1,593
Property Taxes$147
Homeowners Insurance$200
Total Monthly PITI$1,940

Closing Costs — Knoxville, TN

Estimated closing costs based on Tennessee rates and fees applied to Knoxville prices.

$
%
Tennessee: Avg closing costs 1.5% of price. Transfer tax: 0.37%.
Estimated Closing Costs
$11,323
3.6% of purchase price
Lender Fees
$2,693
origination, underwriting
Third-Party
$3,025
appraisal, title, inspection
Government Fees
$1,166
transfer taxes, recording
Prepaids + Escrow
$4,439
taxes, insurance, interest
Itemized Costs
Loan Origination (0.8%)$2,268
Underwriting Fee$350
Credit Report$75
Appraisal$550
Home Inspection$450
Title Search + Insurance$1,875
Recording Fee$150
Transfer Tax$1,166
Prepaid Taxes (3 mo)$441
Prepaid Insurance (12 mo)$2,400
Prepaid Interest (15 days)$757
Escrow Reserves$841
Total Closing Costs$11,323

Buying a Home in Knoxville, Tennessee

The median home price in Knoxville is $315,000, 7% below the Tennessee state median of $340,000. With a population of 190,740, Knoxville is a mid-size city where home prices tend to be more accessible than in many parts of Tennessee.

Property taxes in Tennessee average 0.56% annually. This low property tax rate is a significant advantage for Knoxville buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Tennessee runs approximately $2,400 per year. This is within the normal range nationally.

Average rent in Knoxville is $1,320/month. The price-to-rent ratio in Knoxville is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.

Knoxville presents moderate affordability. The $315K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.

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