VA Loan Calculator — Tennessee
An eligible VA borrower can buy the typical Tennessee home ($334,000) with no down payment. The 2.15% first-use funding fee ($7,181) is rolled into a $341,181 loan, and there is no monthly mortgage insurance — saving about $150 a month versus FHA MIP on the same home.
Tennessee has the 10th-lowest effective property tax rate of the 50 states at 0.52% — $1,303 less a year than the 0.91% state average on a $334,000 home. Homeowners insurance averages $2,958 a year, the 17th-highest premium nationally and $238 more than the typical state.
Loan Parameters
Total Monthly Payment
$2,668
Principal & Interest + Taxes + Insurance · no mortgage insurance
APR 7.242%
Total Interest
$478,457
Total Cost
$960,481
Advanced Parameters
Loan Summary
Payoff Date
Sep 2056
Interest / Principal
1.40x
Mortgage Insurance Ends
N/A
50% Equity
Jul 2048
Amortization Schedule
| Period | Payment | Principal | Interest | PMI | Balance | Equity |
|---|---|---|---|---|---|---|
| Year 1 | $27,321 | $3,446 | $23,875 | — | $337,735 | -$3,735 |
| Year 2 | $27,321 | $3,696 | $23,625 | — | $334,039 | -$39 |
| Year 3 | $27,321 | $3,964 | $23,357 | — | $330,075 | $3,925 |
| Year 4 | $27,321 | $4,252 | $23,069 | — | $325,823 | $8,177 |
| Year 5 | $27,321 | $4,561 | $22,760 | — | $321,262 | $12,738 |
| Year 6 | $27,321 | $4,892 | $22,429 | — | $316,370 | $17,630 |
| Year 7 | $27,321 | $5,247 | $22,074 | — | $311,123 | $22,877 |
| Year 8 | $27,321 | $5,628 | $21,693 | — | $305,495 | $28,505 |
| Year 9 | $27,321 | $6,037 | $21,284 | — | $299,458 | $34,542 |
| Year 10 | $27,321 | $6,475 | $20,846 | — | $292,983 | $41,017 |
| Year 11 | $27,321 | $6,945 | $20,376 | — | $286,037 | $47,963 |
| Year 12 | $27,321 | $7,450 | $19,871 | — | $278,587 | $55,413 |
| Year 13 | $27,321 | $7,991 | $19,330 | — | $270,597 | $63,403 |
| Year 14 | $27,321 | $8,571 | $18,750 | — | $262,026 | $71,974 |
| Year 15 | $27,321 | $9,193 | $18,128 | — | $252,833 | $81,167 |
| Year 16 | $27,321 | $9,861 | $17,460 | — | $242,972 | $91,028 |
| Year 17 | $27,321 | $10,577 | $16,744 | — | $232,395 | $101,605 |
| Year 18 | $27,321 | $11,345 | $15,976 | — | $221,051 | $112,949 |
| Year 19 | $27,321 | $12,168 | $15,153 | — | $208,882 | $125,118 |
| Year 20 | $27,321 | $13,052 | $14,269 | — | $195,831 | $138,170 |
| Year 21 | $27,321 | $14,000 | $13,322 | — | $181,831 | $152,169 |
| Year 22 | $27,321 | $15,016 | $12,305 | — | $166,815 | $167,185 |
| Year 23 | $27,321 | $16,106 | $11,215 | — | $150,708 | $183,292 |
| Year 24 | $27,321 | $17,276 | $10,045 | — | $133,432 | $200,568 |
| Year 25 | $27,321 | $18,530 | $8,791 | — | $114,902 | $219,098 |
| Year 26 | $27,321 | $19,876 | $7,445 | — | $95,026 | $238,974 |
| Year 27 | $27,321 | $21,319 | $6,002 | — | $73,707 | $260,293 |
| Year 28 | $27,321 | $22,867 | $4,454 | — | $50,840 | $283,160 |
| Year 29 | $27,321 | $24,527 | $2,794 | — | $26,313 | $307,687 |
| Year 30 | $27,326 | $26,313 | $1,013 | — | $0 | $334,000 |
VA Loan numbers for Tennessee
- Typical Tennessee home value
- $334,000
- 0% down ($0) · Zillow, August 31, 2026
- Loan amount
- $341,181
- Includes $7,181 financed funding fee
- Estimated monthly payment
- $2,668
- APR 7.242%
- Tennessee property tax
- 0.52%
- $145/mo
- Homeowners insurance
- $2,958/yr
- $247/mo
- VA funding fee (first use)
- 2.15% · $7,181
- Financed; exempt with VA disability compensation
- Monthly savings vs FHA MIP
- $150/mo
- Same $334,000 home, FHA at 3.5% down
How much house can you afford in Tennessee with a va loan?
Highest price where principal, interest, Tennessee property tax and insurance, with the 2.15% VA funding fee financed and no monthly mortgage insurance stay within 28% of gross income —0% down, 30-year fixed at 7.03%. Other debts lower these numbers.
| Household income | Housing budget / mo | Max home price | Down payment | vs typical home |
|---|---|---|---|---|
| $50,000 | $1,167 | $126,000 | $0 | 38% |
| $75,000 | $1,750 | $207,000 | $0 | 62% |
| $100,000 | $2,333 | $287,000 | $0 | 86% |
| $125,000 | $2,917 | $368,000 | $0 | 110% |
| $150,000 | $3,500 | $448,000 | $0 | 134% |
| $200,000 | $4,667 | $609,000 | $0 | 182% |
| $250,000 | $5,833 | $770,000 | $0 | 230% |
VA vs other loan types in Tennessee
$334,000 home, each program's typical minimum or default down payment, current average 30-year rate.
| Loan type | Down | Loan amount | Upfront fee | Monthly MI | Total / month | APR |
|---|---|---|---|---|---|---|
| Conventional | 10% · $33,400 | $300,600 | — | $180 PMI | $2,578 | 7.488% |
| FHA | 3.5% · $11,690 | $327,950 | UFMIP $5,640 | $150 MIP | $2,729 | 7.761% |
| VA | 0% · $0 | $341,181 | Funding fee $7,181 | $0 | $2,668 | 7.242% |
| JumboLoan is conforming (≤ $832,750) | 20% · $66,800 | $267,200 | — | $0 | $2,174 | 7.030% |
Frequently asked questions
What is the monthly payment on a $334,000 home with a va loan in Tennessee?
Estimated $2,668 per month ($2,277 principal & interest, $145 property tax, $247 insurance) at 7.03% for 30 years, with 0% down. APR 7.242%.
How much is the VA funding fee on a $334,000 Tennessee home?
$7,181 (2.15%) for a first-time user with no down payment. Putting 5% down lowers it to 1.5%, and 10% down to 1.25%.
Explore related calculators
Compare in Tennessee
VA Loan calculator in nearby states
- VA Loan calculator — Alabama ($2,027/mo)
- VA Loan calculator — Arkansas ($1,964/mo)
- VA Loan calculator — Georgia ($2,668/mo)
- VA Loan calculator — Kentucky ($2,069/mo)
- VA Loan calculator — Mississippi ($1,656/mo)
- VA Loan calculator — Missouri ($2,357/mo)
- VA Loan calculator — North Carolina ($2,728/mo)
- VA Loan calculator — Virginia ($3,271/mo)
Data sources & assumptions
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Weekly average as of September 24, 2026
- Zillow Home Value Index (ZHVI), typical home value, all homes — Default home prices; typical value as of August 31, 2026
- FHFA 2026 Conforming Loan Limit Values (one-unit) — 2026 one-unit limits, 56 states & territories
- Effective statewide property tax rate (Tax Foundation, 2026 projections) — Statewide effective rate; county rates vary
- Average annual homeowners premium, $300K dwelling / $1K deductible (industry survey averages) — Statewide average premium
- VA — Funding fee and closing costs
Estimates exclude lender origination fees, points and closing costs. See our methodology for formulas and limitations.