This article contains links to products or services from one or more of our advertisers or partners. We may receive a commission when you click or make a purchase using our site. Learn more about how we make money.

Closing costs in Tennessee

See how much you might have to shell out in closing costs when you buy or sell a home in this state.

Updated . What changed?

Fact checked

The average closing cost in Tennesee is $3,745 after taxes, or approximately 1.25% to 1.87% of the final home sale price.

Closing cost stats in Tennesee

Across the state, the average home sells for between $200,000 and $300,000. If you buy a property in that range, expect to pay between $2,497 and $5,618 in closing costs after taxes.

Data Value
Average home sale price $200,000 to $300,000
Average total closing cost $3,745
Expected closing cost range $2,497 to $5,618
Percentage of closing cost to home sale price 1.25% to 1.87%
Remember, these averages are based on sample data. Your closing costs may vary based on your lender, the size of your loan and whether or not you're paying in cash.

Compare more mortgage lenders

Name Product Loan products offered State availability Min. credit score
Better.com
(NMLS #330511)
Better.com
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
620
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
loading

Compare up to 4 providers

How much does tax affect the closing cost?

Buyers and sellers in Tennesee pay an average of $1,170 in tax combined for the closing. This accounts for 31.24% of the total average closing cost in Tennesee.

Value
Average tax paid $1,170
Percentage of total closing cost 31.24%

How do closing costs in Tennesee compare nationally?

The closing costs for buying a home in Tennesee are above the national average after accounting for taxes. It’s 32 in our rankings which rates states from lowest to highest closing cost.

Average total closing cost in Tennesee Ranking*
Before taxes $2,575 10
After taxes $3,745 32

*Ranked from lowest to highest of the 50 states plus Washington DC

Bottom line

Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Tennesee.

To save on your home loan, consider comparing the fees and rates of top lenders before signing.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site