Closing Costs for Tennessee (2026)
Tennessee (TN) Key Facts
Average Closing Cost Rate
2.8%
Estimated Closing Costs ( Median Home)
$8,680
Attorney Required at Closing
No
Median Home Price
$310,000
Transfer Tax
Varies by locality
How This Calculator Works in Tennessee
This closing costs calculator estimates the total amount you will need at closing when buying a home in Tennessee. It uses the state's average closing cost rate of 2.8% as a baseline and lets you adjust for your specific purchase price and situation. Understanding these costs in advance helps you budget effectively and avoid surprises at the closing table.
Tennessee Overview
Closing costs in Tennessee average about 2.8% of the home's purchase price—roughly $8,680 on the median home of $310,000. Tennessee does not require an attorney at closing, though hiring one may still be wise for complex deals. Transfer taxes in Tennessee are: $0.37 per $100 (state transfer tax).
How Tennessee Compares
Tennessee's average closing cost rate of 2.8% is in the middle range nationally. Neighboring North Carolina averages 2.8%, while Virginia averages 2.8%. States with attorney requirements and higher transfer taxes tend to have elevated closing costs overall.
| State | Top Rate | Notes |
|---|---|---|
| North Carolina | 2.8% | Average closing costs are 2.8% of the home price, approximately $9,100 on the median home. Attorney not required at closing. |
| Virginia | 2.8% | Average closing costs are 2.8% of the home price, approximately $10,640 on the median home. Attorney required at closing. |
| Georgia | 3% | Average closing costs are 3% of the home price, approximately $9,600 on the median home. Attorney required at closing. |
Closing costs in Tennessee average 2.8% of the home price, or about $8,680 on the median-priced home of $310,000. The national average for closing costs is typically 2-5% of the purchase price. Tennessee falls in the mid-range nationally.
Tips for Tennessee Residents
- 1Budget approximately 2.8% of the purchase price for closing costs in Tennessee, which comes to about $8,680 on the median home of $310,000. This is in addition to your down payment and moving expenses.
- 2Tennessee does not require an attorney at closing, though hiring one may still be wise for complex deals. Consider retaining an attorney for transactions involving liens, estate sales, or unusual contract terms in Tennessee.
- 3Transfer taxes in Tennessee: $0.37 per $100 (state transfer tax). Make sure you know who is customarily responsible (buyer or seller) in your county, as local practice varies.
- 4Shop at least three lenders for your Loan Estimate in Tennessee. Origination fees, discount points, and third-party charges can differ by $1,000 or more between lenders on the same loan amount.
- 5Ask about first-time homebuyer programs in Tennessee that may offer closing cost assistance, grants, or below-market interest rates. Many state and county housing finance agencies provide such programs. Since Tennessee has no state income tax, buyers often have more take-home pay to allocate toward closing costs.
Frequently Asked Questions
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