Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.884%APR 6.900% | 0 pts$0 | $2,745/moP&I $2,745 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.936%APR 6.686% | 0 pts$0 | $2,724/moP&I $2,529 · MI $195 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.820%APR 5.855% | 0 pts$0 | $2,455/moP&I $2,455 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.712%APR 6.752% | 0 pts$0 | $2,697/moP&I $2,697 · MI $0 | See details |
| Investment Property FixedConforming | 7.250%APR 7.310% | 0 pts$0 | $2,848/moP&I $2,848 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,482/mo | $68,183 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $4,353/mo | $95,405 |
Condo 10% Down | 10% | 720 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,088/mo | $107,451 |
Conventional 10% Down | 10% | 720 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,088/mo | $107,451 |
Conventional 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,745/mo | $84,866 |
Conventional 5% Down | 5% | 700 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,260/mo | $113,421 |
Conventional Cash-Out Refi | 0% | 740 credit score | 6.712% | 6.752% | 0 pts ($0) | $3,372/mo | $113,555 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,088/mo | $104,633 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,328/mo | $120,364 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.712% | 6.752% | 0 pts ($0) | $3,372/mo | $113,555 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,306/mo | $102,672 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,051/mo | $106,812 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,162/mo | $110,686 |
FHA Streamline Refi | 0% | 640 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,162/mo | $110,686 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,260/mo | $117,882 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,265/mo | $63,922 |
Investment Property 25% Down | 25% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,573/mo | $79,562 |
Jumbo Conforming | 20% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,697/mo | $82,703 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,034/mo | $93,041 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,051/mo | $106,812 |
Second Home 10% Down | 10% | 720 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,088/mo | $107,451 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,745/mo | $84,866 |
VA 0% Down | 0% | 700 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,219/mo | $106,475 |
VA Cash-Out Refi | 0% | 640 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,219/mo | $106,475 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,219/mo | $106,475 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,872/mo | $90,845 |
Frequently Asked Questions
What are today's mortgage rates in Nashville-Davidson--Murfreesboro--Franklin, across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Nashville-Davidson--Murfreesboro--Franklin, is available on Safe Rate. Active program rates also include FHA 30-year fixed loans at a competitive rate and VA 0%-down fixed loans at a benchmark rate. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Nashville-Davidson--Murfreesboro--Franklin, ?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Nashville-Davidson--Murfreesboro--Franklin, have fluctuated between a low of a competitive range and a high of recent cyclical highs. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Nashville-Davidson--Murfreesboro--Franklin, ?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $521,850 in Nashville-Davidson--Murfreesboro--Franklin, , a standard 20%-down Conventional loan requires an upfront cash down payment of $104,370 but keeps your monthly payment lower at —/mo (at — interest) with no monthly PMI. In comparison, an FHA loan requires only $18,265 (3.5% down) but has an estimated payment of —/mo (at — interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $503,585 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Nashville-Davidson--Murfreesboro--Franklin before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Nashville-Davidson--Murfreesboro--Franklin is $806,501. With a typical local home value of $521,850 in , a standard 20%-down mortgage requires a loan size of $417,480. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Nashville-Davidson--Murfreesboro--Franklin, impact estimated mortgage payments?
The median home value in Nashville-Davidson--Murfreesboro--Franklin, is estimated at $521,850. Buying a typical home here with a standard 20% down payment ($104,370) translates to an estimated starting monthly mortgage payment of — (principal and interest). This serves as a key indicator of market entry costs, with property taxes and homeowners insurance contributing additional monthly escrow amounts.