CALCMONEY // MORTGAGE // TN // GERMANTOWN // 38119
ZIP CODE ANALYSISHyper-local mortgage data for ZIP 38119 in Germantown, TN.
$580,000
$464,000
$3,974
$170,324/yr
| Down Payment | Home Price | Loan Amount | Monthly P&I | Total Monthly | Rate |
|---|---|---|---|---|---|
| 10% Down | $580,000 | $522,000 | $3,438 | $4,356 | 6.9% |
| 20% Down | $580,000 | $464,000 | $3,056 | $3,974 | 6.9% |
| 25% Down | $580,000 | $435,000 | $2,865 | $3,783 | 6.9% |
Total monthly includes principal & interest, property tax (1.5% annual), and estimated homeowners insurance. PMI not included.
Germantown Border (ZIP 38119) sits within Germantown, Tennessee with a median home price of $580,000 — significantly above the Germantown city-wide median of $680,000. At 80% LTV, the typical loan of $464,000 remains within conforming loan limits, keeping conventional financing accessible.
Property taxes in ZIP 38119 run 1.5% annually, adding $725 per month on the median home. Median household income in this neighborhood is approximately $105,000, placing the price-to-income ratio at 5.5x. Tennessee has no state income tax, giving buyers here more purchasing power relative to equivalent salaries in income-tax states.