The phrase encompasses digital tools designed to estimate expenses associated with finalizing a real estate transaction within the state. These resources typically require users to input data such as the property’s purchase price, loan amount, and location. The calculation produces an approximation of expenses beyond the property’s price, including lender fees, title insurance, recording fees, and transfer taxes specific to Tennessee.
Such estimation tools provide value to prospective home buyers and sellers by fostering financial preparedness. By offering transparency into anticipated expenditures, users can budget more effectively and avoid potential financial surprises during the closing process. Historically, access to such information was limited, requiring direct consultation with real estate professionals. These digital tools democratize access to expense projections, empowering individuals to make more informed decisions.