Calculate your full monthly mortgage payment including principal, interest, property tax, homeowners insurance, PMI, and HOA fees. Includes a complete amortization schedule.
Input the home price, your down payment amount or percentage, loan term, and interest rate.
Enter property tax, homeowners insurance, HOA fees and PMI rate for a complete PITI payment — or leave blank for a P+I estimate.
See your full monthly payment breakdown and complete month-by-month amortization schedule. Copy or download the results.
PITI stands for Principal, Interest, Taxes, and Insurance. It is the total monthly housing payment including your loan principal repayment, interest charges, property taxes, and homeowners insurance. Many calculators only show P+I — our calculator shows the full PITI so you know your true monthly cost.
PMI (Private Mortgage Insurance) is required by lenders when your down payment is less than 20% of the home price. It protects the lender if you default. PMI typically costs 0.5% to 1.5% of your loan amount annually. Once your equity reaches 20%, you can request PMI cancellation.
An amortization schedule shows every monthly payment broken down into principal and interest. In early years, most of each payment goes to interest. Over time, more goes to principal. Seeing this schedule helps you understand how your equity builds and how much total interest you pay.
A 30-year mortgage has lower monthly payments but costs significantly more in total interest. A 15-year mortgage has higher monthly payments but builds equity faster and saves tens of thousands in interest. Use our calculator to compare both scenarios for your specific loan amount.
A larger down payment reduces your loan amount, lowering monthly payments and total interest. It also eliminates PMI if you put down 20% or more. Putting down more than 5-10% also typically qualifies you for a lower interest rate, compounding the savings.
Use the rate from a lender pre-approval for the most accurate estimate. Otherwise, use current 30-year or 15-year average rates as a starting point. Note that your actual rate depends on your credit score, down payment, loan type, and lender.
Property tax is an annual tax charged by your local government, typically 0.5% to 2.5% of home value depending on your location. Enter your annual property tax amount or rate. The calculator spreads this monthly into your total PITI payment.
This calculator shows payments for new purchases. For refinancing, use our dedicated Refinance Calculator which compares your current loan against a new loan and calculates break-even months on closing costs.
