Mortgage Payment Calculator

The real monthly cost of a mortgage — including property tax and insurance.

Home price ($) Down payment ($) Annual interest rate (%) Loan term (years) Annual property tax (% of home price) Home insurance per year ($)

Total monthly payment (PITI):

Principal & interest:

Property tax (monthly):

Insurance (monthly):

Total paid over full term:

Balance and cumulative interest

How to use this calculator

Enter the home price, down payment, rate, term, property tax percentage and yearly insurance, then press Calculate. Your full PITI payment (principal, interest, taxes, insurance) appears with a balance chart.

What the result means

The PITI total is the realistic monthly cost of owning. Lenders compare this to your income (typically wanting it under 28%) — it's the number that decides how much house you can afford.

Frequently asked questions

What is PITI?

PITI stands for Principal, Interest, Taxes and Insurance — the four parts of a full mortgage payment.

Why is my payment higher than principal and interest?

Because property tax and insurance are escrowed and added to the payment each month.