Finance PITI

Mortgage Calculator

Calculate your exact monthly mortgage payment including Principal, Interest, Taxes and Insurance (PITI). Full amortization schedule and payment breakdown chart included.

Home Price

$

Down Payment

$

Down %

%

Interest Rate

%

Loan Term

Annual Costs

Property Tax

$/yr

Insurance

$/yr

PMI (if down <20%)

%/yr

🏠

Enter your home details

Fill in price, down payment, rate and term to calculate your monthly payment.

$0

Total Monthly Payment (PITI)

Principal & Interest

Property Tax / mo

Insurance / mo

PMI / mo

Loan Amount

Total Interest

Total Cost of Home

Payment Breakdown

Amortization - First 12 Months

Month	Payment	Principal	Interest	Balance

Full Schedule & Extra Payments →

What is PITI?

PITI stands for Principal, Interest, Taxes and Insurance - the four components of a full monthly mortgage payment. Most lenders require all four to be included when assessing affordability.

Component	What it pays	Fixed or Variable
Principal	Reduces your loan balance	Fixed (grows over time)
Interest	Cost of borrowing the money	Fixed rate or ARM
Taxes	Property tax, held in escrow	Variable (reassessed annually)
Insurance	Homeowners insurance premium	Variable (annual renewal)
PMI	Private Mortgage Insurance (if down <20%)	Drops when equity reaches 20%

Mortgage Formula

P&I = L × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]

L = loan amount · r = monthly rate (annual rate ÷ 12) · n = total payments (years × 12)

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