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Mortgage Calculator

Calculate your full monthly mortgage payment including principal, interest, property taxes, insurance, and PMI (PITI).

FREE PITI BREAKDOWN INSTANT
%

Optional: Taxes & Insurance (annual amounts)

Total Monthly Payment (PITI)
$
P&I
$
Tax
$
Insurance
$
PMI
$
Loan Amount
$
Total Payment
$
Total Interest
$

📖 How to Use

  1. 1

    Enter the home price and your down payment (dollar amount or percentage).

  2. 2

    Enter the interest rate and select your loan term (15, 20, 25, or 30 years).

  3. 3

    Optionally add annual property tax, insurance, and PMI for a full PITI payment.

  4. 4

    Click Calculate Mortgage to see your full monthly payment breakdown.

❓ FAQ

PITI stands for Principal, Interest, Taxes, and Insurance. It represents the total monthly cost of your mortgage including all major expenses.
For conventional loans, PMI can be removed once you have 20% equity in your home. You can request removal at 20% equity, and lenders must automatically remove it at 22% equity.
A 15-year mortgage has higher monthly payments but much lower total interest. A 30-year mortgage has lower monthly payments but you pay significantly more in interest over the life of the loan.

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💡 Mortgage Tip

Putting 20% down eliminates PMI, which can save you $100–$300/month. Even if you can't hit 20%, a larger down payment reduces your total interest paid.

Typical Rates (2026)

30-year fixed6.5–7.0%
15-year fixed5.8–6.3%
5/1 ARM5.5–6.5%

Rates vary by lender, credit score, and market conditions.