Mortgage Payment Calculator
Analyze the total monthly cost of home ownership including taxes and insurance.
Configuration
Calculation Results
Visual Breakdown
Formula & Logic
Combines monthly principal and interest payments with monthly distributions for taxes and insurance:
Repayment Examples
Standard Suburban Home Purchase
A $400,000 home with 20% down, 6.5% interest rate, 1.2% tax, and $1,200 annual insurance results in a total monthly payment of $2,522.42.
Frequently Asked Questions
What does PITI stand for?
PITI stands for Principal, Interest, Taxes, and Insurance. It represents the four fundamental components of a monthly mortgage payment.
Calculating just the principal and interest of your mortgage is not enough. Property taxes and homeowners insurance are persistent costs that must be paid as long as you own the home. Use this calculator to see your true monthly commitment.
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