Mortgage Calculator
Estimate monthly mortgage payment including principal, interest, tax, and insurance.
$80,000 (20.0% of price)
Taxes & fees
Frequently Asked Questions
What is PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a typical monthly mortgage payment.
Does this include PMI?
Yes. When your down payment is under 20% (LTV > 80%), the calculator automatically adds Private Mortgage Insurance at 0.5% of the loan amount per year, a common industry default. Actual PMI rates vary from 0.3% to 1.5% depending on credit and LTV.
Are property taxes and insurance annual or monthly?
Enter both as annual dollar amounts. The calculator divides each by 12 for the monthly figure. HOA fees are entered as a monthly amount.