When is PMI required?

Private Mortgage Insurance (PMI) is typically required on conventional loans when down payment is less than 20%.

15-year vs 30-year mortgage: which is better?

A 15-year loan has higher monthly payments but saves tens of thousands in total interest compared to 30-year loans.

Can I print or save the schedule?

Yes, export your complete amortization schedule with one click.

Popular

Mortgage Calculator

Calculate home loan mortgage payments including property tax, home insurance, and PMI fees.

Currency:

Home Purchase Price$400,000

Down Payment (20%)$80,000

Interest Rate6.5%

Annual Property Tax

Home Insurance (yr)

Monthly HOA

Total Monthly Payment (PITI + HOA)$2,523 /mo

Principal & Interest:$2,023

Property Tax:$400

Homeowners Insurance:$100

Why Choose Our Mortgage Calculator?

Principal & Interest calculation with down payment percentage slider

Optional Property Tax, Homeowner Insurance, and PMI (Private Mortgage Insurance) fields

Interactive payment breakdown donut chart

Full yearly and monthly loan balance amortization table

How to Use Mortgage Calculator in 4 Easy Steps

Enter Home Price

Input the property purchase price and your down payment.

Set Interest Rate & Term

Enter mortgage interest rate and loan term (15 or 30 years).

Add Taxes & Insurance

Include annual property tax and insurance estimates.

Review Total Monthly Payment

See your total PITI monthly payment and interest costs.

Frequently Asked Questions

PITI stands for Principal, Interest, Taxes, and Insurance — the four core components of a total monthly housing payment.

Popular Related Tools

All calculator tools

Popular

EMI Calculator

Calculate Equal Monthly Installments (EMI) for personal, car, or home loans with amortization schedule.

Use tool

Popular

SIP Calculator

Calculate returns and wealth growth on Systematic Investment Plans (SIP) with inflation adjustment.

Use tool

Finance

GST Calculator

Calculate Goods and Services Tax (GST/VAT) inclusive and exclusive amounts with standard rate slabs.

Use tool

Finance

PPP Calculator

Convert salaries and product prices across countries using Purchasing Power Parity exchange rates.

Use tool