PITI stands for Principal, Interest, Taxes, and Insurance. It represents the four main components of a monthly mortgage payment. Our calculator estimates all four to give you a complete picture of your housing costs.

How is a mortgage payment calculated?

The principal and interest portion of a mortgage payment is calculated with a standard amortization formula. The total payment is found by adding the monthly cost of property taxes and homeowners insurance to that amount.

Mortgage Calculator (with PITI & Amortization)

Home Price

Interest Rate (%)

Down Payment ($)

Down Payment (%)

Loan Term (Years)

Annual Property Tax ($)

Annual Insurance ($)

Mortgage Calculator

Your Estimated Monthly Payment

Loan Breakdown