Mortgage Payment Calculator
Estimate the full monthly cost of a home loan. Enter the price, down payment, and rate — then add taxes, insurance, and HOA to see your true PITI payment.
Monthly payment breakdown
How you compare
Yearly amortization schedule
How each year of payments splits between interest and principal.
What rate are Americans actually locked into?
Share of all outstanding U.S. mortgages by interest rate — your rate band is highlighted. Move the rate above to see where you’d sit.
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Get quotesWhat PITI means
Lenders think in PITI: Principal, Interest, Taxes, and Insurance. The loan payment is only part of the story — property taxes, homeowner's insurance, HOA dues, and any mortgage insurance can add hundreds a month. This calculator shows the full picture so you budget for the real number.
How it’s calculated
Loan = price × (1 − down %). P&I = loan × r ÷ (1 − (1 + r)^−n). The total monthly payment (PITI) adds property tax, insurance, and HOA.
Results update as you type and are estimates, not professional advice — verify important decisions with a qualified professional.
Worked example
A $400k home, 20% down at 6.5% over 30 years is ~$2,023 P&I; with taxes and insurance the full payment is higher.
Common mistakes
- Budgeting for P&I only and ignoring taxes, insurance, and HOA.
- Forgetting PMI when the down payment is under 20%.
Where it is used
- Estimating a full monthly housing payment.
- Seeing how the down payment changes the loan.
Frequently asked questions
Does this include PMI?
Not separately — if your down payment is under 20%, add private mortgage insurance into the insurance field.
Why is my payment higher than principal and interest?
Taxes, insurance, and HOA are bundled into most monthly payments through an escrow account.
How do I lower the payment?
A larger down payment, longer term, or lower rate all reduce the monthly figure — though a longer term raises total interest.
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