Loan Details

Home Price ($)

Down Payment ($)

Loan Term (Years)

Interest Rate (%)

Property Tax / Year ($)

Home Insurance / Year ($)

Your Monthly Payment

Principal & Interest

Property Tax

Insurance

Total Monthly

Total Interest

Loan Term

30 years

Loan Summary

Loan Amount $240,000

Down Payment $60,000

Interest Rate 6.5%

Monthly P&I $0

Principal & Interest $0

Property Tax $0

Home Insurance $0

Total Monthly Payment $0

Common Loan Terms

PITI Calculation

Includes Principal, Interest, Taxes, and Insurance for accurate monthly payment

Visual Breakdown

See how your payment splits between principal, interest, taxes, and insurance

PDF Reports

Download professional mortgage reports for your records

Frequently Asked Questions

What is PITI?

PITI stands for Principal, Interest, Taxes, and Insurance. It's the total monthly mortgage payment including all these components.

How is mortgage interest calculated?

Interest is calculated monthly on the remaining loan balance. Early payments have more interest, later payments have more principal.

What down payment do I need?

Conventional loans typically require 5-20% down. FHA loans allow 3.5% down. VA and USDA loans may offer 0% down for eligible buyers.

Should I include taxes & insurance?

Yes! Most lenders escrow taxes and insurance, so they're part of your monthly payment. Including them gives you the true monthly cost.

What loan term should I choose?

30-year terms have lower monthly payments but more total interest. 15-year terms have higher payments but save on interest.

Is this calculator free?

100% free! No registration, no hidden costs. Use it as many times as you need for all your mortgage calculations.

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Mortgage Calculator - Calculate Your Monthly Home Payment

Our Mortgage Calculator PRO helps you accurately calculate your monthly mortgage payment including principal, interest, property taxes, and home insurance (PITI). Whether you're buying your first home, refinancing, or comparing loan options, this calculator provides instant results.

How it works: Enter your home price, down payment, loan term, interest rate, property tax, and insurance. The calculator instantly shows your monthly payment breakdown, total interest, and loan summary.

Perfect for: Home buyers, real estate investors, homeowners refinancing, real estate agents, and financial planners. Make informed decisions about your largest investment.