Full Mortgage Payment (PITI) Calculator
Most quotes only show principal and interest, which is why the real bill feels higher. Slide the home price, down payment, rate, and the carrying costs to watch your full monthly payment take shape. The breakdown shows exactly where each dollar goes.
How this math works
PITI stands for principal, interest, taxes, and insurance, the four core parts of a mortgage payment. We compute principal and interest from the loan amount, rate, and term, then add the property tax and home insurance divided by 12 plus any monthly HOA fee. The result is the full amount that leaves your account each month.
When your down payment is under 20 percent, lenders usually require private mortgage insurance, so we add PMI at about 0.7 percent per year of the loan. Reaching a 20 percent down payment removes that cost entirely, which is often the single biggest lever on your monthly number.
Common questions
What does PITI mean?
PITI is principal, interest, taxes, and insurance. It captures far more of your real monthly cost than a principal-and-interest quote alone, and we also fold in HOA and PMI when they apply.
When do I pay PMI?
Private mortgage insurance is generally required when your down payment is below 20 percent. We estimate it at roughly 0.7 percent of the loan per year, and it drops off once you reach 20 percent equity.
Are taxes and insurance exact?
No, they are estimates based on the rates you enter. Actual property tax and insurance vary by location and property, so treat the total as a close planning figure rather than a final quote.
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