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Calculate your monthly PITI mortgage payment including property tax, insurance, and HOA.
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI).
= $80,000
Monthly Payment (PITI)
$2,618.49
Principal, Interest, Tax & Insurance
Principal & Interest
$2,126.82
Loan Amount
$320,000
Total Interest Paid
$445,655
Total paid over 30 years: $765,655
Down Payment
$80,000
Property Tax / Mo
$366.67
Insurance / Mo
$125.00
HOA / Mo
$0.00
Payment Breakdown
Rate Comparison (30-Year Fixed)
| Rate | Monthly P&I | Total Interest |
|---|---|---|
| 6.00% | $1,918.56 | $370,682 |
| 6.50% | $2,022.62 | $408,142 |
| 6.99%You | $2,126.82 | $445,655 |
| 7.25% | $2,182.96 | $465,867 |
| 7.50% | $2,237.49 | $485,495 |
| 8.00% | $2,348.05 | $525,297 |
Disclaimer
Estimates are for educational purposes only. Actual payments depend on your lender, credit score, PMI requirements, escrow setup, and local tax/insurance rates. Consult a licensed mortgage professional.
Mortgage Payment Calculator computes the monthly P&I payment for any loan amount using a standard PMT formula, compares 30- and 15-year terms, and shows how your rate and down payment affect the payment.
Calculate your full monthly PITI payment (Principal, Interest, Taxes, Insurance) for any home price. Includes down payment options, rate comparison table, and HOA costs.
Enter the home price and your down payment amount or percentage
Set the interest rate and loan term (30, 20, 15, or 10 years)
Add property tax rate, annual insurance, and monthly HOA if applicable
See your full PITI breakdown and compare across different rates
Monthly P&I uses the standard PMT annuity formula: loan × r × (1+r)^n / ((1+r)^n − 1), where r = monthly rate and n = term in months. Loan = purchase price × (1 − down%). Property tax and insurance are not included. Rate assumptions are illustrative; actual rates vary by credit score and lender.
PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a full monthly mortgage payment. Lenders use your total PITI to calculate your debt-to-income ratio.
Using the 28% rule, your monthly PITI should not exceed 28% of your gross monthly income. For a $5,000/month income, that's $1,400/month max for housing costs.
As of 2026, average 30-year fixed rates are around 6.5–7.5%. A rate below the current average is generally considered good. Rates vary by credit score, down payment, and lender.
A 15-year mortgage has ~40% higher monthly payments than a 30-year but saves roughly half the total interest. A 30-year offers lower payments and more cash flow flexibility.
How much house can you afford? Uses the 28/36 lender rule with live mortgage rates.
Generate a full mortgage amortization schedule showing principal, interest, and balance for every year of your loan.
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