Mortgage Payment Calculator
Principal, interest, tax and insurance in one monthly figure.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Total monthly payment
- $2,547.62
- Principal & interest
- $2,022.62
- Taxes & insurance
- $525.00
- Loan amount
- $320,000.00
- Total interest over term
- $408,142.36
Quick answer
A monthly mortgage payment (PITI) is the amortised principal and interest plus one twelfth of the annual property tax and home insurance.
PITI = P·r/(1 − (1+r)^−n) + tax/12 + insurance/12
How to use the Mortgage Payment Calculator
- 1Enter the price and your down payment.
- 2Add the rate, term, yearly tax and insurance.
- 3Read the full PITI payment.
Frequently asked questions
What is PITI?
Principal, interest, taxes and insurance — the four parts of a typical monthly mortgage payment held in escrow by the lender.
Is PMI included?
No. Private mortgage insurance usually applies below 20% down and adds roughly 0.5–1.5% of the loan per year.