Mortgage Payment Calculator
Principal, interest, tax and insurance in one monthly figure.
Enter your values
Enter the home price in $.
Enter the down payment in $.
Enter the interest rate in %.
Enter the term in years.
Enter the annual property tax in $.
Enter the annual home insurance in $.
Results update instantly as you type — no submit needed. Your values are remembered on this device, and the shareable link reopens the calculator with exactly these numbers.
- Total monthly payment
- $2,547.62
- Principal & interest
- $2,022.62
- Taxes & insurance
- $525.00
- Loan amount
- $320,000.00
- Total interest over term
- $408,142.36
Quick answer
A monthly mortgage payment (PITI) is the amortised principal and interest plus one twelfth of the annual property tax and home insurance.
PITI = P·r/(1 − (1+r)^−n) + tax/12 + insurance/12
At a glance
| What it does | Principal, interest, tax and insurance in one monthly figure. |
|---|---|
| Category | Finance |
| Inputs needed | Home price, Down payment, Interest rate, Term, Annual property tax, Annual home insurance |
| Main output | Total monthly payment |
| Formula | PITI = P·r/(1 − (1+r)^−n) + tax/12 + insurance/12 |
| Cost | Free — no sign-up, no download |
How to use the Mortgage Payment Calculator
- 1Enter the price and your down payment.
- 2Add the rate, term, yearly tax and insurance.
- 3Read the full PITI payment.
Inputs explained
- Home price($)
- Enter the home price in $.
- Down payment($)
- Enter the down payment in $.
- Interest rate(%)
- Enter the interest rate in %.
- Term(years)
- Enter the term in years.
- Annual property tax($)
- Enter the annual property tax in $.
- Annual home insurance($)
- Enter the annual home insurance in $.
Worked example
Using the values the calculator loads with:
Inputs
- Home price400000 $
- Down payment80000 $
- Interest rate6.5 %
- Term30 years
- Annual property tax4800 $
- Annual home insurance1500 $
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
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.
What do I need to enter into the Mortgage Payment Calculator?
Just 6 values: home price, down payment, interest rate, term, annual property tax, annual home insurance. Every field starts with a realistic example, so you can change one number at a time and watch the result update instantly.
How does the Mortgage Payment Calculator work out the answer?
A monthly mortgage payment (PITI) is the amortised principal and interest plus one twelfth of the annual property tax and home insurance. It applies the formula PITI = P·r/(1 − (1+r)^−n) + tax/12 + insurance/12 and shows the working so you can check each step by hand.
Is the Mortgage Payment Calculator free, and do I need an account?
It is completely free with no sign-up, no download and no usage limit. Everything is calculated in your browser, so the numbers you type never leave your device.
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.