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Mortgage calculator

Estimate your full monthly home-ownership cost, not just the loan payment. The calculator combines principal and interest with property tax, insurance, HOA or PMI, and lets you test extra payments and different loan type...

How it works Report a problem

🏠 Mortgage Intelligence Pro

Complete home ownership cost analysis with PITI breakdown, amortization & wealth insights

Property & Loan Details
Additional Costs & Fees
Total Monthly PITI Payment
$0
Principal + Interest + Tax + Insurance
Loan Amount
$0
Total Interest
$0
Total Cost
$0
Break-Even (Yrs)
—
Payment Composition
■ P+I■ Tax■ Insurance■ HOA/PMI
Acquisition Analysis
Loan Amount$0
Down Payment$0
Total P+I Repayment$0
Total Interest Paid$0
Closing Costs$0
Total Ownership Cost$0
Wealth Intelligence

The mortgage payment a lender quotes is only part of what a house costs each month. This calculator builds the full payment: principal and interest, plus property tax and home insurance, so the number you plan around is the one that will actually leave your account.

How to use this calculator

  • Enter the home price and your down payment.
  • Add the interest rate and the loan term.
  • Add yearly property tax and insurance if you want the full PITI payment.
  • Press calculate to see the monthly payment and its parts.

The term decision

A 30-year term makes the payment comfortable and the total interest heavy; a 15-year term roughly doubles the principal speed and can cut total interest dramatically. Run both: many buyers find a middle term is the honest compromise between monthly room and lifetime cost.

Frequently asked questions

What does PITI mean?
Principal, Interest, Taxes and Insurance — the four usual parts of a full monthly housing payment collected by the lender.
How much down payment do I need?
Programs exist from about 3 to 3.5% down, but 20% removes private mortgage insurance and usually wins a better rate. The right figure balances entry cost against monthly cost.
Why is my real payment higher than the estimate?
Usually tax or insurance estimates were low, or mortgage insurance applies. Ask the lender for their tax and insurance figures and re-run with those.