Home Loan Calculator

Calculate home loan (mortgage) payments with principal, interest, taxes and insurance — see PITI and total cost.

Home Loan Calculator

Calculate home loan (mortgage) payments with principal, interest, taxes and insurance — see PITI and total cost.

Home price($)

Down payment($)

Annual rate(%)

Term (years)

Annual property tax($)

Enter values above and click Calculate — results will appear here with the formula explained.

PITI = loanPayment(principal, r, n) + tax/12 + insurance/12 where principal=price-down

How does this work?

Home loan PITI is principal & interest plus taxes and insurance. Principal is price minus down. Taxes and insurance are often escrowed.

This estimates PI plus tax; add insurance $100-250/mo if not in tax. Rate is fixed, taxes may rise yearly.

For YMYL home buying, ensure PITI under 28% of gross monthly income per 28/36 rule.

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Disclaimer: Results are estimates for informational purposes only and do not constitute professional financial advice.

Quick Answer

Home Loan Calculator computes calculate home loan (mortgage) payments with principal, interest, taxes and insurance — see piti and total cost. Formula: PITI = loanPayment(principal, r, n) + tax/12 + insurance/12 where principal=price-down. Example: With $350k price, $70k down, 6.

How to Use This Calculator

1Enter home price, down payment, rate, term and annual property tax.
2Calculate to see PITI monthly and total.
3Adjust down to see PITI drop and PMI need.

Formula Used

PITI = loanPayment(principal, r, n) + tax/12 + insurance/12 where principal=price-down

Home loan PITI is principal & interest plus taxes and insurance. Principal is price minus down. Taxes and insurance are often escrowed.

This estimates PI plus tax; add insurance $100-250/mo if not in tax. Rate is fixed, taxes may rise yearly.

For YMYL home buying, ensure PITI under 28% of gross monthly income per 28/36 rule.

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Worked Example

With $350k price, $70k down, 6.5% for 30y, $4,200 tax: loan $280k, PI $1,770, PITI $2,120/mo.

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Related Calculators

Mortgage Calculator

Estimate the monthly payment on a home loan including taxes and insurance.

Home Affordability Calculator

Estimate how much house you can afford from income, debts, down payment, rate and term using the 28/36 rule.

Down Payment Calculator

Calculate down payment amount and percent from home price — see loan amount, PMI need and monthly impact.

Property Tax Calculator

Calculate annual property tax from home value and tax rate — see yearly, monthly and effective rate.

Frequently Asked Questions

QWhat is PITI?

Principal, Interest, Taxes, Insurance — total housing payment.

QPMI?

If down <20%, add PMI $100-300/mo, not in this estimate.

QInclude insurance?

Add $100-250/mo for homeowners insurance if not in tax.

Formula Used

PITI = loanPayment(principal, r, n) + tax/12 + insurance/12 where principal=price-down

Home loan PITI is principal & interest plus taxes and insurance. Principal is price minus down. Taxes and insurance are often escrowed.

This estimates PI plus tax; add insurance $100-250/mo if not in tax. Rate is fixed, taxes may rise yearly.

For YMYL home buying, ensure PITI under 28% of gross monthly income per 28/36 rule.