🏠 Calculator Tools

Mortgage Calculator

Estimate your true monthly payment — principal, interest, taxes, insurance, PMI and HOA — and see how extra payments cut years off your loan.

Loan details

Total monthly payment

$2,230.62

Principal & interest$1,769.79
Property tax$320.83
Home insurance$140.00

Over the life of the loan

Loan amount

$280,000

Total interest

$357,125

About this calculator

Understand your real monthly mortgage payment

Most mortgage calculators only show principal and interest — and that number is often hundreds of dollars below what you will actually pay each month. This calculator estimates the full PITI payment: Principal, Interest, property Taxes and Insurance, plus PMI when your down payment is under 20% and HOA dues where they apply. Every figure updates instantly as you move the sliders, and nothing you type ever leaves your device.

It also answers the question every borrower should ask: what happens if I pay a little extra? Add any amount to the extra-payment field and the calculator re-simulates the full amortization, showing exactly how many years you cut off the loan and how much interest you keep.

100% freeNo sign-upRuns in your browserPMI & taxes included
How to use it
  1. 1Enter the home price and your planned down payment percentage — the loan amount is calculated for you.
  2. 2Set the interest rate you have been quoted and pick a 15, 20 or 30-year term.
  3. 3Adjust property tax, home insurance and HOA to match your area (the defaults are typical US figures).
  4. 4Optionally add an extra monthly payment to see the payoff-acceleration and interest savings.
What it accounts for
  • Full PITI breakdown — principal & interest, taxes, insurance
  • Automatic PMI estimate when the down payment is below 20%
  • HOA dues for condos and planned communities
  • 15 vs 20 vs 30-year term comparison in one click
  • Extra-payment simulation with years-saved and interest-saved
  • Total interest over the life of the loan

Frequently asked questions

What is PITI?
PITI stands for Principal, Interest, Taxes and Insurance — the four components of a typical monthly mortgage payment. Lenders use the full PITI figure, not just principal and interest, when deciding how much you can borrow.
What is PMI and when do I pay it?
Private Mortgage Insurance protects the lender when your down payment is below 20% of the home price. It typically costs 0.3%–1.0% of the loan amount per year and can be removed once you reach 20% equity. This calculator estimates PMI at 0.6% annually whenever the down payment is under 20%.
Should I choose a 15-year or 30-year mortgage?
A 15-year loan has higher monthly payments but a lower rate and dramatically less total interest — often less than half. A 30-year loan maximizes flexibility with lower required payments; you can always pay extra to finish faster. Toggle the term buttons to compare both for your numbers.
How much do extra payments actually help?
More than most people expect. Because extra payments go entirely to principal, even $100–$200 a month early in a 30-year loan typically saves tens of thousands in interest and shaves years off the term. Use the extra-payment field to see your exact numbers.
Is my financial data private?
Yes. All calculations run locally in your browser using JavaScript — no figures are sent to a server, stored, or shared. Refresh the page and everything is gone.
Does this calculator work outside the US?
The math is universal for fixed-rate amortizing loans. Property tax and PMI conventions are US-style, but you can set tax or PMI-related fields to zero and use the principal-and-interest figures anywhere.
📖

Full guide

Mortgage Calculator Guide — PITI, PMI & Early Payoff

What your payment really contains, the 28/36 affordability rule, and the six-figure math of extra payments.

PITI & PMI explained15 vs 30-year comparisonExtra-payment savings

Related Articles & Guides

Blog5 Things to Check Before Taking a Loan (and How to Cut the Total Interest)Borrowing money is one of the biggest financial decisions most people make in their lives. Whether you are taking a personal loan to consolidate credit card debArticleLoan & EMI Calculator: Monthly Payment, Interest & Amortization ExplainedCalculate loan and mortgage monthly payments (EMI), see total interest and total cost, and learn how amortization and APR really work.Blog15 vs 30-Year Mortgage: Which Actually Saves You More?The 15 versus 30 year choice is the biggest single decision in a mortgage — bigger than shopping a quarter point of rate. One term roughly halves your lifetime