Mortgage Payment Calculator With Taxes, Insurance & PMI
This mortgage payment calculator estimates your full monthly housing cost before you commit to a home loan. It goes beyond principal and interest to fold in property tax, home insurance, HOA fees, and PMI, so you see the real number you would pay each month.
It is built for home buyers comparing loan terms, owners weighing a refinance, and anyone who wants a clear picture of PITI rather than just the loan payment. Adjust the home price, down payment, term, and rate and every result updates instantly — including a payment breakdown chart and a full amortization schedule.
How to Use the Mortgage Payment Calculator
Enter your home price
Drag the Home Price slider or type the purchase price. Use the currency picker at the top of the inputs to switch currencies — default values adjust to suit each market.
Set your down payment
Enter how much you plan to put down. The percentage is shown automatically. If it is under 20%, PMI is estimated and added to your monthly payment.
Choose term and interest rate
Pick a Loan Term preset (10, 15, 20, 25, or 30 years) or set any term up to 40 years with the slider, then enter your annual Interest Rate.
Add taxes, insurance & fees
Enter your annual Property Tax rate, yearly Home Insurance, and any monthly HOA Fees for a complete housing cost.
Read your results
See the Monthly Payment, total payment, and total interest, plus a monthly breakdown, a payment breakdown chart, a balance-over-time chart, and the amortization schedule.
Features
Monthly Payment (P&I)
Principal and interest are calculated with the standard amortization formula lenders use, with a zero-rate fallback handled too.
Property Tax & Insurance
Property tax is estimated from your annual rate and home value, and home insurance is spread across twelve months.
Automatic PMI
When your down payment is under 20%, PMI is estimated at 0.5% of the loan per year, with a notice on when it drops off at 80% LTV.
HOA Fees Included
Add any monthly homeowners association dues so the total reflects your real housing cost, not just the loan.
Payment Breakdown Chart
A color-coded doughnut chart splits your monthly payment across P&I, tax, insurance, PMI, and HOA at a glance.
Balance Over Time
A line chart tracks your remaining loan balance across the life of the loan so you can watch equity build.
Amortization Schedule
Expand a detailed schedule and switch between yearly summaries and month-by-month principal, interest, and balance.
Term Presets & Sliders
Jump to 10, 15, 20, 25, or 30-year terms, or fine-tune any input with synced sliders and text fields.
Multi-Currency Support
Pick from dozens of currencies; default amounts adjust to each market and every figure is formatted to match.
Instant Recalculation
Every slider drag, typed value, or preset button updates all results immediately — there is no calculate button to press.
Frequently Asked Questions
How is my monthly mortgage payment calculated?
Principal and interest use the standard amortization formula M = P × [r(1+r)n] / [(1+r)n − 1], where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. Property tax, insurance, PMI, and HOA are then added to give your full monthly payment.
What is PITI, and does this include taxes, insurance, and PMI?
PITI stands for principal, interest, taxes, and insurance — the four core parts of a monthly mortgage payment. This calculator includes all of them, plus PMI when your down payment is under 20% and any monthly HOA dues, so the total reflects your real housing cost.
What is PMI and when does it apply?
Private Mortgage Insurance protects the lender and is usually required when your down payment is less than 20% of the home price. PMI commonly costs about 0.3% to 1.5% of the loan per year; this calculator estimates it at 0.5% annually and removes it once your loan-to-value ratio reaches 80%.
How does a shorter loan term save money?
A 15-year mortgage has higher monthly payments than a 30-year one but pays far less total interest. Use the term presets to compare side by side: the monthly payment, total interest, and balance-over-time chart all update so you can see the trade-off instantly.
What is an amortization schedule?
It is a table showing how each payment splits between principal and interest and how the balance shrinks over time. Open the Amortization Schedule and switch between yearly and monthly views to see early payments lean toward interest and later ones toward principal.
How accurate are these calculations?
The principal and interest math uses the same formula lenders use. Property tax, insurance, and PMI are estimates that vary by location, provider, and credit score, so treat the totals as a planning guide and confirm exact figures with your lender.
Can I use it for different currencies?
Yes. Use the currency picker to switch currencies. Default values for home price, down payment, and insurance adjust to give realistic starting points for each market, and every amount is formatted to match.
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