Mortgage Calculator - Home Loan & Monthly Payment Estimator
Calculate your monthly mortgage payments including principal, interest, taxes, and insurance (PITI). Use our mortgage calculator to estimate your home affordability.
Enter your home price, down payment, and loan terms to see a detailed breakdown of your monthly housing costs.
Fill in your home price and loan details to see the monthly breakdown.
Educational Guide
Mortgage Calculator - Home Loan & Monthly Payment Estimator
Calculate your monthly mortgage payments including principal, interest, taxes, and insurance (PITI). Use our mortgage calculator to estimate your home affordability.
Understanding Your Monthly Payment (PITI)
A standard mortgage payment consists of four main parts: Principal (paying back the loan), Interest (the cost of borrowing), Taxes (local property taxes), and Insurance (protection for your home). Together, these are often referred to as PITI.
Real Estate Insight
Property taxes and insurance can add 20-30% to your monthly payment. Always factor them into your budget.
The Standard Mortgage Formula
M = P [ i(1 + i)ⁿ ] / [ (1 + i)ⁿ - 1 ] + T + I + PMIM is your total monthly payment. P is the principal loan amount. i is the monthly interest rate. n is the total number of payments. T, I, and PMI are the monthly portions of taxes, insurance, and private mortgage insurance respectively.
Mortgage Questions
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