Calculate a mortgage payment
Estimate monthly principal & interest, taxes, insurance, and PMI for a home loan, plus the full amortization schedule.
PMI applies only when the down payment is below 20%. An estimate only. Your lender's actual quote may include other fees.
Plus the interest rate and loan term.
Optional, but needed for a realistic total monthly payment.
The full PITI breakdown, plus total interest over the life of the loan.
Frequently asked
What does PITI stand for?
Principal, Interest, Taxes, and Insurance. The four components that typically make up a mortgage lender's estimate of your full monthly housing payment.
When does PMI apply?
Private Mortgage Insurance is typically required when the down payment is below 20% of the home price. This calculator adds it automatically in that case, using the PMI rate you enter.
Does this show a full amortization schedule?
No. This gives you the monthly payment and lifetime totals. For a full month-by-month schedule, use the Loan Amortization Schedule tool (the math is the same, just for any loan type).
Is this a real loan offer?
No. It's an estimate for planning purposes. Actual rates, fees, and terms depend on your lender.