Mortgage
Mortgage Calculator
Calculate your monthly mortgage payment with principal, interest, taxes, and insurance (PITI). Perfect for home buyers and refinancing.
Estimated Monthly Payment
$0
Loan Amount
$0
Total Interest
$0
Total Cost
$0
How it works
M = P[r(1+r)^n]/[(1+r)^n - 1] where M is monthly payment, P is principal, r is monthly rate, n is number of payments
Frequently Asked Questions
What is PITI?
PITI stands for Principal, Interest, Taxes, and Insurance. These are the four components of a monthly mortgage payments.
How much should I put as down payment?
Most conventional loans typically require 20% down to avoid PMI. However, you can put as little as 3-5% with some loan programs.
What is PMI?
PMI (Private Mortgage Insurance) is required when your down payment is less than 20%. It protects the lender if you default on the loan.