Mortgage Calculator — Full PITI Payment
Your real monthly payment, not just principal & interest: property tax, insurance, and HOA included, with a visual breakdown.
Estimated monthly payment
$2,241/mo
Loan amount $280,000 · Down payment $70,000 · Total interest over the loan $357,125
Payment breakdown
- Principal & interest$1,770/mo
- Property tax$321/mo
- Home insurance$150/mo
Estimate for education only — not financial advice. Actual rates, taxes, and insurance vary by location and lender.
New to mortgage payments? Read the plain-English breakdown: What PITI really means
Frequently Asked Questions
What does my monthly mortgage payment include?▼
Typically four parts, known as PITI: Principal (paying down the loan), Interest (the cost of borrowing), Taxes (property tax, usually collected monthly into escrow), and Insurance (homeowner’s insurance, plus PMI if your down payment is under 20%). HOA dues may come on top.
Why is my lender’s quote higher than a simple loan calculator?▼
Simple calculators show only principal & interest. Lenders escrow property tax and insurance into the monthly bill, which commonly adds 20–35% on top of P&I. This calculator includes them so the estimate matches reality.
What is PMI and when do I pay it?▼
Private mortgage insurance protects the lender when your down payment is below 20%. It typically costs 0.3–1.5% of the loan amount per year and can usually be removed once you reach 20% equity.
Should I choose a 15-year or 30-year mortgage?▼
A 15-year term has higher monthly payments but dramatically less total interest and a lower rate; a 30-year term is easier on monthly cash flow. Try both terms above and compare the total interest figure.
How accurate is this estimate?▼
The principal & interest math is exact for a fixed-rate loan. Property tax and insurance are estimates based on your inputs — actual amounts depend on your location, assessed value, and insurer. It is an educational tool, not a loan offer.