Mortgage Payment Calculator

PITI Mortgage Payment Calculator* - Use this advanced mortgage payment calculator to calculate your PITI mortgage payment when buying a home. This is the only mortgage payment calculator which automatically calculates the mortgage payments with principal, interest, property taxes, insurance (PITI) and if applicable, private mortgage insurance of three different mortgage loans side by side.

Mortgage Payment Calculator Mortgage Payment PITI Calculator Instructions

Step 1: Enter Sales Price of Property
Step 2: Enter Down Payment
Step 3: Select up to 3 different mortgage rates / programs to calculate mortgage payments
Step 4: Click Button: "Calculate PITI Mortgage Payments"

PITI Mortgage Payment Calculator ///

Step 1: Sales Price of Property
Sales Price $
Step 2: Down Payment Amount ///
Down Payment $ (i.e. 10000 = 10,000)
Step 3: Select Mortgage Rates & Amortization ///
Select the estimated current mortgage rate you will be able to obtain. (Note: if using an adjustable rate mortgage, you must qualify at the fully indexed rate, which will be approximately the same as a 30 year fixed in most cases).
Mortgage Amortization
Interest Rate
Compare Mortgage Payment Calculator Results for Three PITI Mortgages ///
Below are the results of the mortgage calculator with taxes and insurance. View the PITI mortgage payments including PMI if applicable.
Loan Programs
Mortgage Rate % % %
Sales Price
Loan Amount
Down Payment
Loan to Value / LTV % % %
Mortgage Payment
(Principal & Interest / P.I.)
Property Taxes **
Homeowners Insurance **
Private Mortgage Insurance (PMI), if LTV over 80%
Mortgage Payment (P.I.T.I)
Like this Mortgage Payment Calculator? Link to it by copying & pasting code below:

Continue reading here: Mortgage Prequalification Calculator

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Readers' Questions

  • penny
    How to calculate piti real estate?
    4 months ago
  • To calculate PITI (Principal, Interest, Taxes, and Insurance) for a real estate property, you need to follow these steps:
    1. Determine the loan amount: This is the total amount you borrowed from a lender to purchase the property.
    2. Calculate the monthly interest: To calculate the monthly interest, divide the annual interest rate by For example, if the annual interest rate is 5%, the monthly interest rate would be 0.05 / 12 = 0.0042.
    3. Calculate the loan term in months: Multiply the number of years of the loan term by 12 to get the total number of months. For example, if the loan term is 30 years, the loan term in months would be 30 x 12 = 360 months.
    4. Use a mortgage calculator or the following formula to calculate the monthly principal and interest:
    5. Monthly principal and interest payment = loan amount x (monthly interest rate / (1 - (1 + monthly interest rate)^-loan term in months)) For example, if the loan amount is $200,0
    6. 00, the monthly interest rate is 0.0042 (as calculated in step 2), and the loan term in months is 360 (as calculated in step 3), the monthly principal and interest payment would be:
    7. Monthly principal and interest payment = $200,
    8. 000 x (0.0042 / (1 - (1 + 0.0042)^-360))
    9. Determine the monthly property taxes: Contact the local assessor's office or check recent property tax bills to find the annual property tax amount. Divide the annual property tax by 12 to get the monthly property tax. For example, if the annual property tax is $3,000, the monthly property tax would be $3,000 / 12 = $250.
    10. Determine the monthly insurance premium: Contact insurance providers or check recent insurance bills to find the annual insurance premium. Divide the annual insurance premium by 12 to get the monthly insurance premium.
    11. Calculate the total monthly PITI payment: Add the monthly principal and interest payment (calculated in step 4), monthly property tax (calculated in step 5), and monthly insurance premium (calculated in step 6) together.
    12. Example: Loan amount: $200,
    13. 000 Annual interest rate: 5%
    14. Loan term:
    15. 30 years
    16. Annual property tax: $3,
    17. 000 Annual insurance premium: $1,200
    18. Monthly interest rate: 0.
    19. 05 / 12 = 0.0042
    20. Loan term in months:
    21. 30 x 12 = 360 months
    22. Monthly principal and interest payment = $200,
    23. 000 x (0.0042 / (1 - (1 + 0.0042)^-360))
    24. Monthly property tax: $3,
    25. 000 / 12 = $250
    26. Monthly insurance premium: $1,
    27. 200 / 12 = $100
    28. Total monthly PITI payment = Monthly principal and interest payment + Monthly property tax + Monthly insurance premium Keep in mind that this calculation doesn't include additional costs like homeowner association fees or private mortgage insurance (PMI) if applicable. Consult with a professional or consult your lender for a more accurate calculation.
    • Leah
      How to calculate piti mortgage payment?
      8 months ago
    • To calculate your PITI mortgage payment, you need to consider four main components: principal, interest, property taxes, and homeowner's insurance. Here's how to do it:
      1. Determine your loan amount (principal): This is the total amount you borrow to purchase the property. For example, if you borrow $200,000, your principal is $200,000.
      2. Calculate the interest: The interest is the cost you pay to borrow the money, typically expressed as an annual percentage rate (APR). Divide the APR by 12 to get the monthly interest rate. For instance, if your APR is 4.5%, divide it by 12 to get 0.375%.
      3. Determine the loan term: The loan term is the length of time you have to repay the loan, usually stated in years. Convert this to the number of monthly payments by multiplying the number of years by For example, if your loan term is 30 years, you will have 360 monthly payments (30 years x 12 months).
      4. Calculate the monthly mortgage payment (principal and interest): Use a mortgage calculator or the following formula:
      5. PMT = P * (r * (1 + r)^n) / ((1 + r)^n -
      6. 1) where PMT is the monthly payment, P is the principal, r is the monthly interest rate in decimal form, and n is the number of monthly payments.
      7. Determine the annual property tax amount: Find out the annual property tax amount for the property you are purchasing. Divide this amount by 12 to get the monthly property tax.
      8. Estimate the annual homeowner's insurance amount: Generally, homeowner's insurance policies are paid annually. Divide the annual premium by 12 to calculate the monthly homeowner's insurance cost.
      9. Calculate the total monthly payment (PITI): Add the monthly mortgage payment from Step 4, the monthly property tax amount from Step 5, and the monthly homeowner's insurance amount from Step This will give you your total monthly PITI mortgage payment.
      • matilda
        How to calculate piti payment?
        1 year ago
      • The PITI payment (Principal, Interest, Taxes, Insurance) calculation is determined by multiplying the loan amount by the applicable interest rate and then dividing that total by the number of monthly payments in the loan term. To calculate the PITI payment, follow these steps:
        1. Determine the loan amount.
        2. Determine the interest rate for the loan.
        3. Determine the number of monthly payments in the loan term.
        4. Calculate the total interest due on the loan.
        5. Calculate the taxes and insurance due on the loan.
        6. Calculate the principal due on the loan.
        7. Add the principal, interest, taxes, and insurance together to determine the total PITI payment.