Mortgage Calculator
Estimate your full monthly mortgage payment including tax and insurance.
Check your local assessment for an accurate figure.
Monthly payment (PITI)
Total monthly payment
$2,571.68
For estimation purposes only — not financial, medical, or professional advice.
How to use this calculator
- 1Enter the mortgage amount, interest rate and term in years.
- 2Add your annual property tax and annual home insurance premium.
- 3Read the total monthly payment and the full-term cost breakdown.
How it's calculated
Principal and interest use the amortising payment formula: M = P x r x (1 + r)^n / ((1 + r)^n - 1), where r is the monthly rate and n the number of monthly payments.
Annual property tax and annual home insurance are each divided by 12 to get their monthly share.
Total monthly payment = principal and interest + monthly tax + monthly insurance. This is often called PITI.
Mortgage Calculator FAQs
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