MortgageCalc

PITI Mortgage Calculator

Calculate your complete monthly mortgage payment including Principal, Interest, Taxes, and Insurance (PITI). Get accurate estimates for your total housing costs.

Loan Details
Enter your mortgage information to get accurate calculations

$300,000

20.0% of home price ($60,000)

Additional Costs
Monthly expenses beyond mortgage

$3,000

$1,200

Required if down payment < 20% ($0)

$0

Extra Payments
Pay off your mortgage faster

Monthly Payment

$1,517

Principal & Interest

Total Monthly

$1,867

Including all costs

Total Interest

$306,107

Over life of loan

Total Cost

$546,107

Principal + Interest

Payment Breakdown

Total Cost

$546,107
Over 30 years

Principal

$240,000
43.9% of total

Interest

$306,107
56.1% of total

Payment Breakdown

Principal43.9%
$240,000
Interest56.1%
$306,107
Interest vs Principal Ratio
You'll pay 56% in interest
That's $66,107 more than the original loan amount
Amortization Schedule
See how your loan balance decreases over time
YearPaymentPrincipalInterestBalance
1$1,517$217$1,300$239,783
1$1,517$230$1,287$237,317
2$1,517$246$1,271$234,455
3$1,517$262$1,255$231,401
4$1,517$280$1,237$228,143
5$1,517$298$1,219$224,666
6$1,517$318$1,199$220,957
7$1,517$340$1,177$216,999
8$1,517$362$1,155$212,776
9$1,517$387$1,130$208,270
10$1,517$413$1,104$203,463
11$1,517$440$1,077$198,333
12$1,517$470$1,047$192,860
13$1,517$501$1,016$187,021
14$1,517$535$982$180,790
15$1,517$571$946$174,142
16$1,517$609$908$167,049
17$1,517$650$867$159,481
18$1,517$693$824$151,405
19$1,517$740$777$142,790
20$1,517$789$728$133,597
21$1,517$842$675$123,788
22$1,517$898$619$113,323
23$1,517$958$559$102,156
24$1,517$1,023$494$90,242
25$1,517$1,091$426$77,530
26$1,517$1,164$353$63,967
27$1,517$1,242$275$49,495
28$1,517$1,325$192$34,054
29$1,517$1,414$103$17,579
30$1,517$1,509$8$0

What is PITI in Mortgage?

PITI stands for Principal, Interest, Taxes, and Insurance - the four main components that make up your total monthly mortgage payment. Understanding PITI helps you budget accurately for homeownership costs.

PITI Components Explained

Principal

The amount that goes toward paying down your loan balance.

Interest

The cost of borrowing money, calculated based on your interest rate.

Taxes

Property taxes paid to your local government, typically escrowed monthly.

Insurance

Homeowners insurance and PMI (if applicable) to protect your property.

How to Use Our PITI Calculator

  1. Enter your loan amount and interest rate
  2. Specify your loan term (15, 20, or 30 years)
  3. Add your annual property tax amount
  4. Include your annual homeowners insurance cost
  5. Add PMI if your down payment is less than 20%
  6. Get your complete PITI payment breakdown

Why PITI Matters

Your PITI payment represents your true monthly housing cost. Lenders use PITI to determine loan qualification, and it's essential for accurate budgeting. Our calculator helps you understand exactly what you'll pay each month and how your payment is allocated across principal, interest, taxes, and insurance.