PITI Calculator
Calculate your full monthly mortgage payment including principal, interest, property taxes, insurance, and HOA dues.
Independently verified for accuracy
Calculator by Toolsloft ↗- Total monthly payment
- 2722.62
- Principal & interest
- 2022.62
- Property tax
- 400
- Home insurance
- 150
- HOA dues
- 150
- Loan amount
- 320000
This calculator adds up the full monthly housing payment lenders call PITI: principal, interest, property taxes, and homeowners insurance, plus any HOA dues. Enter the home price, down payment, loan terms, and your annual tax and insurance figures to see the real monthly number behind a mortgage, not just principal and interest.
How this is calculated
Principal and interest use the standard amortizing-loan formula on the financed amount (home price minus down payment). Property tax and insurance are entered as annual amounts and divided by 12, and HOA dues are added as a flat monthly figure. The four parts are summed to give the total monthly payment.
How to use
- Enter the home price and your down payment.
- Enter the loan rate and term in years.
- Add your annual property tax, annual insurance, and monthly HOA dues.
- Read the principal and interest, the tax and insurance portions, and the total monthly payment.
Examples
- $400k home, $80k down, 6.5% / 30 yr:
total $2,722.62/mo - 0% example:
$200k loan over 15 yr, total $1,461.11/mo
FAQ
- What does PITI stand for?
- Principal, Interest, Taxes, and Insurance. It is the full monthly cost of owning a home with a mortgage, and lenders use it to judge how much you can afford.
- Does this include HOA dues and PMI?
- It includes HOA dues as a separate monthly field. It does not add PMI automatically, so include any private mortgage insurance in the insurance field if your down payment is under 20%.
- Why divide annual taxes and insurance by 12?
- Lenders collect these in an escrow account each month, so the calculator spreads the annual amounts evenly across the year to show your true monthly outlay.