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Mortgage & Home Equity•Core Monthly PITI & Amortization

Mortgage Payment Calculator

Calculate your total monthly mortgage payment (Principal, Interest, Property Taxes, Homeowners Insurance, PMI, and HOA) using our privacy-first mortgage payment calculator with dynamic amortization schedules.

Home & Mortgage Inputs

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Taxes, Insurance & Fees

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PITI Payment Insight

Total Payment: $2,842 / month

Of your $2,842 monthly payment, $2,275 (80%) goes to principal and interest, and $567 covers taxes, insurance, and PMI.

Estimated Monthly PITI Payment$2,842 / mo

Monthly Payment Components

Principal & Interest
$2,275 / mo
Property Taxes (1.2%)
$400 / mo
Homeowners Insurance
$150 / mo
PMI InsuranceEnds Yr 10, Mo 1
$165 / mo
Total Interest Paid Over Term$459,200

Principal Financed: $360,000

Total Outflow over 30 Years$1,038,600

Includes Principal, Interest, Taxes, Insurance & PMI

Loan Paydown & Amortization Curve

Declining mortgage principal balance alongside cumulative principal vs. interest paid.

Remaining BalanceInterest Paid

Year-by-Year Amortization Schedule

Yearly principal paid, interest paid, cumulative interest, remaining loan balance, and PMI status.

YearPrincipal PaidInterest PaidTotal InterestRemaining BalancePMI Status
Mortgage Hub

Model Specific Scenarios

Explore our full suite of institutional-grade mortgage calculators tailored for specialized loan structures:

Extra Mortgage PaymentModel extra monthly payments to cut years and interest.FHA Loan CalculatorCompare 3.5% down FHA MIP against conventional PMI.VA Loan CalculatorModel $0 down payment & zero monthly PMI for veterans.Rent vs. Buy CalculatorCompare total net wealth and breakeven horizons over time.HELOC vs. Cash-Out RefiCompare tapping equity via HELOC vs refinancing.ARM Reset CalculatorCalculate payment resets & cap protections for ARMs.Buydown Points CalculatorCalculate breakeven timelines of buying discount points.House Hacking CalculatorModel net housing costs renting out rooms or units.

Frequently Asked Questions

Fact-checked guidance grounded in Homeowners Protection Act (HPA) rules and PITI escrow mechanics.

What does PITI stand for in a mortgage payment?▾
PITI stands for Principal, Interest, Taxes, and Insurance. These four components make up your total monthly housing obligation: Principal pays down your loan balance, Interest pays the lender for borrowing, Taxes fund local property taxes, and Insurance covers home hazard policies (plus PMI if applicable).
When does Private Mortgage Insurance (PMI) automatically cancel?▾
Under the federal Homeowners Protection Act (HPA), lenders must automatically cancel Private Mortgage Insurance (PMI) on conventional loans when your principal balance reaches 78% of the original home purchase price through scheduled amortization, provided your payments are current.
How are property taxes and homeowners insurance collected in a mortgage?▾
Lenders collect 1/12th of your annual property taxes and 1/12th of your annual home insurance premium each month alongside your principal and interest payment. These funds are held in an escrow account and paid directly to your county tax collector and insurance carrier on your behalf when due.
Is a 15-year or 30-year fixed mortgage better?▾
A 30-year fixed mortgage provides a lower mandatory monthly payment, giving you maximum budget flexibility. A 15-year fixed mortgage features higher monthly payments but lower interest rates, saving tens of thousands of dollars in lifetime interest while building equity twice as fast.

Formulas & Regulatory Notes:

  • P&I Amortization: Standard fixed-rate monthly principal & interest formula P = L × [r(1+r)^n] / [(1+r)^n - 1].
  • HPA 78% PMI Cancellation: Under federal Homeowners Protection Act (HPA) rules, PMI is automatically cancelled once remaining principal reaches 78.0% of the original home purchase price via scheduled loan paydown.
  • Escrow Estimates: Property taxes, insurance, and HOA dues are estimates. Actual escrow items may vary based on local tax assessments and policy quotes.