HOME BUYING, EQUITY, AND BORROWING
Estimate your monthly mortgage payment with principal, interest, property tax, homeowners insurance, PMI, and HOA dues.
Your result
Enter your values and select Calculate. Your result stays on this device.
Monthly principal and interest = P × [r(1 + r)^n] ÷ [(1 + r)^n − 1]. Total monthly housing cost adds property tax, homeowners insurance, PMI, and HOA dues.
Uses a fixed-rate loan and the values you enter. Property taxes, insurance, PMI, HOA dues, closing costs, and lender fees can change.
A monthly home payment is usually more than principal and interest. This estimate puts PITI, optional PMI, and HOA dues beside the loan payment so a planning scenario is easier to compare with a lender’s disclosure.
Use case
Estimate your monthly mortgage payment with principal, interest, property tax, homeowners insurance, PMI, and HOA dues. The stated formula, assumptions, and result limits remain visible so the calculation can be checked in context.
Use a clear mortgage payment calculator scenario with values you can verify before relying on the result.
Build a reliable scenario
Mortgage Payment Calculator helps you check a specific home & mortgages question with figures that apply to you. Estimate your monthly mortgage payment with principal, interest, property tax, homeowners insurance, PMI, and HOA dues. Estimate your monthly mortgage payment with principal, interest, property tax, homeowners insurance, PMI, and HOA dues. The stated formula, assumptions, and result limits remain visible so the calculation can be checked in context. Use a clear mortgage payment calculator scenario with values you can verify before relying on the result. The page keeps the method and limits visible so the result can be understood, compared, and checked instead of treated as an unexplained answer.
Prepare Home price, Down payment, Interest rate, Loan term, Annual property tax and Annual homeowners insurance. Enter the purchase price and cash down payment. Use a rate and term from a current lender scenario, not an assumed approval. Add annual tax and homeowners-insurance estimates plus any known PMI or HOA amount. Compare the total housing payment with your budget and official Loan Estimate. Keep units, dates, currency, and time periods consistent.
The stated method is: Monthly principal and interest = P × [r(1 + r)^n] ÷ [(1 + r)^n − 1]. Total monthly housing cost adds property tax, homeowners insurance, PMI, and HOA dues. Change one assumption at a time to see which input drives the result, then compare scenarios on the same basis.
Uses a fixed-rate loan and the values you enter. Property taxes, insurance, PMI, HOA dues, closing costs, and lender fees can change. Planning estimate only — not a loan offer, affordability determination, or financial advice.
Source and update
Last reviewed: 2026-08-08
Consumer Financial Protection Bureau mortgage guidancePITI means principal, interest, property taxes, and homeowners insurance. PMI and HOA dues can also affect the amount paid each month.
No. It is a planning estimate based on the values entered. Lender pricing, eligibility, taxes, insurance, fees, and disclosures can differ.
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