Mortgage Calculator
Calculate your monthly mortgage payments, including principal, interest, taxes, and insurance (PITI).
Enter Mortgage Details
Mortgage Summary
Monthly Payment (PITI)$0.00
Principal & Interest$0.00
Tax & Insurance$0.00
Total Interest$0.00
Total Cost$0.00
Understanding Your Mortgage
How to Use the Mortgage Calculator
Our mortgage calculator helps you estimate your monthly payments and understand the total cost of homeownership:
Required Information:
- Home Price & Down Payment:
The total cost of the home and how much you plan to pay upfront
- Interest Rate & Term:
Your mortgage interest rate and how long you'll take to repay the loan
- Taxes & Insurance:
Annual property taxes and homeowner's insurance costs
Understanding PITI
Your monthly mortgage payment typically includes four components:
Payment Components:
- Principal:
The portion of payment that reduces your loan balance
- Interest:
The cost of borrowing money from your lender
- Taxes:
Property taxes collected by your local government
- Insurance:
Homeowner's insurance to protect your property
Mortgage Planning Guide
Down Payment
Key Considerations:
- • Conventional: 20% ideal
- • FHA: 3.5% minimum
- • VA: 0% possible
- • PMI requirements
- • Impact on payments
Loan Terms
Common Options:
- • 30-year fixed
- • 15-year fixed
- • ARM options
- • Interest rates
- • Monthly payments
Additional Costs
Other Expenses:
- • Closing costs
- • Property taxes
- • HOA fees
- • Maintenance
- • Utilities