Mortgage Calculator
Estimate your full monthly mortgage payment — PITI (principal, interest, property tax, and insurance) plus HOA dues — from the home price, down payment, rate, and term. Free and accurate.
- Monthly payment
- 2672.62
- Principal & interest
- 2022.62
- Loan amount
- 320000
How to use
- Enter the home price and your down payment.
- Enter the annual interest rate and loan term in years.
- Add yearly property tax, yearly insurance, and monthly HOA dues.
- Read your total monthly payment broken down into PITI and HOA.
Examples
- $400k home, $80k down at 6.5% / 30 yr:
monthly $2,672.62 - Principal & interest only:
$320,000 loan → $2,022.62
FAQ
- What is PITI?
- PITI stands for principal, interest, taxes, and insurance — the four parts of a typical monthly mortgage payment. This calculator adds HOA dues on top to estimate your full housing cost.
- How is the principal and interest payment calculated?
- Payment = P·r·(1+r)^n / ((1+r)^n − 1), where P is the loan amount (home price minus down payment), r is the monthly rate (annual ÷ 12 ÷ 100), and n is the term in months.
- Does this include property tax and insurance?
- Yes. Your yearly property tax and insurance are divided by 12 and added to the monthly payment, along with any monthly HOA dues.