Full PITI, not just P&I

Mortgage Calculator With Taxes and Insurance

Plenty of calculators show only principal and interest, then your real payment arrives hundreds of dollars higher. This one folds in property tax, homeowners insurance, PMI, and HOA dues from the start, so the monthly figure you see is the one you will actually pay.

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Your numbers

Down payment
= $63,000 down · under 20% adds PMI
Loan term
This week's US averages: 6.49% for 30-year, 5.82% for 15-year (updated Jul 2026). Your rate depends on credit and lender. Freddie Mac PMMS
Estimated monthly payment
$2,953/mo
Drops to $2,789/mo when PMI ends Mar 2031
Principal
$32311%
Interest
$1,93165%
Property tax
$38513%
Home insurance
$1505%
PMI
$1646%
Loan amount
$357,000
Total interest
$454,489
Total cost
$1,013,252
principal, interest & fees
Payoff
Jun 2056
30 yr
Over the life of the loan

Loan balance over time

$0$89K$179K$268K$357K5y10y15y20y25y30y
Crossover in year 20, the point where more of each payment builds equity than pays interest.

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Full breakdown

Amortization schedule

Every payment, split into principal and interest. Export it or print a copy.

YearPrincipalInterestPMIBalance
2026$1,967$11,558$982$355,033
2027$4,129$22,920$1,964$350,904
2028$4,405$22,644$1,964$346,499
2029$4,700$22,350$1,964$341,799
2030$5,014$22,035$1,964$336,784
2031$5,350$21,700$327$331,435
2032$5,707$21,342$0$325,727
2033$6,089$20,961$0$319,638
2034$6,496$20,554$0$313,142
2035$6,930$20,119$0$306,212
2036$7,394$19,656$0$298,818
2037$7,888$19,161$0$290,930
2038$8,416$18,634$0$282,514
2039$8,978$18,071$0$273,536
2040$9,579$17,471$0$263,957
2041$10,219$16,830$0$253,738
2042$10,903$16,147$0$242,835
2043$11,632$15,418$0$231,204
2044$12,409$14,640$0$218,794
2045$13,239$13,811$0$205,555
2046$14,124$12,925$0$191,431
2047$15,069$11,981$0$176,362
2048$16,076$10,973$0$160,286
2049$17,151$9,898$0$143,135
2050$18,298$8,751$0$124,836
2051$19,522$7,528$0$105,315
2052$20,827$6,223$0$84,488
2053$22,220$4,830$0$62,268
2054$23,705$3,344$0$38,563
2055$25,290$1,759$0$13,272
2056$13,272$252$0$0
Why it matters

Taxes and insurance can add 20% to your payment

On a typical home, property tax and insurance together often run $500 to $800 a month. Skip them and your estimate is not just a little low, it can be off by a fifth of the total. Lenders know this, which is why they qualify you on the full PITI figure, not on principal and interest alone.

Both are usually held in an escrow account: your lender collects a twelfth of the annual cost with each payment, then pays the county and your insurer when the bills come due. That is why your payment can change year to year even on a fixed-rate loan.

Set your own numbers

Use local figures, not national averages

The defaults here are reasonable US averages, but property tax in particular swings hard by county, from well under 0.5% to over 2% a year. Insurance also varies with location, roof age, and coverage. Replace the defaults with your county's rate and a real quote, and the estimate tightens considerably.

Questions & answers

Frequently asked

What does PITI stand for?
Principal, Interest, Taxes, and Insurance, the four parts most lenders bundle into one monthly payment. Add PMI and HOA dues where they apply and you have the complete housing cost.
Are taxes and insurance always escrowed?
Usually, especially with less than 20% down. Some borrowers with strong equity can waive escrow and pay the bills themselves, but most lenders prefer to collect and pay them for you.
Why did my payment go up on a fixed-rate loan?
Your rate is fixed, but property tax assessments and insurance premiums are not. When they rise, the escrow portion of your payment rises to match, even though principal and interest stay the same.
Can I estimate without knowing my exact tax rate?
Yes. Start with the 1.1% default, then refine it once you know the county's effective rate. Even a rough figure gets you far closer than principal and interest alone.
MF
Marcus Fielding· Mortgage analyst & editor
Published June 2026 · Updated July 2026
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