Finance

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PITI Calculator.

Estimate principal, interest, taxes, and insurance payment components.

On-device calculationNo signup
01

Set your values

Results update as you type.

Total monthly PITI: $1,838.92 $

Total monthly PITI

$0.00$
Principal and interest: $1,438.92 $

Principal and interest

$0.00$
Monthly property tax: $200.00 $

Monthly property tax

$0.00$
Monthly insurance: $100.00 $

Monthly insurance

$0.00$
Monthly PMI: $0.00 $

Monthly PMI

$0.00$
Monthly HOA: $100.00 $

Monthly HOA

$0.00$

FAQs

How does the piti calculator work?

Enter the requested values to receive a deterministic result. No live market, tax, or jurisdiction data is inferred.

Use Cases

Budgeting for a new home purchase

Use this calculator to estimate your total monthly housing costs before buying a home, helping you determine what you can afford and plan your budget.

Example: Enter a $300,000 loan at 6% for 30 years, with $3,600 annual taxes, $1,200 insurance, $100 HOA, and $1,800 PMI to see your total monthly payment.

Comparing mortgage offers

Compare different loan amounts, interest rates, terms, and associated costs to see how they affect your monthly payment and overall affordability.

Example: Compare a 15-year vs. 30-year term with the same loan amount and rate to see the difference in monthly payments.

Frequently Asked Questions

What does PITI stand for?
PITI stands for Principal, Interest, Taxes, and Insurance. This calculator also includes PMI (Private Mortgage Insurance) and HOA (Homeowners Association) fees to give you a complete monthly housing cost estimate.
How is the monthly principal and interest calculated?
The monthly principal and interest are calculated using the loan principal, annual interest rate, and loan term in years. The calculator uses the standard amortization formula to determine the fixed monthly payment that pays off the loan over the specified term.
What is PMI and when is it required?
PMI (Private Mortgage Insurance) is typically required when your down payment is less than 20% of the home's value. This calculator lets you enter the annual PMI amount, which is then divided by 12 and added to your monthly payment.

Tips & Common Mistakes

Tips

  • Enter the annual property tax and insurance amounts as yearly totals; the calculator will convert them to monthly for you.
  • If you don't have PMI or HOA fees, enter 0 in those fields to get an accurate estimate.
  • Remember that your actual property taxes and insurance may change over time, so review them periodically.
  • Use this calculator as a planning tool, but also consult with a mortgage professional for a precise quote.

Common Mistakes to Avoid

  • Entering monthly property tax or insurance amounts instead of annual amounts, which can overstate your monthly payment.
  • Forgetting to include PMI or HOA fees if they apply to your situation, leading to an underestimate of your true monthly cost.
  • Using the interest rate as a decimal (e.g., 0.06) instead of a percentage (6), which will result in incorrect calculations.

Last updated: August 13, 2026