Mortgage Calculator
Estimate your complete monthly housing payment including principal, interest, property taxes, homeowner insurance, and HOA dues.
Last verified: September 2026Inputs & Parameters
Estimated municipal property taxes
Annual hazard/homeowner policy
Monthly homeowner association dues (if applicable)
Calculation Results
Estimated monthly PITI payment (Principal, Interest, Taxes, and Insurance) based on a $320,000 mortgage loan.
Understanding Your Complete Monthly Mortgage Payment (PITI)
Your monthly housing expense typically extends beyond simple principal and interest. Lenders evaluate your loan using PITI: Principal, Interest, Taxes, and Insurance, alongside Homeowners Association (HOA) dues.
Principal & Interest (P&I)
The foundational payment that repays the money borrowed plus the lender's interest rate.
Property Taxes
Municipal county/city taxes held in an escrow account and paid annually on your behalf.
Homeowner Insurance
Hazard and casualty insurance policy required by mortgage lenders to protect the collateral.
HOA / Condo Dues
Monthly fees paid to a building or neighborhood association for community maintenance.
The Power of Your Down Payment
For many conventional U.S. mortgages, a 20% down payment may avoid borrower-paid private mortgage insurance (PMI). Requirements vary by lender and loan program. A higher down payment also directly reduces your borrowed principal and lowers the cumulative interest paid over the life of the loan.
Important Disclaimers
This calculator is provided for estimation and educational planning purposes only. It does not reflect loan origination points, closing costs, municipal transfer fees, or borrower-paid private mortgage insurance (PMI) where applicable for down payments under 20%. Lending criteria, mortgage insurance rules, and tax conventions vary widely by country, jurisdiction, and lender program. Consult a licensed mortgage professional for certified loan estimates.