Free Mortgage Calculator
Calculate your monthly mortgage payment (PITI) including principal, interest, taxes, insurance, and HOA fees. Get accurate estimates for your home loan payment.
Mortgage Payment Calculator
Enter your loan details below to calculate your monthly payment
What is PITI?
PITI stands for Principal, Interest, Taxes, and Insurance - the four components of your monthly mortgage payment. Understanding PITI helps you budget accurately for homeownership.
How to Use This Calculator
Enter your home price, down payment, interest rate, and loan term. Add optional expenses like property taxes, insurance, and HOA fees for a complete monthly payment estimate.
Mortgage Calculator FAQ
What is PITI in a mortgage payment?
PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a typical monthly mortgage payment. Principal and interest pay down the loan, while taxes and insurance are often collected into an escrow account.
How is a monthly mortgage payment calculated?
The principal and interest portion is calculated with the standard amortization formula using the loan amount, interest rate, and term. Estimated monthly property taxes, home insurance, and any HOA fees are then added to get the total monthly payment.
How much should my down payment be?
A 20% down payment lets you avoid private mortgage insurance (PMI), but many loan programs allow 3%–5% down. A larger down payment lowers your loan amount and monthly payment.
Is this mortgage calculator free?
Yes. DealBeast's mortgage calculator is completely free to use, with no sign-up required.