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Mortgage Payment Calculator with Taxes, Insurance, PMI and HOA (PITI)

What does this come to under the current IRS rules?

Principal and interest, monthly property tax, insurance, mortgage insurance and HOA dues, with loan-to-value.

  • Runs in your browser
  • Nothing stored or sent
  • Free, no sign-up
Your figures
Example figuresIllustrative only. Type over them with your own.
Total monthly payment (PITI + PMI + HOA)
$2,972
Everything due each month
Principal and interest
$2,275
Property tax per month
$367
Drawn to one scale
Total monthly payment (PITI + PMI + HOA)$2,972
Principal and interest$2,275
Property tax per month$367
Insurance per month$150
Mortgage insurance per month$180
HOA per month$0
All results
MeasureResult
Total monthly payment (PITI + PMI + HOA)$2,972
Principal and interest$2,275
Property tax per month$367
Insurance per month$150
Mortgage insurance per month$180
HOA per month$0
Loan amount$360,000
Loan-to-value90.00%
How this was worked out
Work shownrecomputed as you type
Loan = price x (1 - down payment %)
P&I = loan x r / (1 - (1 + r)^-n), r = rate / 12, n = years x 12
Total = P&I + tax/12 + insurance/12 + mortgage insurance/12 + HOA

Illustrative arithmetic on the figures you enter. Check the result against your firm's methodology before relying on it.

The formulas

  • Loan = price x (1 - down payment %)
  • P&I = loan x r / (1 - (1 + r)^-n), r = rate / 12, n = years x 12
  • Total = P&I + tax/12 + insurance/12 + mortgage insurance/12 + HOA

How it works

A mortgage bill has more than principal and interest. Escrow collects property tax and homeowners insurance each month, and loans above 80 percent loan-to-value carry private mortgage insurance in this tool. HOA dues are paid separately but belong in what you can afford.

The tool charges mortgage insurance only when the loan is above 80 percent of price. Rates vary by lender, credit score and state; use your Loan Estimate. See the PMI cancellation calculator for when the insurance can end.

Illustrative figures only. Check the result against your firm's methodology before relying on it.

Common questions

Is the tax rate based on price?

Local assessors may use a different assessed value. Use the rate from your tax bill when you have it.

Do taxes change the payment?

Yes. Escrow resets yearly as tax and insurance change.

Is this an APR?

No. It does not include points or closing costs.

Formulas on this page are the standard definitions.

Runs in your browser. The figures you type are not sent to CORAA or stored. Check the result against your firm's methodology before relying on it.

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