Mortgage Calculator with Taxes and Insurance
A mortgage calculator with taxes and insurance helps you estimate your complete monthly home payment by including principal, interest, property taxes, homeowners insurance, and PMI. Use our free PITI calculator to get accurate monthly payment estimates that reflect your true housing costs. This comprehensive tool accounts for all major homeownership expenses, preventing budget surprises and helping you make informed home buying decisions. Calculate your complete mortgage payment with taxes and insurance for better financial planning.
Free • Includes taxes & insurance • Instant results
How PITI Mortgage Calculation Works
PITI Mortgage Formula
Monthly Payment = Principal + Interest + Tax + Insurance
Principal & Interest: P × [r(1+r)^n] / [(1+r)^n - 1]
Property Tax: Annual Tax ÷ 12
Homeowners Insurance: Annual Premium ÷ 12
PMI: Loan Amount × PMI Rate ÷ 12
P = Loan Amount, r = Monthly Rate, n = Total Payments
Example PITI Mortgage Calculation
A $300,000 home with 20% down at 6.5% interest for 30 years has a principal & interest payment of $1,520. Adding $300/month property tax and $150/month insurance brings the total PITI payment to $1,970.
This shows how taxes and insurance can add $450+ to your monthly payment.
Benefits of PITI Mortgage Calculation
Frequently Asked Questions
What does PITI stand for?
PITI stands for Principal, Interest, Taxes, and Insurance - the four components of a complete mortgage payment.
How much do property taxes add to monthly payment?
Property taxes typically add $200-$500+ to monthly payments depending on your location and home value. Use our calculator for exact amounts.
Is PMI included in PITI?
Yes, PMI (Private Mortgage Insurance) is included in PITI calculations when your down payment is less than 20%.
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Get accurate PITI calculations including taxes, insurance, and all homeownership costs.
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