Full monthly mortgage cost including principal, interest, property tax, home insurance, PMI and HOA fees.
Also known as mortgage calculator with taxes and insurance, piti calculator, house payment calculator.
Enter values
Result
Total monthly payment
$2,514.28
Principal & interest
$2,022.62
Property tax
$366.67
Insurance
$125.00
PMI
$0.00
Not required (20%+ down)
HOA
$0.00
Loan amount
$320,000.00
Total interest
$408,142.36
Amortization schedule (yearly)
Period
Principal paid
Interest paid
Balance
Year 1
3,576.72
20,694.69
316,423.28
Year 2
3,816.26
20,455.15
312,607.02
Year 3
4,071.84
20,199.57
308,535.17
Year 4
4,344.54
19,926.87
304,190.63
Year 5
4,635.5
19,635.91
299,555.13
Year 6
4,945.95
19,325.46
294,609.18
Year 7
5,277.19
18,994.22
289,331.98
Year 8
5,630.62
18,640.8
283,701.37
Year 9
6,007.71
18,263.7
277,693.66
Year 10
6,410.06
17,861.36
271,283.6
Year 11
6,839.35
17,432.06
264,444.26
Year 12
7,297.39
16,974.02
257,146.86
Year 13
7,786.11
16,485.3
249,360.75
Year 14
8,307.56
15,963.85
241,053.19
Year 15
8,863.94
15,407.48
232,189.25
Year 16
9,457.57
14,813.84
222,731.68
Year 17
10,090.96
14,180.45
212,640.72
Year 18
10,766.77
13,504.64
201,873.95
Year 19
11,487.84
12,783.57
190,386.11
Year 20
12,257.2
12,014.21
178,128.9
Year 21
13,078.09
11,193.32
165,050.81
Year 22
13,953.96
10,317.46
151,096.86
Year 23
14,888.48
9,382.93
136,208.38
Year 24
15,885.59
8,385.83
120,322.79
Year 25
16,949.47
7,321.94
103,373.32
Year 26
18,084.61
6,186.8
85,288.71
Year 27
19,295.77
4,975.64
65,992.94
Year 28
20,588.05
3,683.37
45,404.89
Year 29
21,966.86
2,304.55
23,438.03
Year 30
23,438.03
833.39
0
Estimates only. Taxes, insurance and PMI vary by location and lender.
About the Mortgage Calculator
A mortgage payment is more than principal and interest. This calculator adds property tax, homeowners insurance, private mortgage insurance (when the down payment is under 20%) and HOA dues to show your real monthly housing cost.
Also known as: mortgage calculator with taxes and insurance, piti calculator, house payment calculator, mortgage emi.
How to use this calculator
Enter home price, down payment, interest rate, term and the other fields.
The result updates instantly as you type — press Calculate (or Enter) at any time.
Review the breakdown shown under the main result.
Use Copy result or Share to save the answer or send a link with your inputs.
Mortgage formula
Monthly = P&I + tax/12 + insurance/12 + PMI + HOA
Worked example
Using the values pre-filled in the calculator above:
Home price = 400,000
Down payment = 20 %
Interest rate = 6.5 %
Term = 30 years
Property tax (annual, % of price) = 1.1 %
Home insurance (annual) = 1,500
PMI (annual, % of loan) = 0.5 %
HOA (monthly) = 0
the calculator returns:
Total monthly payment: 2,514.28
Principal & interest: 2,022.62
Property tax: 366.67
Insurance: 125
Frequently asked questions
How can I avoid PMI?
Put at least 20% down, or request cancellation once your loan balance falls to 80% of the home’s original value.
How is the monthly payment calculated?
With the standard amortization (EMI) formula M = P·r·(1 + r)ⁿ / ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly interest rate (annual rate ÷ 12) and n the number of monthly payments.
Why is most of the early payment interest?
Interest is charged on the outstanding balance, which is highest at the start. As the balance falls, more of each fixed payment goes to principal.