What is a PITI mortgage payment?

PITI stands for Principal, Interest, Taxes and Insurance. Your total mortgage payment typically includes all four, and PMI (Private Mortgage Insurance) when your down payment is below 20%.

How much mortgage can I afford?

A common guideline is that your total monthly housing payment should not exceed 28% of your gross monthly income, and your total debts including housing should stay below 36%.

Mortgage Calculator

See your complete monthly house payment including all property costs.

Mortgage Details

Mortgage Amount ($)

Interest Rate (% per annum)

Mortgage Term (years)

yrs

Property Tax ($/year)

Home Insurance ($/year)

PMI (% of loan / year)

HOA Fees ($/month)

Total Monthly Payment

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Principal & Interest (EMI)

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Tax, Insurance, PMI & HOA

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Loan Amount

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Total Payment

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Total Interest

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Principal vs Interest by Year

Mortgage Amortization Schedule

See how each payment builds your home equity.

Month	Payment	Principal	Interest	Extra	Balance

Mortgage Calculator FAQ

What is included in my monthly mortgage payment?▶

Your total payment includes the EMI (principal and interest), property tax, home insurance, private mortgage insurance (PMI) when required, and any HOA fees — sometimes called PITI.

Should I choose a 15-year or 30-year mortgage?▶

A 30-year term has a lower monthly payment but much higher total interest. A 15-year term costs more per month but saves a large amount of interest and builds equity faster.

When does PMI go away?▶

PMI is generally removed automatically once you reach 22% equity and can be cancelled at 20% equity by requesting it from your lender.