Open a calculator
Mortgage Calculators

Mortgage Calculator with Taxes and Insurance

Use this calculator to determine your monthly mortgage principal, interest, taxes and insurance payment (PITI) and amortization schedule.

Inputs
$
$
%
%
$
$

Estimates only. Adjust any value to recalculate instantly.

Results
Total monthly payment (PITI) $2,283.69 $288,000 financed at 6.50%
Principal & interest $1,820.36
Property tax $330.00
Home insurance $133.33
PMI — not required
Where your payment goes
Where your payment goes Principal & interest: $1.8kTaxes: $330Insurance: $133PMI: $0HOA: $0
  • Principal & interest $1.8k
  • Taxes $330
  • Insurance $133
  • PMI $0
  • HOA $0

With 20% or more down, no PMI is required.

Yearly amortization (principal & interest)View table
YearPrincipalInterestBalance
1$3,219$18,625$284,781
2$3,435$18,410$281,346
3$3,665$18,180$277,682
4$3,910$17,934$273,772
5$4,172$17,672$269,600
6$4,451$17,393$265,148
7$4,749$17,095$260,399
8$5,068$16,777$255,331
9$5,407$16,437$249,924
10$5,769$16,075$244,155
11$6,155$15,689$238,000
12$6,568$15,277$231,432
13$7,008$14,837$224,425
14$7,477$14,367$216,948
15$7,978$13,867$208,970
16$8,512$13,332$200,459
17$9,082$12,762$191,377
18$9,690$12,154$181,687
19$10,339$11,505$171,347
20$11,031$10,813$160,316
21$11,770$10,074$148,546
22$12,559$9,286$135,987
23$13,400$8,445$122,588
24$14,297$7,547$108,291
25$15,255$6,590$93,036
26$16,276$5,568$76,760
27$17,366$4,478$59,394
28$18,529$3,315$40,864
29$19,770$2,074$21,094
30$21,094$750$0

How the mortgage calculator with taxes and insurance works

On top of principal and interest, it adds the monthly share of your property tax, homeowners insurance, any HOA dues, and PMI when your down payment is under 20%. Together these make up the full PITI payment a lender actually evaluates.

Worked example

Worked example: with home price of $360,000, down payment of $72,000 and interest rate of 6.50%, the mortgage calculator with taxes and insurance shows total monthly payment (piti) of $2,283.69.

Principal & interest
$1,820.36
Property tax
$330.00
Home insurance
$133.33
PMI
—

The formula

PITI = principal & interest + (property tax ÷ 12) + (insurance ÷ 12) + PMI + HOA. PMI applies when loan-to-value exceeds 80%.

Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.

Frequently asked

Questions about the mortgage calculator with taxes and insurance

What does PITI stand for?

Principal, Interest, Taxes and Insurance — the four parts of a typical mortgage payment. Lenders qualify you on the full PITI figure, not just principal and interest.

How is property tax estimated here?

It applies your entered annual tax rate to the home price and divides by twelve. Your actual bill is set by local assessors, so use this as a close estimate.

When does PMI stop?

PMI is added while your loan-to-value is above 80%. As you pay down the balance and reach 20% equity you can request its removal; at 22% it is dropped automatically.

Is the Mortgage Calculator with Taxes and Insurance free to use?

Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.

Related calculators
15 vs. 30 Year Mortgage Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you. 20 vs. 30 Year Mortgage Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you. Adjustable Rate Mortgage Calculator This calculator helps you to determine what your adjustable mortgage payments will be. APR Calculator for Adjustable Rate Mortgages Use this calculator to find the APR on your adjustable rate mortgage. APR Mortgage calculator Use this calculator to find the APR on your mortgage. ARM & Interest Only ARM vs. Fixed Rate Mortgage Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.