Mortgage Payment Calculator
Estimate your full monthly housing payment with principal, interest, taxes, insurance, HOA, PMI, and cash to close.
Mortgage Payment Calculator With Full Housing Costs
This calculator goes beyond basic principal and interest. It includes property taxes, homeowners insurance, HOA dues, PMI, and closing costs so you can evaluate the real monthly and upfront cost of buying a home.
How Monthly Mortgage Payments Are Calculated
The core loan payment uses the fixed-rate amortization formula based on loan amount, interest rate, and term. The result is your principal-and-interest payment, which stays level on a fixed-rate mortgage.
Why PITI and HOA Matter
Lenders and buyers both look at total housing payment, not just principal and interest. PITI (principal, interest, taxes, insurance) plus HOA and PMI can materially change affordability and qualification.
Down Payment, PMI, and Cash to Close
Down payment percentage affects your loan size and whether PMI is required. Cash to close is usually your down payment plus closing costs, which should be planned separately from monthly expenses.
Frequently Asked Questions
What does PITI include?
PITI includes principal, interest, property taxes, and homeowners insurance.
When is PMI required?
PMI is commonly required when down payment is below 20 percent.
Should I include HOA in affordability?
Yes. HOA is a recurring fixed monthly housing cost and should be included in payment planning.
What is cash to close?
Cash to close is the amount due at closing, often down payment plus buyer closing costs.