PITI and HOA estimate
See principal, interest, taxes, insurance, mortgage insurance and association dues separately instead of treating the loan payment as the full housing cost.
Mortgage Calculator with Taxes, Insurance & PMI
Estimate a U.S. fixed-rate mortgage payment, total monthly housing cost, cash at closing, extra-payment savings and a complete amortization schedule.
Planning estimate—not a loan offer or approval. Actual rate, APR, escrow, mortgage insurance, taxes, closing costs and payment can differ. Compare the result with a lender’s official Loan Estimate.
U.S. mortgage payment and amortization workspace
Fixed-rate calculation · PITI and HOA · Extra payments · Local browser processing
Your mortgage estimate will appear here
Calculate to see the monthly payment, amortization, payoff date, total interest and extra-payment savings.
Estimated total monthly housing cost$0Principal, interest, taxes, insurance, PMI and HOA based on the entered assumptions.
Principal & interest$0
Loan amount$0
Down payment$0
Cash at closing$0
Total loan interest$0
Estimated payoff—
Interest saved$0
Time saved0 months
Front-end ratio—
Back-end ratio—
Initial monthly cost breakdown
Common fixed-term comparison
Amortization schedule
What this U.S. mortgage calculator includes
A mortgage payment is more than principal and interest. This workspace combines the fixed loan payment with user-entered property tax, homeowners insurance, mortgage insurance and HOA dues, then builds a month-by-month payoff schedule.
Extra-payment analysis
Compare the standard schedule with monthly, annual and one-time principal payments to estimate interest and time saved.
Closing-cash planning
Combine down payment, entered closing costs and discount points without pretending to replace a lender’s transaction-specific disclosure.
How to use the mortgage calculator
Enter the home and loan details
Add the home price, down payment, fixed interest rate, loan term and first payment date.
Add monthly housing costs
Enter property taxes, homeowners insurance, HOA dues and an optional mortgage-insurance estimate.
Set optional extra payments
Add recurring monthly, annual or one-time principal payments and optional closing-cost assumptions.
Calculate the mortgage
Review principal and interest, estimated total monthly housing cost, payoff date, total interest and debt-to-income planning ratios.
Review and export the schedule
Switch between annual and monthly amortization, compare common terms, then copy, print or download the report and CSV schedule.
Mortgage calculation assumptions and limitations
Fixed-rate amortization
The principal-and-interest calculation assumes one fixed annual rate, monthly compounding and level scheduled payments. Adjustable-rate changes, buydowns and interest-only periods are not modeled.
Escrow costs can change
Property taxes, insurance and mortgage-insurance charges are held constant in the schedule. Actual escrow payments may rise or fall as those costs change.
Official disclosures control
Use the lender’s Loan Estimate and Closing Disclosure for APR, lender credits, prepaid items, escrow deposits and legal obligations.
Official U.S. mortgage guidance
Total monthly payment
The Consumer Financial Protection Bureau explains that total payment commonly includes costs beyond principal and interest, including taxes, homeowners insurance and possibly mortgage insurance. Read CFPB guidance.
PMI cancellation
CFPB guidance describes borrower-requested cancellation around 80% scheduled balance and automatic termination rules that can apply around 78%, subject to the loan and payment conditions. Review PMI guidance.
Extra payments
Freddie Mac provides educational guidance showing that additional principal can affect payoff time and total interest. Open the official resource.
Privacy and browser compatibility
Mortgage inputs are processed inside the browser. This page has no tool-specific upload, account, database or external calculation request. Download files are generated locally and temporary object URLs are revoked after use. The calculator is designed for current stable Chrome, Edge, Firefox and Safari on desktop and mobile.
Frequently asked questions
What does this mortgage calculator calculate?
It estimates fixed-rate principal and interest, property taxes, homeowners insurance, PMI, HOA dues, cash at closing, payoff timing, total interest, extra-payment savings and an amortization schedule.
What is included in the estimated total monthly payment?
The estimate combines principal and interest with the entered monthly property tax, homeowners insurance, mortgage insurance and HOA amounts. Actual escrow and provider charges can change.
What is PITI?
PITI means principal, interest, taxes and insurance. HOA dues and some mortgage-insurance charges may be additional to PITI.
How is the principal and interest payment calculated?
The calculator uses the standard fixed-payment amortization formula based on the loan amount, monthly interest rate and number of scheduled monthly payments.
Can I enter the down payment as dollars or a percentage?
Yes. Choose dollars or percent. The tool converts the value and calculates the resulting loan amount.
Can I calculate a zero-interest loan?
Yes. At a zero interest rate, the principal and interest payment is the loan amount divided evenly across the selected number of months.
Does this calculator show current mortgage rates?
No. Rates change by lender, market, credit profile, loan type, points and lock period. Enter the rate from a current lender quote or Loan Estimate.
What is private mortgage insurance?
PMI generally protects the lender, not the borrower, and may apply to some conventional mortgages with a smaller down payment. Enter the premium quoted for your loan.
Does PMI always stop at 78 percent loan-to-value?
No. The optional 78 percent setting is only a planning assumption based on scheduled balance and original property value for loans covered by applicable cancellation rules. Loan type, payment status and servicer requirements matter.
Can I use this calculator for FHA, VA or USDA loans?
You can estimate principal and interest, taxes, insurance and manually entered fees, but government loan insurance premiums, guarantee fees and cancellation rules differ and are not automatically modeled.
How are property taxes entered?
You can enter an annual dollar amount or an annual percentage of the home price. The calculator divides the result into twelve equal monthly estimates.
Does the property-tax estimate account for reassessment?
No. It assumes the entered annual amount remains constant. Tax assessments, exemptions and local rates can change after purchase.
Does homeowners insurance remain constant?
The schedule uses the entered annual premium as a constant planning estimate. Actual premiums, deductibles and coverage can change.
Are HOA dues part of the mortgage?
HOA or condominium dues are normally separate from the loan payment, but the calculator includes the entered monthly amount in the housing-cost estimate.
What are discount points?
Discount points are prepaid interest charged as a percentage of the loan amount. The calculator includes the entered point cost in estimated cash at closing but does not predict the rate reduction.
What does estimated cash at closing include?
It includes the calculated down payment, entered closing costs and discount-point cost. It does not automatically include earnest money credits, prepaid interest, escrow deposits, lender credits or every settlement item.
How do monthly extra payments affect the loan?
Extra principal payments can reduce the balance faster, shorten the payoff period and lower total interest, assuming the servicer applies them to principal without a penalty.
How does the annual extra payment work?
The selected amount is added after every twelfth scheduled payment. The report identifies this simplifying timing assumption.
Can I add a one-time extra payment?
Yes. Enter an amount and the scheduled payment number when it should be applied.
Does the calculator check for prepayment penalties?
No. Review the note and loan documents or ask the lender or servicer before making extra payments.
What does interest saved mean?
It is the difference between estimated base-schedule interest and interest after the entered extra-payment plan.
Why can the final payment be smaller?
The last payment is reduced when the remaining balance is less than the normal principal portion and scheduled extra payment.
What is the amortization schedule?
It shows how each payment is divided among interest, scheduled principal and extra principal, along with the remaining loan balance.
What do the 15-, 20- and 30-year comparisons show?
They compare principal and interest and total interest using the current loan amount and rate. Taxes, insurance, PMI and fees are excluded from that term comparison.
What is the front-end housing ratio?
It is the estimated monthly housing payment divided by entered gross monthly income. It is provided only as a planning ratio, not an approval standard.
What is the back-end debt-to-income ratio?
It is the estimated housing payment plus entered monthly debt obligations divided by gross monthly income. Lenders can calculate qualifying income and debts differently.
Is this an affordability or loan-approval decision?
No. It is a mathematical planning estimate. Lenders also review credit, income documentation, assets, reserves, loan rules, property details and other underwriting factors.
Can I download the amortization schedule?
Yes. You can download the complete monthly schedule as CSV and the calculation summary as TXT. Both filenames begin with correctioncopy.com_.
Are my financial values uploaded?
No page-specific request uploads the calculator inputs. The arithmetic and report creation run in the browser.
Does the calculator store my values?
No tool-specific account or persistent storage is used. Values remain in the current page session unless the browser restores form state.
Can I use the mortgage calculator on a phone?
Yes. The form, sticky desktop result area, mobile result layout, charts, tables and exports are designed for current mobile browsers.
Should I rely on this result instead of a Loan Estimate?
No. Use lender disclosures and the final closing documents for transaction-specific costs, payment details, APR, escrow and legal obligations.
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