Mortgage PITI & PMI Calculator
Input Information
Result
Monthly PITI
$2,523
Principal & Interest
$2,023
Property tax
$400
Home insurance
$100
PMI
$0
Total interest
$408,142
※ PMI applies when LTV exceeds 80% and typically cancels once you reach 20% equity. Figures are estimates.
Estimate your US mortgage monthly payment including principal, interest, property tax, insurance, and PMI.
- Enter home price and down payment %.
- Enter loan term, rate, annual tax and insurance.
- Review monthly PITI and its breakdown.
P: loan principal, r: monthly rate, n: months, T: annual tax, I: annual insurance
- A 20%+ down payment avoids PMI.
- Property tax varies widely by location.
QWhat does PITI mean?
Principal, Interest, Taxes, and Insurance — the full monthly cost of owning a home.
QWhen does PMI go away?
Once your loan-to-value drops below 80% (20% equity), PMI usually cancels automatically or by request.
QWhere does property tax go?
Paid to local government for schools, roads, and public services; rates vary widely by location.