Mortgage Calculator Pro
Calculate your monthly mortgage payment including Principal, Interest, Taxes, and Insurance (PITI). Professional amortization logic.
Total Monthly Payment (PITI)
Principal & Interest Only
Chart
Data
Value
Strategic Optimization
Mortgage Calculator Pro
Calculate your true monthly housing payment with PITI (Principal, Interest, Taxes, Insurance).
Breaking Down 'PITI'
Your mortgage payment is more than just the loan. Lenders usually collect 4 things in one check:
- Principal: The money that actually pays down your loan balance. This builds equity.
- Interest: The fee the bank charges you. In the first few years, your payment is mostly interest.
- Taxes (Property Tax): The bank collects this monthly and pays your county/city government once a year.
- Insurance: Homeowners insurance protects the asset.
The 28/36 Rule
Financial advisors use this rule to check affordability:
- Housing Ratio (28%): Your PITI payment should not exceed 28% of your gross monthly income.
- Debt Ratio (36%): Your total debt payments (House + Car + Student Loans + Credit Cards) should not exceed 36% of gross income.
[!IMPORTANT] PMI (Private Mortgage Insurance): If you put down less than 20%, you will likely pay an extra fee called PMI. This protects the lender, not you. Aim for 20% down to remove this cost.
Top Recommended Partners
Independently verified choices to help you with your results.
LendingTree
Network of 500+ lenders. Compare rates instantly.
- Personal & Business Loans
- No Credit Impact to Check
- Multiple Offers in Minutes
SoFi
The modern way to manage your finance. All-in-one app.
- $0 Late Fees
- Member Benefits
- High Payout Ratios
📚 Mortgage Pro Resources
Explore top-rated mortgage pro resources on Amazon
As an Amazon Associate, we earn from qualifying purchases
Zero spam. Only high-utility math and industry-vertical alerts.
Spot an error or need an update? Let us know
Disclaimer
This calculator is provided for educational and informational purposes only. It does not constitute professional legal, financial, medical, or engineering advice. While we strive for accuracy, results are estimates based on the inputs provided and should not be relied upon for making significant decisions. Please consult a qualified professional (lawyer, accountant, doctor, etc.) to verify your specific situation. CalculateThis.ai disclaims any liability for damages resulting from the use of this tool.