Mortgage Calculator (Monthly Payment, PITI & Amortization)

Buying a home or planning a loan? Use our free Mortgage Calculator to estimate your monthly mortgage payment, total interest, and total amount paid over the full loan term. This calculator allows you to include key real-world costs like down payment, property tax (monthly), and home insurance (monthly) so you can get a more accurate estimate of your total monthly payment (PITI).
You can also preview your amortization schedule (first 12 months) and download it as a CSV for quick planning.

Mortgage Calculator

Estimate monthly payments, total interest, and download an amortization preview.

Tip: Select “Custom” to enter your own loan term.
Monthly Payment (P+I)
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Total Monthly (PITI)
—
Loan Amount
—
Total Interest
—
Total Paid
—
Down Payment
—
Monthly Payment Breakdown
Principal + Interest—
Property Tax—
Insurance—
Total (PITI)—
Amortization Preview (First 12 Months)
Month Payment Principal Interest Balance
Download the first 12 months amortization schedule:

A mortgage calculator estimates your monthly home loan payment based on home price, down payment, interest rate, and loan term. This calculator also includes property tax and insurance to show your full monthly payment (PITI) and provides an amortization preview.

What Results You’ll Get by this Mortgage Calculator

  • After calculation, this tool shows:
  • Monthly Payment (P + I) → Principal + Interest
  • Total Monthly (PITI) → Principal + Interest + Taxes + Insurance
  • Loan Amount (after down payment)
  • Total Interest Paid over the full term
  • Total Paid overall
  • Down Payment value confirmation
  • Plus:
  • Monthly Payment Breakdown (P+I, Tax, Insurance, Total PITI)
  • Amortization Preview (First 12 Months) with balance reduction

Common Uses of a Mortgage Calculator

  • ● Home buyers estimating monthly payment affordability
  • ● Loan planning to decide the best loan term (10/15/20/30 years)
  • ● Comparing banks by checking different interest rates
  • ● Understanding down payment impact (lower loan amount = less interest)
  • ● Budgeting total monthly home cost using PITI
  • ● Financial planning using amortization preview & CSV download
  • ● Real estate consultants showing quick estimates to clients

Our Free Mortgage Calculator Tool Related FAQs

What does PITI mean in mortgage calculation?

PITI stands for Principal, Interest, Taxes, and Insurance. It represents a more realistic total monthly payment than principal + interest alone.

Does this mortgage calculator include property tax and insurance?

Yes. You can enter monthly property tax and monthly home insurance to calculate the full monthly payment (PITI).

Can I enter down payment as amount or percentage?

Yes. This tool lets you choose down payment as either an amount or a percentage (%), depending on your preference.

What is the difference between monthly payment and total monthly (PITI)?

Monthly payment (P+I) includes only principal and interest.
Total monthly (PITI) includes principal, interest, property tax, and insurance.

What is an amortization schedule?

An amortization schedule shows how your loan balance reduces month by month, including how much of each payment goes toward principal vs interest.

Can I download the amortization schedule?

Yes. You can download the first 12 months amortization preview as a CSV file using the download button.

Why is my total interest so high in the beginning?

In the early months of a mortgage, a larger portion of your payment goes toward interest. Over time, more of the payment goes toward principal.

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