Finance

Mortgage Calculator

Estimate your full monthly home payment — principal, interest, property tax, home insurance, and HOA — plus loan-to-value ratio and a heads-up when your down payment would trigger mortgage insurance in the US.

Tool Summary Answer Block

This tool accepts structured input and returns deterministic output in the browser with no server upload.

Tool name: Mortgage Calculator
Input intent: Provide source content to transform, validate, or analyze.
Output intent: Receive normalized output suitable for copy, reuse, or debugging.
Example input: $400,000 home · 20% down · 6.5% · 30 years · $4,800 tax · $1,200 ins · $0 HOA
Example output: PITI ≈ $2,522/mo · P&I ≈ $2,022/mo

Home price

CurrencyDown payment

Annual interest rate (%)Term (years)Annual property tax

Annual home insurance

Monthly HOA dues

Monthly (PITI + HOA)

$2,522.62

Principal & interest

$2,022.62

Loan amount

$320,000.00

Taxes

$400.00/mo

Insurance

$100.00/mo

HOA

$0.00/mo

Down payment

$80,000.00 (20.0%)

Tool Introduction

Tool Overview

Your true monthly housing cost is more than the amortized loan payment. Lenders usually bundle property tax and hazard insurance into escrow (the "T" and "I" in PITI), and many homes add HOA dues on top. This calculator combines all four figures and also shows your down-payment percentage, loan-to-value, and a private-mortgage-insurance warning for US buyers with less than 20% down. All inputs are local to the browser.

Use Cases

Compare 15-year vs 30-year mortgages on the same home
Check whether a bigger down payment brings the payment under your budget
Estimate buying power before talking to a lender
See the impact of taxes and HOA on your total monthly cost

Input/Output Examples

Input Intent

$400,000 home · 20% down · 6.5% · 30 years · $4,800 tax · $1,200 ins · $0 HOA

Output Intent

PITI ≈ $2,522/mo · P&I ≈ $2,022/mo

Input Intent

$400,000 home · 10% down · 6.5% · 30 years

Output Intent

PMI warning shown (LTV 90%)

FAQ

What is PITI?+

Principal, Interest, Taxes, and Insurance — the four components of a typical US escrowed mortgage payment. PITI + HOA is usually what your lender and budgeting tools care about.

Does it calculate PMI?+

Not directly. PMI rates depend on lender, credit score, and loan program. We flag when your down payment is below 20%, which is the usual trigger for PMI on conforming US mortgages.

What about ARM or interest-only mortgages?+

The tool models a conventional fixed-rate, fully-amortizing loan. Adjustable-rate mortgages have rate changes; interest-only mortgages defer principal — neither is represented here.

Can I use this outside the US?+

Yes — the math works for any fixed-rate mortgage. Some local concepts (PMI in particular) are US-specific, so treat that warning as optional information.