Monthly Mortgage Calculator With Taxes and Insurance
Your real house payment is more than principal and interest. This calculator adds property tax, homeowners insurance, PMI (when you put down less than 20%) and HOA dues to give the full monthly amount lenders use.
- Total monthly payment
- $2,619.35
- Principal & interest
- $1,991.01
- Property tax
- $320.83
- Homeowners insurance
- $150.00
- PMI
- $157.50
- HOA
- $0.00
- Loan amount
- $315,000.00
Worked example
Example: $350,000 home, 10% down, 6.5%, 30 years
- Loan $315,000 → principal & interest $1,991
- Tax $3,850/yr = $321/mo; insurance $1,800/yr = $150/mo
- PMI 0.6% → $158/mo
Total ≈ $2,620/month.
Formula
Payment = P&I + Property tax ÷ 12 + Insurance ÷ 12 + PMI + HOA
P&I uses M = P × r ÷ (1 − (1 + r)⁻ⁿ). Property tax is often 0.5%–2% of the home value per year depending on the state.
Frequently asked questions
What is PITI?
Principal, Interest, Taxes and Insurance — the four parts of a typical escrowed mortgage payment.
Are taxes and insurance paid through escrow?
Usually. The lender collects 1/12 each month and pays the bills for you.
How much house can I afford?
Many lenders want the total housing payment under about 28% of gross income. Check with the DTI calculator.
Is this financial advice?
No. Results are estimates for planning and education. Rates, taxes and lender rules vary — confirm with your lender or a licensed financial professional.
Last reviewed October 17, 2026 · Calculations run in your browser; nothing you enter is sent to a server.