Mortgage Loan Calculator

Calculate PITI (Principal, Interest, Taxes, Insurance), PMI, and accelerated payoff savings.

Input Parameters

Home Market Value ($)$400,000

Down Payment (%)

Down Payment ($)

$80,000

Annual Interest Rate (%)

Loan Term

Annual Property Tax ($)

Homeowners Insurance ($/yr)

Extra Monthly Principal ($)

Calculation Summary

Total Monthly PITI Payment

$2539.28

Principal & Interest: $2022.62/months

Principal Borrowed$320,000

Annual Property Tax ($)$400.0/months

Homeowners Insurance ($/yr)$116.7/months

PMI (Private Mortgage Insurance)None (Down payment >= 20%)

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About this calculator

A mortgage calculator estimates PITI — principal and interest plus property tax and insurance — and shows when PMI drops off and how extra payments shorten the loan.

Frequently asked questions

What is PITI?

Principal, interest, property tax and homeowner’s insurance combined into one monthly payment.

When does PMI go away?

PMI usually cancels once the loan balance falls to 80% of the home value (20% equity); the calculator flags the no-PMI case.

Do extra payments help?

Yes — even small extra principal payments cut months off the term and save interest, see the early-payoff savings block.