Mortgage Calculator With Taxes and Insurance
A complete PITI calculator that adds property taxes, homeowners insurance, PMI, HOA dues, and other costs so your budget matches reality.
Why PITI matters
Lenders qualify you on the full housing payment, not just principal and interest. Including taxes and insurance keeps your debt-to-income ratio accurate.
How to use
- Enter home price, down payment type, term, and interest rate.
- Adjust annual property taxes and insurance to your county/state norms.
- Add HOA or other monthly costs if applicable.
- Review the total payment and amortization schedule.
Example breakdown
$500,000 home, 20% down, 6.10% fixed. P&I $2,427; taxes $500; insurance $120; HOA $80. Total $3,127/month.
Quick estimating tips
- Taxes: 0.9%–1.3% of value annually in many suburbs; check your county assessor.
- Insurance: $800–$1,800 per year depending on state, roof age, and coverage.
- PMI: Often 0.3%–1.5% annualized when down payment is under 20%.
FAQ
- Does PMI fall off automatically? Usually near 78% LTV; request removal at 80% with good payment history.
- Can I waive escrow? Sometimes with 20%+ down and strong credit; you’ll self-manage taxes and insurance.
- Will taxes change? They can after reassessment or improvements; keep a cushion in your budget.
Payments are estimates. Confirm local tax and insurance rates with your lender or insurer.
Run your numbers now in the primary calculator or compare two scenarios in side-by-side mode.