Real Estate Tools
Mortgage Calculator
Calculate your complete monthly mortgage payment. We include P&I plus property taxes, homeowners insurance, and PMI so you know your true monthly housing cost.
Configure
Mortgage parameters
Breakdown
Monthly payment components
What's included in your mortgage payment
P&I
Principal & Interest
The core loan payment. Principal reduces your balance; interest is the cost of borrowing. This ratio shifts over time.
T&I
Taxes & Insurance
Property taxes and homeowners insurance are typically collected monthly in an escrow account by your lender.
PMI
Private Mortgage Insurance
Required when down payment is less than 20%. PMI protects the lender and adds 0.5–1.5% annually to your loan.
Frequently asked questions
What is PITI? ▼
PITI stands for Principal, Interest, Taxes, and Insurance — the four components that make up your full monthly mortgage payment. Lenders evaluate PITI against your income when determining if you qualify.
How can I avoid PMI? ▼
Put at least 20% down to avoid PMI entirely. Alternatively, some lenders offer 'piggyback' loans (80/10/10) — a first mortgage for 80%, a second loan for 10%, and 10% down — to avoid PMI. Request PMI cancellation once your equity reaches 20%.
Should I choose a 15-year or 30-year mortgage? ▼
A 15-year mortgage has higher monthly payments but builds equity faster and saves significantly on total interest. A 30-year mortgage has lower payments, giving more cash flow flexibility. Choose based on your budget and financial goals.
Disclaimer: Results are estimates. Actual mortgage payments depend on your lender, credit score, and local taxes. Consult a mortgage professional for personalized quotes.
Support NumeraFin
Use this result, then keep moving to the next tool
If this calculator helped, share it, leave a quick rating, or jump back into the directory for the next decision.
Was this helpful?
Rate this tool
Tap a star to leave a rating.