Mortgage Calculator
PITI · PMI · total cost · US / global
$400,000
$80,000
20%
6.5%
30 years
$
$
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Total monthly payment
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Principal & interest
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Property tax / mo
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Insurance / mo
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PMI / mo
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Total paid over term
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Total interest
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Loan amount
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Loan-to-value
Mortgage snapshot
Enter your numbers to see the full PITI breakdown, total cost over the term and whether private mortgage insurance applies.
Related tools
How PITI and PMI work
- PITI = Principal + Interest + property Tax + insurance — the real monthly cost most US mortgages escrow.
- PMI (Private Mortgage Insurance) usually applies when your down payment is below 20%. It is added to the loan until you reach ~20–22% equity, then can be cancelled.
- Loan-to-value (LTV) = loan ÷ home price. Lower LTV unlocks better rates and avoids PMI.
- Total cost includes principal, interest, tax, insurance, HOA and PMI for the estimated period it applies. It assumes the tax, insurance and HOA inputs stay unchanged over the full term.
India note: Indian home loans are typically quoted as EMI (principal + interest) without escrow tax/insurance. This tool is global — switch the currency to ₹ for Indian use, and enter property tax/insurance only if they apply to you.