Mortgage Calculator
Estimate your monthly PITI — principal, interest, property tax, insurance, and PMI.
Loan amount
$340,000.00LTV 80.0% · Down payment 20.0%Total monthly payment (PITI)
$2,724.03
Principal + Interest
$2,149.03
Property tax
$450.00
Insurance
$125.00
PMI
—
Total interest: $433,651.26
Total paid (loan): $773,651.26
Total taxes (term): $162,000.00
Total insurance (term): $45,000.00
What "PITI" means
- Principal — paying down what you borrowed.
- Interest — the cost of borrowing.
- Taxes — annual property tax, billed monthly into escrow.
- Insurance — homeowners (and sometimes flood) insurance.
PMI (private mortgage insurance) is typically required when your down payment is under 20%. US lenders generally drop PMI once you reach 22% equity on a conventional loan.
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