CalcAtlas

Mortgage PITI Calculator

Estimate principal, interest, taxes, and insurance to understand the true monthly mortgage commitment.

Mortgage PITI Calculator

Calculate your total monthly mortgage payment including Principal, Interest, Taxes, and Insurance

$
$
20.0% of home price
$
$
$
$
Private Mortgage Insurance
Total Monthly Payment (PITI)
$45,963
Principal + Interest + Taxes + Insurance + HOA + PMI
Principal & Interest
$34,713
75.5% of PITI
Property Tax
$4,167
9.1% of PITI
Insurance
$2,083
4.5% of PITI
HOA + PMI
$5,000
10.9% of PITI

Monthly Payment Breakdown

Lifetime Cost Analysis

Mortgage Summary

Home Price:$5,000,000
Down Payment:$1,000,000 (20.0%)
Loan Amount:$4,000,000
LTV Ratio:80.00%
Monthly P&I:$34,713
Monthly PITI:$45,963
Total Payments:240 months
Loan Term:20 years
Total Interest:$4,331,103
Total Taxes:$1,000,000
Total Insurance:$500,000
Total Cost:$12,031,103

Affordability Guidelines

28% Rule (Front-End Ratio)

Housing costs should not exceed 28% of gross monthly income.

Required Monthly Income:
$164,153
36% Rule (Back-End Ratio)

Total debt payments should not exceed 36% of gross monthly income.

Required Monthly Income:
$127,675
Down Payment

✓ 20%+ down payment (No PMI required)

20% Down Payment:
$1,000,000

Understanding PITI

P - Principal: The amount you borrowed to buy the home

I - Interest: The cost of borrowing money from the lender

T - Taxes: Annual property taxes paid to local government

I - Insurance: Homeowners insurance to protect your property

HOA - Homeowners Association: Monthly fees for community maintenance and amenities

PMI - Private Mortgage Insurance: Required if down payment is less than 20%

LTV - Loan-to-Value Ratio: Percentage of home value being financed