Mortgage PITI Calculator
Calculate your total monthly mortgage payment including Principal, Interest, Taxes, and Insurance
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₹
20.0% of home price
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₹
₹
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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:₹50,00,000
Down Payment:₹10,00,000 (20.0%)
Loan Amount:₹40,00,000
LTV Ratio:80.00%
Monthly P&I:₹34,713
Monthly PITI:₹45,963
Total Payments:240 months
Loan Term:20 years
Total Interest:₹43,31,103
Total Taxes:₹10,00,000
Total Insurance:₹5,00,000
Total Cost:₹1,20,31,103
Affordability Guidelines
28% Rule (Front-End Ratio)
Housing costs should not exceed 28% of gross monthly income.
Required Monthly Income:
₹1,64,153
36% Rule (Back-End Ratio)
Total debt payments should not exceed 36% of gross monthly income.
Required Monthly Income:
₹1,27,675
Down Payment
✓ 20%+ down payment (No PMI required)
20% Down Payment:
₹10,00,000
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