Free Tool — Instant Estimate
Mortgage Payment Calculator
Estimate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI).
Monthly Mortgage Payment Estimator (PITI)
Understanding Your Mortgage Payment
Your monthly mortgage payment is typically made up of four components, often referred to as PITI: Principal, Interest, Taxes, and Insurance. Understanding each component helps you budget accurately and compare loan options.
Principal
The portion of your payment that reduces your loan balance.
Interest
The cost of borrowing money, calculated on your remaining balance.
Property Taxes
Collected monthly and held in escrow to pay your annual tax bill.
Homeowner's Insurance
Protects your home and is typically required by lenders.