Calculate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI). This free calculator uses live Freddie Mac rates and lets you adjust home price, down payment, loan term, and property tax rates to see your full monthly cost.
How It Works
Enter your home price, down payment, and loan term (15 or 30 years)
The calculator pulls live average rates from Freddie Mac or lets you enter a custom rate
Monthly P&I is computed using the standard amortization formula: M = P[r(1+r)^n]/[(1+r)^n – 1]
Property taxes, homeowners insurance, and PMI (if under 20% down) are added to give your total PITI payment