PITI calculator
Enter the loan, rate and term with the property tax and homeowners insurance to see each monthly part and the total PITI payment, for your review of the loan file. HOA dues and mortgage insurance are optional.
Runs in your browser. What you type isn't sent or stored.
Calculate a PITI payment
Loan
There is no default rate.
Taxes and insurance
From the tax bill or loan estimate. No default.
From the policy or quote. No default.
Optional
How PITI is calculated
PITI = monthly principal and interest + monthly property tax + monthly homeowners insurance. Add monthly HOA dues and mortgage insurance when they apply.
Principal and interest is the standard amortization of the loan at the rate and term you enter. Annual tax and insurance amounts are divided by 12.
Worked example
- $320,000 at a 6.5% rate entered over 30 years: $2,022.62 principal and interest.
- Property tax $4,800 a year: $400.00 a month.
- Homeowners insurance $1,500 a year: $125.00 a month.
- HOA dues $50.00 a month, no mortgage insurance.
- Total PITI: $2,022.62 + $400.00 + $125.00 + $50.00 = $2,597.62 a month.
Round numbers for illustration only; the rate, term, tax and insurance are inputs, not defaults.
What this calculator doesn't do
- It's an estimate. It doesn't look up tax rates, insurance premiums or mortgage insurance; every figure is the one you type.
- It doesn't model escrow shortages, rate changes or flood and other separate policies unless you add them to the insurance figure.
- It doesn't make a lending decision.
Questions
What does PITI stand for?
Principal, interest, taxes and insurance: the monthly principal and interest on the loan plus one twelfth of the annual property tax and homeowners insurance. HOA dues and mortgage insurance can be added when they apply.
How is the PITI total calculated?
Total PITI = monthly principal and interest + monthly property tax + monthly homeowners insurance + monthly HOA dues + monthly mortgage insurance, counting only the parts you enter.
Can I enter taxes and insurance as annual or monthly amounts?
Yes. Choose Annual or Monthly for each. Annual amounts are divided by 12 and rounded to the cent.
Why is there no default tax or insurance rate?
Property tax and insurance depend on the property and the policy, so the calculator doesn't assume any. Enter the figures from the tax bill, the insurance quote or the loan estimate.
What if I leave a field blank?
That part shows a dash and isn't added to the total. The total needs the loan amount, rate and term so the principal and interest can be worked out.
Is anything I type saved?
No. The figures are calculated in your browser, and what you type isn't sent or stored.
Not legal or tax advice.
Ready for the real statements?
Upload 12 or 24 months of PDFs. StatementReady checks whether each statement's transactions add up to its printed balances.
This tool assists your review of the loan file. The lender makes all underwriting decisions.
StatementReady isn't affiliated with or endorsed by Fannie Mae or any lender named here.