Why PITI matters
PITI captures the full carrying cost of a mortgage, not just the lender payment. It helps you budget for taxes and insurance that escrow accounts or annual renewals would otherwise hide.
Mortgage PITI Scenario
PITI breakdown for $450,000 home – 15% down, 6% rate, 20-year term
Bridge between 15-year and 30-year terms, illustrating how the payment shifts when opting for a 20-year schedule.
Home price
$450,000
15% down ( $67,500)
Total monthly PITI
$3,386.60
Principal, interest, taxes, insurance, HOA
Interest rate
6% • 20-year fixed
Loan amount $382,500
Total interest
$275,184
Payoff projected December 2045
Monthly payment mix
Principal & interest make up $2,740.35 of the $3,386.60 payment.
Principal & Interest
The core mortgage payment that reduces your balance and covers loan interest.
Property Taxes
Annual property taxes converted to a monthly estimate; varies by location.
Homeowners Insurance
Estimated monthly premium to protect the structure and contents.
HOA Dues
Monthly homeowner association dues covering shared amenities or services.
All-in monthly total
$3,386.60
Optional cost assumptions
Taxes and insurance are approximated as a percentage of the home price. Adjust them in the calculator to match your county tax rate or insurance quote.
Customize your scenario
Save, share, or tweak this setup inside the interactive calculator. Model different down payments, adjust extra payments, or see how PMI would change the numbers.
Amortization highlights
Cumulative principal and interest paid at key milestones.
Year 1
Principal paid (cumulative)
$10,212
Interest paid (cumulative)
$22,672
Remaining balance
$372,288
Year 5
Principal paid (cumulative)
$57,759
Interest paid (cumulative)
$106,662
Remaining balance
$324,741
Year 10
Principal paid (cumulative)
$135,667
Interest paid (cumulative)
$193,175
Remaining balance
$246,833
Year 20
Principal paid (cumulative)
$382,500
Interest paid (cumulative)
$275,184
Remaining balance
$0
Scenario summary
Bridge between 15-year and 30-year terms, illustrating how the payment shifts when opting for a 20-year schedule.