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 $500,000 home – 20% down, 5% rate, 15-year term
Illustrates the trade-off between faster equity build and higher principal payment on a 15-year amortization schedule.
Home price
$500,000
20% down ( $100,000)
Total monthly PITI
$3,819.01
Principal, interest, taxes, insurance, HOA
Interest rate
5% • 15-year fixed
Loan amount $400,000
Total interest
$169,371
Payoff projected December 2040
Monthly payment mix
Principal & interest make up $3,163.17 of the $3,819.01 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
$3,819.01
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)
$18,375
Interest paid (cumulative)
$19,583
Remaining balance
$381,625
Year 5
Principal paid (cumulative)
$101,772
Interest paid (cumulative)
$88,019
Remaining balance
$298,228
Year 10
Principal paid (cumulative)
$232,381
Interest paid (cumulative)
$147,200
Remaining balance
$167,619
Year 15
Principal paid (cumulative)
$400,000
Interest paid (cumulative)
$169,371
Remaining balance
$0
Scenario summary
Illustrates the trade-off between faster equity build and higher principal payment on a 15-year amortization schedule.