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, 6.5% rate, 30-year term
Benchmark scenario for mid-priced homes at today’s rates—ideal for users comparing Bankrate PITI estimates.
Home price
$500,000
20% down ( $100,000)
Total monthly PITI
$3,238.27
Principal, interest, taxes, insurance, HOA
Interest rate
6.5% • 30-year fixed
Loan amount $400,000
Total interest
$510,178
Payoff projected December 2055
Monthly payment mix
Principal & interest make up $2,528.27 of the $3,238.27 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
$3,238.27
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)
$4,471
Interest paid (cumulative)
$25,868
Remaining balance
$395,529
Year 5
Principal paid (cumulative)
$25,556
Interest paid (cumulative)
$126,140
Remaining balance
$374,444
Year 10
Principal paid (cumulative)
$60,895
Interest paid (cumulative)
$242,497
Remaining balance
$339,105
Year 30
Principal paid (cumulative)
$400,000
Interest paid (cumulative)
$510,178
Remaining balance
$0
Scenario summary
Benchmark scenario for mid-priced homes at today’s rates—ideal for users comparing Bankrate PITI estimates.