PITI Calculator
Calculate your full monthly mortgage payment including principal, interest, property taxes, insurance, and PMI.
About This Calculator
PITI stands for Principal, Interest, Taxes, and Insurance - the four components of a typical mortgage payment. This calculator breaks down each component and shows your total monthly obligation.
PITI Components:
- Principal: Amount going toward loan balance
- Interest: Cost of borrowing
- Taxes: Property taxes (monthly portion)
- Insurance: Homeowners insurance
Frequently Asked Questions
What is included in PITI?
PITI includes Principal, Interest, Taxes, and Insurance. Some lenders also include PMI (Private Mortgage Insurance) when your down payment is less than 20%.
Why do lenders use PITI?
Lenders use PITI to determine your total housing cost and whether you qualify for a loan. Most guidelines suggest PITI should not exceed 28% of your gross monthly income.