Calculate your total monthly housing payment including Principal, Interest, Taxes, and Insurance (PITI).
Loan Details
Escrow & Fees
Monthly Breakdown
Total Monthly Payment (PITI)$2,219.79
Payment Distribution
About this calculator
Overview
PITI is an acronym that stands for principal, interest, taxes, and insurance—the four basic elements of a monthly mortgage payment. It provides a more accurate picture of total housing costs than just looking at the loan payment alone.
💡
Pro Tips
Principal and Interest are the portions that pay down the loan and the cost of borrowing.
Taxes and Insurance are often held in an escrow account by the lender and paid on your behalf.
Lenders use PITI to calculate your debt-to-income (DTI) ratio when qualifying you for a loan.
Don't forget to include HOA fees, which are part of your housing obligations even if paid separately.
!
Fun Facts
Formula: PITI = (Principal + Interest) + (Property Taxes / 12) + (Homeowners Insurance / 12) + Monthly HOA Fees
