Purchase Calculator
Estimate your monthly mortgage payment including principal, interest, taxes, insurance, and HOA fees.
Purchase Calculator
Payment Breakdown
Based on what you input, your Total Payment would be $0.00 on a Conventional Loan with a 0.00% Down Payment on a home priced at $0.
Frequently Asked Questions
What does PITI mean?
PITI stands for Principal, Interest, Taxes, and Insurance — the four components that typically make up a monthly mortgage payment. This calculator includes all four, plus HOA dues if applicable, so your estimate reflects your full housing payment rather than just principal and interest.
How does my down payment affect my monthly payment?
A larger down payment reduces the amount you finance, which lowers both your monthly principal and interest and your total interest paid over the life of the loan. On a conventional loan, reaching 20% down also typically eliminates the need for private mortgage insurance.
Does this calculator include HOA fees?
Yes. If the property has a homeowners association, enter the monthly HOA due and it will be added to your total estimated payment alongside principal, interest, taxes, and insurance.
Should I choose a 15-year or 30-year loan term?
A shorter term means a higher monthly payment but significantly less total interest paid and faster equity buildup. A 30-year term keeps monthly payments lower and more flexible. Try both loan terms in the calculator to compare your payment and total interest side by side.
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