PITI Mortgage Calculator

Find the PITI payment of a mortgage.

Find the monthly PITI mortgage payment of a fixed rate mortgage with this PITI Mortgage Calculator.


Principal Loan Amount:
Yearly Interest Rate: %
Annual Taxes:
Annual Homeowner's Insurance:
Total Months of the Loan:
A 30 year loan has 360 months, a 15 year loan has 180 months.

What is PITI?

PITI is an acronym for Principal, Interest, Taxes and Insurance.

To calculate the monthly PITI payment on a mortgage loan, taxes,
and insurance, use the equation:

PITI Formula

c = Monthly PITI Payment

r = Monthly Interest Rate (in Decimal Form) =
(Yearly Interest Rate/100) / 12

P = Principal Amount on the Loan

N = Total # of Months for the loan ( Years on the loan x 12)

T = Yearly Property Tax Amount

i = Yearly Homeowner's Insurance Amount

Example: Monthly PITI payment for 30 year fixed-rate loan, with a
principal of $250,000, a yearly interest rate of 6.5%, annual taxes of
$1400, and annual insurance of $500 is :

r = (6.5 / 100) / 12 = .005416667

P = 250,000

N = (30 x 12) = 360

T = $1400

i = $500

Calculate PITI

The Monthly Payment is $1738.50

More Resources...

PITI Payment Video
PITI Payment Tutorial
PITI Wikipedia Article