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Finance Calculators

PITI Mortgage Payment Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
%
years
Verified formula Private

Total monthly payment (PITI)

₹2,198.65

Principal & interest only
₹1,798.65

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the PITI Mortgage Payment Calculator

The PITI Mortgage Payment Calculator works out your total monthly payment (piti), along with 1 related figure in an instant. Enter loan amount, annual interest rate and loan term and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the loan amount.
  2. Enter the annual interest rate.
  3. Enter the loan term.
  4. Enter the annual property tax.
  5. Enter the annual home insurance.
  6. Enter the monthly hoa / society fee.
  7. Read off your total monthly payment (piti), together with principal & interest only — the calculator updates automatically, with no button to press.

Formula

The PITI Mortgage Payment Calculator uses the formula:

Total monthly payment (PITI) = Loan amount × (Annual interest rate ÷ 1200) × (1 + Annual interest rate ÷ 1200)^(Loan term × 12) ÷ ((1 + Annual interest rate ÷ 1200)^(Loan term × 12) - 1) + Annual property tax ÷ 12 + Annual home insurance ÷ 12 + Monthly HOA ÷ society fee

Worked example

For example, with loan amount of 300,000, annual interest rate of 6%, loan term of 30 years and annual property tax of 3,600 and the other inputs, the total monthly payment (piti) is ₹2,198.65.

Inputs used
Loan amount 300,000
Annual interest rate 6%
Loan term 30 years
Annual property tax 3,600
Annual home insurance 1,200
Monthly HOA / society fee 0
Results
Total monthly payment (PITI) ₹2,198.65
Principal & interest only ₹1,798.65

Results are estimates for educational use, not professional advice.

Key terms explained

Interest rate
The percentage charged on a loan or paid on savings, usually quoted per year (per annum).
Principal
The original sum of money borrowed or invested, before any interest is added.

Frequently asked questions

Principal, Interest, Taxes and Insurance — the four parts of a typical monthly mortgage payment.

Lenders often collect them in an escrow account with the loan payment, so PITI shows your true monthly housing cost.

It uses the standard amortising loan formula based on the loan amount, monthly rate and number of payments.

A homeowners association or society fee for shared maintenance. It is added here as an optional monthly cost.

The PITI Mortgage Payment Calculator uses the formula: Total monthly payment (PITI) = Loan amount × (Annual interest rate ÷ 1200) × (1 + Annual interest rate ÷ 1200)^(Loan term × 12) ÷ ((1 + Annual interest rate ÷ 1200)^(Loan term × 12) - 1) + Annual property tax ÷ 12 + Annual home insurance ÷ 12 + Monthly HOA ÷ society fee. For example, with loan amount of 300,000, annual interest rate of 6%, loan term of 30 years and annual property tax of 3,600 and the other inputs, the total monthly payment (piti) is ₹2,198.65.

Enter the loan amount. Enter the annual interest rate. Enter the loan term. Enter the annual property tax. Enter the annual home insurance. Enter the monthly hoa / society fee. Read off your total monthly payment (piti), together with principal & interest only — the calculator updates automatically, with no button to press.

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