🏦Mortgage Payment
Mortgage Payment Calculator (PITI)
Estimate monthly principal and interest payments, amortization schedule, private mortgage insurance (PMI), and escrow reserves.
🏦Mortgage Payment Calculator (P&I / PITI)
Estimate monthly principal, interest, taxes, insurance (PITI), and private mortgage insurance (PMI).
$
LTV: 80 %
$
%
Net Loan Amount:$2,380,000
Loan-to-Value (LTV):80 %
Total Interest (30 Yrs):$2,895,513
Remaining Balance (30 Yrs):$73
Follow-on Rate at 7.25%:$1
Payment change: -$14,653 / mo.Total Monthly Payment (PITI):
$15,124
P&I: $14,654 + Tax/Ins: $470Principal vs. Interest
Payment Breakdown
Annual distribution between principal (blue) and interest (grey)
Ø Durchschnitt$175,848
Ø Durchschnitt:
Principal:$79,331Interest:$96,517
Principal
Interest
Balance Trend
Amortization & Equity Curve
Remaining debt (blue) vs. cumulative repaid equity (green)
Ø Durchschnitt$1,500,894
Ø Durchschnitt:
Remaining Balance:$1,500,894Capital Repaid:$879,106
Remaining Balance
Capital Repaid
FAQ & Knowledge
Frequently Asked Questions: Mortgage Payment
Key mortgage guidelines, statutory fees, and investment benchmarks at a glance:
?How is a monthly mortgage payment (P&I) calculated in the US??
A standard monthly payment includes Principal and Interest (P&I), plus escrow amounts for Property Taxes, Homeowners Insurance, and PMI (collectively known as PITI).
?What is the difference between a 15-year and 30-year fixed mortgage??
A 30-year fixed loan offers lower monthly payments but results in significantly higher total interest. A 15-year fixed loan features higher monthly payments with lower interest rates, paying off the debt twice as fast.
?What credit score is needed for the best conventional mortgage rates??
While conventional loans accept FICO scores as low as 620, the lowest interest rates and PMI premiums are reserved for borrowers with scores of 740 to 760 or higher.
?What is Private Mortgage Insurance (PMI) and when can it be removed??
PMI is required by conventional lenders if your down payment is less than 20%. Under federal law (Homeowners Protection Act), PMI automatically terminates once your loan balance reaches 78% of the original purchase value.
?What are mortgage discount points and should I buy them??
One discount point costs 1% of the loan amount and typically lowers your interest rate by 0.25%. Buying points makes sense if you plan to keep the mortgage past the break-even point (usually 5 to 7 years).
?What is an escrow account and why do lenders require it??
An escrow account (impound account) holds funds collected monthly by your servicer to pay annual property taxes and homeowners insurance premiums on your behalf, ensuring coverage stays current.
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