Mortgage Payment Calculator with Taxes. Estimate your monthly mortgage payments including principal, interest, taxes, and insurance. Starlightopia provides this tool completely free and online, optimized for instant, accurate computations.
Technical Specifications
CategoryFinance
Target ValueMonthly Mortgage Payment
Inputs Required (8)
Home Value (number)
Down Payment ($) (number)
Interest Rate (%) (number)
Loan Term (Years) (number)
Annual Property Tax ($) (number)
Annual Home Insurance ($) (number)
Annual PMI Rate (%) (number)
Monthly HOA Fees ($) (number)
Frequently Asked Questions
What does a PITI mortgage payment stand for?
PITI stands for Principal, Interest, Taxes, and Insurance, representing the core components of a total monthly mortgage obligation.
What is Private Mortgage Insurance (PMI)?
PMI is a protective insurance policy required by lenders when a conventional mortgage down payment is less than 20%.
How do property taxes alter monthly mortgage expenses?
Property taxes are collected annually by municipal governments and are frequently broken into 12 parts and added directly to your monthly escrow balance.
Is it better to select a 15-year or 30-year mortgage?
A 15-year mortgage offers lower lifetime interest costs and faster equity build, whereas a 30-year option provides more manageable, smaller monthly commitments.
How do mortgage points work?
Mortgage points allow you to pay discount fees upfront directly to the lender at closing to permanently lower your ongoing interest rate.