# Mortgage Calculator with Taxes and Insurance

URL: https://speedycalculator.com/calculators/finance/mortgage-with-taxes-and-insurance/
Last updated: 2026-10-25

> The mortgage calculator with taxes and insurance works out your full monthly housing payment – principal, interest, property tax, homeowner's insurance, PMI and HOA fees (PITI) – and the share of each.

## Inputs

- Home value
- Down payment (%)
- Interest rate (%)
- Loan term (years, months)
- Property tax rate (yearly) (%)
- Homeowner insurance (yearly)
- PMI rate (yearly) (%)
- HOA fee (monthly)

## Results

- Loan amount
- Principal and interest
- Property tax (monthly)
- Insurance (monthly)
- PMI (monthly)
- Total monthly payment
- Principal and interest share
- Total interest over the loan

## Formula

```
P&I = pmt(rate ÷ 12, months, loan)
Total monthly = P&I + property tax ÷ 12 + insurance ÷ 12 + PMI + HOA
```

## Explanation

Lenders qualify you on PITI, not just principal and interest. Property taxes average about 1% of home value nationally (from 0.3% in Hawaii to over 2% in New Jersey and Illinois), and insurance has risen sharply in hurricane and wildfire areas.

### How to use the Mortgage Calculator with Taxes and Insurance

- **Home value**
- **Down payment**
- **Interest rate**
- **Loan term**
- **Property tax rate (yearly)**
- **Homeowner insurance (yearly)**
- **PMI rate (yearly)**
- **HOA fee (monthly)**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Enter the home price, down payment, rate, term, property tax rate, insurance, PMI rate and HOA fee.

### Tips

- Get a written loan estimate and compare the APR, not just the interest rate.
- Include property tax, insurance, HOA fees and maintenance in your monthly budget.
- A larger down payment lowers the payment and can remove mortgage insurance.
- Rates change daily – use a current quote for the most accurate result.

### Common mistakes to avoid

- Looking only at the monthly payment instead of the total cost of the loan.
- Forgetting closing costs and fees.
- Assuming home prices always rise.

### Inputs explained

FieldWhat to enterHome valueAmount in your currencyDown paymentIn %Interest rateIn %Loan termUnits: years, monthsProperty tax rate (yearly)In %Homeowner insurance (yearly)Amount in your currencyPMI rate (yearly)In %HOA fee (monthly)Amount in your currency

### What each result means

- **Loan amount** = [Home value]×(1 - [Down payment]÷100)
- **Principal and interest** = pmt([Interest rate]÷1200, [Loan term], [Loan amount])
- **Property tax (monthly)** = [Home value]×[Property tax rate (yearly)]÷1200
- **Insurance (monthly)** = [Homeowner insurance (yearly)]÷12
- **Total monthly payment** = [Principal and interest] + [Property tax (monthly)] + [Insurance (monthly)] + [PMI (monthly)] + [HOA fee (monthly)]
- **Principal and interest share** = [Principal and interest]÷[Total monthly payment]×100
- **Total interest over the loan** = [Principal and interest]×[Loan term] - [Loan amount]

### Example values

How the main result changes when **Home value** changes and everything else stays at the example values above:

Home valueTotal monthly payment200,0001,612.72300,0002,310.75400,0003,008.78500,0003,706.81600,0004,404.83800,0005,800.89

## Worked example

Inputs — Home value: $400,000; Down payment: 10 %; Interest rate: 6.5 %; Loan term: 30 years; Property tax rate (yearly): 1.1 %; Homeowner insurance (yearly): $2,000; PMI rate (yearly): 0.5 %; HOA fee (monthly): $50.

Results — Loan amount = $360,000.00; Principal and interest = $2,275.44; Property tax (monthly) = $366.67; Insurance (monthly) = $166.67; PMI (monthly) = $150.00; **Total monthly payment = $3,008.78**; Principal and interest share = 75.63 %; Total interest over the loan = $459,160.16.

## FAQ

**What is PITI?**
Principal, interest, taxes and insurance – your full mortgage payment.

**How much is property tax?**
Around 1% of home value per year on average in the U.S.

**Is homeowner insurance required?**
Lenders require it for as long as you have a mortgage.

**What formula does the Mortgage Calculator with Taxes and Insurance use?**
P&I = pmt(rate ÷ 12, months, loan).


## Sources

- [Consumer Financial Protection Bureau](https://www.consumerfinance.gov/)