# PITI Calculator

URL: https://speedycalculator.com/calculators/finance/piti/
Last updated: 2026-10-25

> The PITI calculator works out your full monthly mortgage payment – principal, interest, property taxes and homeowner's insurance – plus PMI and HOA dues if they apply, and the front-end ratio against your income.

## Inputs

- Principal (loan amount)
- Interest rate (%)
- Loan term (years, months)
- Annual property tax
- Annual homeowner insurance
- Monthly PMI
- Monthly HOA
- Gross monthly income

## Results

- Principal and interest
- PITI
- Total with PMI and HOA
- Front-end ratio

## Formula

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

## Explanation

Lenders use PITI to judge affordability – usually 28% or less of gross monthly income. Taxes and insurance are often paid through an escrow account, so your payment changes when they do.

### How to use the PITI Calculator

- **Principal (loan amount)**
- **Interest rate**
- **Loan term**
- **Annual property tax**
- **Annual homeowner insurance**
- **Monthly PMI**
- **Monthly HOA**
- **Gross monthly income**

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

### How it works

Enter the loan amount, interest rate, term, annual property tax, annual insurance, monthly PMI and HOA, and your gross monthly income.

### Tips

- Compare loans by APR and total cost, not just the monthly payment.
- Extra payments go straight to principal and can save a lot of interest.
- Pay off the highest-rate debt first if you want to save the most money.
- Check for prepayment penalties before paying a loan off early.

### Common mistakes to avoid

- Stretching a loan term to lower the payment without seeing the extra interest.
- Paying only the minimum on credit cards.
- Forgetting fees that are rolled into the loan.

### Inputs explained

FieldWhat to enterPrincipal (loan amount)Amount in your currencyInterest rateIn %Loan termUnits: years, monthsAnnual property taxAmount in your currencyAnnual homeowner insuranceAmount in your currencyMonthly PMIAmount in your currencyMonthly HOAAmount in your currencyGross monthly incomeAmount in your currency

### What each result means

- **Principal and interest** = pmt([Interest rate]÷1200, [Loan term], [Principal (loan amount)])
- **PITI** = [Principal and interest] + [Annual property tax]÷12 + [Annual homeowner insurance]÷12
- **Total with PMI and HOA** = [PITI] + [Monthly PMI] + [Monthly HOA]
- **Front-end ratio** = [Total with PMI and HOA]÷[Gross monthly income]×100

### Example values

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

Principal (loan amount)PITI150,0001,448.1225,0001,922.15300,0002,396.2375,0002,870.26450,0003,344.31600,0004,292.41

## Worked example

Inputs — Principal (loan amount): $300,000; Interest rate: 6.5 %; Loan term: 30 years; Annual property tax: $4,200; Annual homeowner insurance: $1,800; Monthly PMI: $0; Monthly HOA: $0; Gross monthly income: $9,000.

Results — Principal and interest = $1,896.20; **PITI = $2,396.20**; Total with PMI and HOA = $2,396.20; Front-end ratio = 26.62 %.

## FAQ

**What does PITI stand for?**
Principal, interest, taxes and insurance.

**Is PMI part of PITI?**
Strictly no, but lenders include it when qualifying you.

**How much of my income should PITI be?**
28% or less of gross income is the common guideline.

**What formula does the PITI Calculator use?**
P&I = pmt(rate ÷ 12, months, loan).


## Sources

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