PITI Calculator

Calculate your full monthly PITI mortgage payment with a detailed breakdown of Principal, Interest, Taxes, and Insurance. Includes front-end DTI, PMI, and HOA (PITIA).

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Total Monthly PITI
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Principal & Interest (P&I) —
Monthly Property Tax (T) —
Monthly Insurance (I) —
Extended More scenarios, charts & detailed breakdown ▾
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Total PITI
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P&I Component —
T&I Component —
Front-End DTI (PITI / Income) —
28% Rule Status —
Professional Full parameters & maximum detail ▾
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PITI Breakdown

Principal & Interest (P) —
Property Tax (T) —
Homeowners Insurance (I) —
PMI —
HOA (A) —
Total PITIA —

Affordability Ratios

Front-End DTI —
Back-End DTI —
28/36 Rule Status —

How to Use This Calculator

  1. Enter your loan amount, interest rate, and loan term for the P&I portion.
  2. Add annual property tax and annual homeowners insurance for the T&I portion.
  3. Use the PITIA tab to include HOA fees.
  4. Use the With PMI tab if your down payment is less than 20% to see total cost and PMI removal date.
  5. Use Professional for the full front-end and back-end DTI analysis with the 28/36 rule check.

Formula

P&I = Loan × r × (1+r)^n / ((1+r)^n − 1) where r = monthly rate, n = total payments

Monthly Tax = Annual Property Tax ÷ 12

Monthly Insurance = Annual Insurance ÷ 12

PITI = P&I + Monthly Tax + Monthly Insurance

Example

$320,000 loan, 6.8% rate, 30 years. P&I: $2,091. Annual tax $4,800 → $400/mo. Annual insurance $1,200 → $100/mo. PITI = $2,591/mo. On $8,000/mo income: front-end DTI = 32.4% (above 28% guideline).

Frequently Asked Questions

  • PITI stands for Principal, Interest, Taxes, and Insurance — the four main components of a monthly mortgage payment. Lenders use PITI to calculate your housing expense ratio (front-end DTI). When HOA fees are included, it becomes PITIA.
  • Conventional mortgage guidelines suggest your monthly PITI should not exceed 28% of your gross monthly income. This is the front-end debt-to-income ratio. FHA loans allow up to 31% on the front end with compensating factors.
  • The 28/36 rule states that your monthly housing cost (PITI) should not exceed 28% of gross income, and your total monthly debt payments (PITI + all other debts) should not exceed 36% of gross income. These are guidelines, not absolute limits — lenders may approve higher DTIs with strong credit and reserves.
  • Under the Homeowners Protection Act, lenders must automatically cancel PMI when your loan balance reaches 78% of the original home value. You can request cancellation at 80% LTV. For FHA loans, MIP rules differ — MIP may last the life of the loan depending on your down payment.
  • Most lenders collect the T and I portions of PITI into an escrow account each month, then pay your property taxes and insurance on your behalf when due. Lenders may require a 2-month cushion per RESPA. Your escrow is reviewed annually and adjusted for actual tax/insurance changes.

Related Calculators

🏠 Mortgage Calculator 📋 Escrow Calculator 📊 Debt-to-Income Calculator 🔒 PMI Calculator
Sources & References (5) ▾
  1. CFPB — Understanding Your Loan Estimate and Closing Disclosure — Consumer Financial Protection Bureau
  2. Fannie Mae Selling Guide — Debt-to-Income Ratios — Fannie Mae
  3. FHA Single Family Housing Policy Handbook — Qualifying Ratios — Federal Housing Administration
  4. Freddie Mac — Loan Product Advisor Documentation Matrix — Freddie Mac
  5. MGIC — Private Mortgage Insurance Reference — MGIC Investment Corporation