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Mortgage Calculator: PITI, PMI, Taxes, Insurance & Extra Payments

Mortgage Calculator

PITI, PMI, Taxes, Insurance & Extra Payments

Inputs

Loan Setup

$

Loan Amount

$320,000

Loan-to-Value: 80.0%

$

Equivalent: 20.0%

%
years

Payoff Date

Dec 2049

Payoff Time: 23 years 5 mo

Taxes, Insurance & HOA

%
$
$/ mo
$
%

Monthly PMI

$0

Down Payment %: 20.0%

Annual Cost Increases

%
%
%
%

Cash to Close & Payoff

%
$/ mo

Results

Total Monthly Payment

$3,355.95

Required Monthly: $3,155.95 · Extra Principal: $200 · Payoff Date: Dec 2049

Cost Breakdown

$2,023
$400
$150
$250
$333
$200
Monthly P & I
Monthly Property Tax
Monthly Home Insurance
Monthly HOA
Monthly Other Costs
Extra Principal

Balance Over Time

Balance Over Time: Remaining Balance: $0, Total Interest: $302,714$0$80,000$160,000$240,000$320,000202620312036204120462050
  • Remaining Balance
  • Total Interest

Mortgage Summary

Loan Amount
$320,000
Monthly P & I
$2,022.62
Monthly Property Tax
$400
Monthly Home Insurance
$150
Monthly HOA
$250
Monthly Other Costs
$333.33
Required Monthly
$3,155.95
Extra Principal
$200
Cash to Close
$92,000
Closing Costs
$12,000
Total Property Tax
$112,400
Total Home Insurance
$42,150
Total HOA
$70,250
Total Other Costs
$93,667
Total Ownership Costs
$318,467
Total Cost to Own
$1,033,180
Total Interest
$302,714
Interest Saved
$105,429
Total Payment
$941,180
Down Payment %
20.0%
Loan-to-Value
80.0%
Payoff Time
23 years 5 mo
Payoff Date
Dec 2049
Months Saved
79 mo

Cash to Close

$92,000

Payoff Date

Dec 2049

Total Cost to Own

$1,033,180