Mortgage Calculator | Payment, PITI & Amortization
Calculate your monthly mortgage payment including principal, interest, taxes, and insurance (PITI)
Run a refinance break-even, compare rent vs buy, and...
When Should You Use This Calculator?
- Evaluating rent vs buy decisions with full cost comparisons
- Analyzing mortgage scenarios with varying down payments and interest rates
- Planning home purchases by comparing total costs including taxes and appreciation
- Tracking mortgage calculations over time to monitor affordability changes
- Calculate exact Principal, Interest, Taxes, Insurance (PITI) and Private Mortgage Insurance (PMI) impacts
Key Features:
- Rent vs buy comparison with breakeven analysis
- Tax benefits and home appreciation calculations
Frequently Asked Questions
How much house can I afford?
A common guideline is that your mortgage payment should not exceed 28% of your gross monthly income. Consider property taxes, insurance, and maintenance costs. Use our affordability calculator for a personalized estimate.
What affects my mortgage rate?
Key factors include your credit score, down payment size, loan term, property type, and market conditions. A higher credit score and larger down payment typically result in lower rates.
Should I rent or buy?
This depends on how long you plan to stay, local market conditions, and your financial situation. Our Rent vs Buy calculator compares your total costs over time to help you decide.
What are closing costs?
Closing costs typically range from 2-5% of the loan amount and include appraisal fees, title insurance, attorney fees, and prepaid items like property taxes. Factor these into your budget.
Can I export my Mortgage Calculator calculations?
Yes. In guest mode you can export your calculations to JSON. Signing in adds PDF and CSV export. Click the export button to download your results — useful for record-keeping, sharing, or importing into other tools.
Does this calculator save my history?
Yes. Your calculation history is saved automatically. As a guest you can keep up to 50 calculations per workspace on your device. Sign in for free to keep up to 100 per workspace and access them from any device.
Is this calculator free to use?
Yes. The Mortgage Calculator is free to use with no sign-up required. A free account adds more calculation history, multiple workspaces, and access to your saved data from any device.
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About CalcTrail
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