What is PITI in a mortgage?

PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a typical monthly mortgage payment. Principal pays down the loan balance, interest is the cost of borrowing, taxes are property taxes held in escrow, and insurance covers homeowner's insurance and PMI if applicable.

How much house can I afford?

A common guideline is that your total housing payment (PITI) should not exceed 28% of your gross monthly income, and your total debt payments should not exceed 36%. Use our calculator to test different home prices and see what fits your budget.

Should I put 20% down to avoid PMI?

Yes, putting 20% down typically lets you avoid Private Mortgage Insurance (PMI), which adds $100-$300/month to your payment. However, some loan programs like FHA require mortgage insurance regardless of down payment size.

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Mortgage Calculator 2026

Full PITI breakdown with amortization schedule. 2026 US rates.

Loan Details

Home Price

Down Payment

Interest Rate

Loan Term

Annual Property Tax

Annual Home Insurance

PMI Rate

If down payment < 20%

Monthly HOA

Amortization Schedule

Year	Principal	Interest	Balance