# Mortgage Calculator

> Estimate monthly mortgage payments, including down payment, property tax, and insurance.

URL: https://uttir.com/mortgage-calculator
Categories: calculators
Privacy: Your mortgage figures are computed entirely in your browser and never leave your device.

## About

Buying a home is the biggest purchase most people ever make, and the monthly payment is more than just the loan. A real mortgage payment bundles principal, interest, property taxes, and homeowners insurance — often called PITI.

This calculator starts from the purchase price and your down payment, then builds the full picture: the loan amount, your loan-to-value ratio, the estimated monthly payment including escrow, and how much interest you pay over the life of the loan.

## How to use

1. **Enter the purchase price** — The full price of the home you are considering.
2. **Set your down payment percentage** — A 20% down payment typically avoids private mortgage insurance (PMI).
3. **Add the interest rate and term** — For example 6.5% for 30 years. Longer terms mean lower payments but more total interest.
4. **Include tax and insurance** — Optional annual property tax and homeowners insurance are spread across your monthly payment.

## Examples

### A $350,000 home with 20% down

A common starter scenario.

Input:

```
Price: 350000 · Down: 20% · Rate: 6.5% · Term: 30 years
```

Output:

```
Loan of $280,000 → monthly P&I ≈ $1,769.95, total interest ≈ $357,000.
```

## FAQ

### What is PITI?

Principal, Interest, Taxes, and Insurance — the four components that make up a typical monthly mortgage payment. The first two are your loan; the last two are escrowed and paid on your behalf.

### Why does a 20% down payment matter?

Lenders generally require private mortgage insurance (PMI) when your down payment is below 20%. PMI protects the lender, not you, and adds to your monthly cost until you build enough equity.

### Should I choose a shorter term?

A 15-year loan has a higher monthly payment but far less total interest than a 30-year loan at the same rate. Use the calculator to compare both before deciding.

## Related tools

- [Loan Calculator](https://uttir.com/loan-calculator) — Calculate monthly payments, total interest, and a full amortization schedule for any loan.
- [Compound Interest Calculator](https://uttir.com/compound-interest-calculator) — Project savings growth with compound interest and monthly contributions, year by year.
- [Percentage Calculator](https://uttir.com/percentage-calculator) — Three percentage tools in one: percent of a value, ratio as a percent, and percent change.

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For the full HTML page with the live tool, visit https://uttir.com/mortgage-calculator.
This file is the markdown rendering at https://uttir.com/mortgage-calculator.md. See https://uttir.com/llms.txt for a site-wide summary.