Mortgage Calculator
Full PITI, itemized. Then in reverse: what a housing budget supports.
Your home
The payment updates as you type.
How much home can a budget support?
28/36 is a common convention - programs vary.
PITI is principal & interest (standard amortization at your entered rate and term) plus taxes/12, insurance/12, HOA, and mortgage insurance entered as an annual percent of the loan - we never pre-fill an MI rate. The affordability view applies your housing and total-debt ratios to gross income, subtracts your tax/insurance/HOA estimate, and inverts the amortization formula; it is an illustration of arithmetic, not a qualification. Rates are your estimates - we deliberately publish none. Estimates are educational, not an approval, offer, rate quote or guarantee. See how these figures are calculated. Ready to compare real programs? Start with the purchase paths.
Have a specialist run it for real
A specialist reads your scenario against program guidelines and replies within one business day.
Before you run the numbers
Why does the payment differ from other calculators?
Most show principal and interest only. This one includes taxes, insurance, HOA, and mortgage insurance - the payment lenders qualify against.
What are the 28/36 ratios?
A common underwriting convention: housing within about 28% of gross monthly income, all debt within about 36%. Programs vary - the output is an illustration, not a qualification.
Why don't you pre-fill a rate?
It moves daily and varies with your profile. Enter a realistic figure; a specialist can tell you what's realistic for your file.
Prepare the next decision
The estimated payment is one part of the budget. Use the home affordability guide to review household costs and the first-time buyer document checklist to prepare for the first review.