Nitro ToolzMortgage Calculator
Monthly PITI with PMI, HOA and a full amortization schedule.
Mortgage Calculator
Generated 10/9/2026
- Home price: 450000
- Down payment: 20
- Interest rate (APR): 6.75
- Loan term: 30
- Property tax (per year): 1.1
- Homeowners insurance (per year): 1800
- HOA dues (per month): 0
- Total monthly payment
- $2,897.45
- Principal and interest
- $2,334.95
- Property tax
- $412.50
- Home insurance
- $150.00
- HOA
- $0.00
- Mortgage insurance (PMI)
- $0.00
- Loan amount
- $360,000
- Total interest over the loan
- $480,583
Not required at 20% down or more
Down payment: $90,000. Payoff in 30 yr.
Yearly amortization
| Year | Principal | Interest | End balance |
|---|---|---|---|
| 1 | $3,837 | $24,183 | $356,163 |
| 2 | $4,104 | $23,916 | $352,059 |
| 3 | $4,390 | $23,630 | $347,670 |
| 4 | $4,695 | $23,324 | $342,975 |
| 5 | $5,022 | $22,997 | $337,953 |
| 6 | $5,372 | $22,648 | $332,581 |
| 7 | $5,746 | $22,274 | $326,835 |
| 8 | $6,146 | $21,874 | $320,689 |
| 9 | $6,574 | $21,446 | $314,115 |
| 10 | $7,032 | $20,988 | $307,084 |
| 11 | $7,521 | $20,498 | $299,562 |
| 12 | $8,045 | $19,975 | $291,518 |
| 13 | $8,605 | $19,414 | $282,913 |
| 14 | $9,204 | $18,815 | $273,708 |
| 15 | $9,845 | $18,174 | $263,864 |
| 16 | $10,530 | $17,489 | $253,333 |
| 17 | $11,264 | $16,756 | $242,069 |
| 18 | $12,048 | $15,971 | $230,021 |
| 19 | $12,887 | $15,133 | $217,135 |
| 20 | $13,784 | $14,235 | $203,350 |
| 21 | $14,744 | $13,276 | $188,607 |
| 22 | $15,770 | $12,249 | $172,836 |
| 23 | $16,869 | $11,151 | $155,968 |
| 24 | $18,043 | $9,976 | $137,924 |
| 25 | $19,299 | $8,720 | $118,625 |
| 26 | $20,643 | $7,376 | $97,982 |
| 27 | $22,080 | $5,939 | $75,902 |
| 28 | $23,618 | $4,402 | $52,284 |
| 29 | $25,262 | $2,757 | $27,021 |
| 30 | $27,021 | $998 | $0 |
How to use this tool
- Enter the home price, down payment percentage, rate and term.
- Add property tax, insurance and HOA so the payment reflects what you will really owe.
- Review the breakdown, then scroll to the amortization table to see how the balance falls.
Formulas
Payment M = P x r / (1 - (1 + r)^-n), where r is the monthly rate and n the number of payments. At 0% interest, M = P / n.
PMI = loan x annual PMI rate / 12 while down payment is under 20%, until the balance reaches 80% of the price.
Frequently asked questions
What is included in PITI?
PITI stands for principal, interest, taxes and insurance. This calculator also adds HOA dues and PMI when they apply, since lenders count them too.
When does PMI go away?
Conventional loans generally allow PMI removal once your balance reaches 80% of the original value, and end it automatically at 78%. We estimate the month the balance hits 80%.
How accurate is the property tax estimate?
It multiplies the home price by your rate. Actual bills depend on local assessment, so check the county rate for the address you are considering.
Does this work for a 0% interest loan?
Yes. With a zero rate, the payment is simply the loan amount divided by the number of months.
Why is my lender quote different?
Lenders add fees, use exact day counts, and may price PMI differently. Treat this as a close estimate, not a loan estimate.