Mortgage Calculator
Calculate your total monthly mortgage payment (PITI), analyze PMI drop-off dates, compare rent vs. buy, test refinance options, and explore extra payment savings.
1. Loan Details
2. Taxes, Insurance & Fees
3. Payoff Accelerator
Schedule Breakdown
| Year / Month | Payment | Principal | Interest | Remaining Balance |
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Rent vs. Buy Comparison
See how buying this home compares to renting over a chosen timeline.
Refinance Savings Calculator
Compare your current loan setup against a potential lower interest rate.
Borrowing Power Estimator
Calculated using standard 28/36 Debt-to-Income (DTI) guidelines.
Frequently Asked Questions
How is my monthly mortgage payment calculated?
Your full monthly payment (PITI) consists of four core elements: Principal & Interest (P&I) calculated via standard loan amortization, Property Taxes, Homeowners Insurance, and Private Mortgage Insurance (PMI) if applicable, plus any optional HOA fees.
What is PMI and when does it go away?
Private Mortgage Insurance (PMI) protects the lender if a borrower defaults. It is generally required if your down payment is under 20%. Under federal law, PMI automatically cancels once your loan balance reaches 78% of the original home purchase value.
Bi-weekly vs. monthly payments — how much does it save?
By paying half your monthly mortgage every two weeks, you make 26 half-payments a year—which equals 13 full monthly payments instead of 12. This extra payment goes straight toward principal, shaving years off your loan term and saving thousands in interest.
Is my financial data safe?
Yes, 100%. This Mortgage Calculator operates entirely inside your browser (client-side). No data is ever transmitted, logged, or saved to any external backend server.