Calculate monthly mortgage payments including principal, interest, property tax, and insurance (PITI). View full amortization schedule and total interest paid over loan life.
PITI stands for Principal, Interest, Taxes, and Insurance — the four components of a typical monthly mortgage payment.
A larger down payment reduces the loan principal, lowering monthly payments and total interest paid. It also helps avoid Private Mortgage Insurance (PMI) if you put down ≥ 20%.