Reviewed by: David Chen, CFA
David Chen is a Certified Financial Analyst with over 10 years of experience in mortgage analytics and escrow-inclusive affordability models.
David Chen is a Certified Financial Analyst with over 10 years of experience in mortgage analytics and escrow-inclusive affordability models.
Use this free mortgage calculator with taxes PMI and down payment to see your true monthly housing cost—including principal, interest, PMI, taxes, and insurance.
Mortgage Calculator with Taxes PMI and Down Payment
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True Monthly Payment Formula
P&I: M = P × [ r(1+r)^n ] / [ (1+r)^n – 1 ]
PMI: IF LTV > 80% THEN Annual PMI × 1/12
Monthly Taxes & Insurance: (Annual Taxes + Annual Insurance) ÷ 12
Variables
- P: Loan amount after down payment.
- r: Monthly interest rate (annual rate ÷ 12).
- n: Total monthly payments (years × 12).
- LTV: Loan-to-value ratio; PMI applies above 80%.
- Taxes & Insurance: Actual annual figures divided by 12.
Related Calculators
- Mortgage Calculator Without PMI
- Mortgage Affordability Calculator
- FHA Mortgage Calculator
- Mortgage Refinance Calculator
What Is Mortgage Calculator with Taxes PMI and Down Payment?
Most online calculators show only principal & interest. This tool adds monthly property taxes, homeowners insurance, and private mortgage insurance (PMI) when your down-payment is below 20%, giving you the full “PITI” payment lenders use to qualify you.
How to Calculate True Monthly Payment (Example)
- Enter the home price (e.g., $400,000). V}