Monthly payment with principal, interest, taxes & insurance (PITI)
Our mortgage calculator gives you a complete monthly payment estimate including principal & interest, property taxes, and home insurance — giving you a realistic picture of your true housing cost. Use it to compare different loan terms and interest rates before you commit.
A "good" mortgage rate depends on the current market, your credit score, and loan term. Generally, any rate below the current national average is considered competitive. Always compare offers from multiple lenders before committing.
A 15-year mortgage has higher monthly payments but significantly lower total interest. A 30-year mortgage offers lower monthly payments but you pay much more in interest over time. Choose based on your monthly budget and long-term financial goals.
Most conventional loans require 3–20% down. A 20% down payment lets you avoid Private Mortgage Insurance (PMI), which adds to your monthly cost. FHA loans allow as low as 3.5% down but require mortgage insurance.