Plug in your numbers below and see your full estimated monthly payment, principal, interest, taxes, insurance, and PMI, in real time. It's free, instant, and a great starting point before you talk to a loan officer.
Defaults reflect typical California assumptions. Adjust any field to match your situation. PMI is auto-applied when down payment is under 20%.
Most homeowners think of their mortgage payment as one number, but it's actually made up of several pieces. Lenders bundle them together into what's called PITI: principal, interest, taxes, and insurance, plus a few extras depending on your loan.
Understanding the breakdown helps you make smarter decisions: whether to put more down to avoid PMI, whether to choose a shorter term, or how a slightly lower rate translates into real savings over the life of the loan.
Your monthly payment is the sum of principal, interest, property taxes, homeowners insurance, and (if down payment is under 20%) mortgage insurance. Principal and interest are calculated using the standard amortization formula based on loan amount, interest rate, and term.
PITI stands for Principal, Interest, Taxes, and Insurance, the four core components of a typical monthly mortgage payment.
Calculator estimates use typical assumptions. Your real payment depends on the actual property tax rate, insurance quote, HOA fees if any, and your specific loan terms, all of which can vary by city, lender, and policy.
On conventional loans, you can request PMI removal once you reach 80% loan-to-value, and it automatically drops at 78% LTV. On FHA loans, MIP usually stays for the life of the loan unless you refinance.
Most California counties have an effective property tax rate of about 1.0% to 1.25% of assessed value annually. The calculator defaults to 1.1%, adjust it to match your specific area.
In California, homeowners insurance typically ranges from $1,200 to $2,500 per year for a standard policy, depending on location, home value, and coverage. High-risk fire areas can cost significantly more.
Estimates are great. A personalized quote is better, and just as fast.