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Mortgage Payment Calculator
Calculate your monthly mortgage payment including principal, interest, property taxes, and insurance (PITI). See how much home you can afford and view your amortization schedule.
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Loan Amount: $240,000
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What is PITI?
PITI stands for Principal, Interest, Taxes, and Insurance - the four main components of your monthly mortgage payment. Lenders use this to determine how much house you can afford.
The 28/36 Rule
Lenders typically recommend your housing costs (PITI) not exceed 28% of your gross monthly income, and your total debt not exceed 36% of your income.