2026 • USA • Updated

Mortgage Calculator USA - PITI + Chart

Texas, California, Florida & all states • Auto-calculates as you type

Home Price ($)

Down Payment ($)

20% • Loan $240k

Interest Rate %

Loan Term

Property Tax $/year

Insurance $/year

HOA $/month

Zip Code

✓ Auto-calculates instantly • ✓ PMI if down < 20% • ✓ Updates without clicking

YOUR ESTIMATED PAYMENT

$1,966.96

per month (PITI + HOA + PMI)

Principal & Interest$1,521

Tax + Ins + HOA + PMI$467

Total Interest$307k

Total Paid (30yr)$715k

💡 AFFORDABILITY CHECK (28/36 RULE)

📊 Amortization Schedule - Yearly Breakdown

See how much principal vs interest you pay each year. Early years = more interest.

Year	Yearly Payment	Principal Paid	Interest Paid	Remaining Balance

🏠 What is a Mortgage Calculator?

Our Free Mortgage Calculator USA 2026 calculates your true monthly payment including PITI (Principal, Interest, Tax, Insurance) + HOA + PMI. Unlike basic calculators, we show the full cost for Texas, California, Florida and all US states.

📝 How to Use - 5 Easy Steps

Enter Home Price: US median $416k in 2026. Example: $300k
Down Payment: 20% ($60k) avoids PMI. Less than 20% adds PMI ~$200/mo
Interest Rate: 6.5% average in 2026. Check your credit score - 760+ gets best rate
Loan Term: 30 years = lower payment ($1,521/mo). 15 years = save $150k interest but payment $2,150/mo
Tax & Insurance: Auto-calculates! $3,600 tax + $1,800 insurance = $450/mo extra

🧮 Formula: M = P [r(1+r)^n] / [(1+r)^n – 1]

M = Monthly payment, P = Loan amount ($240k), r = monthly rate (6.5%/12=0.0054), n = months (360)
Example: $300k price - $60k down = $240k loan at 6.5% for 30yr = $1,516 P&I + $300 tax + $150 ins = $1,966/mo total

💰 Why 20% Down Payment?

If you put less than 20% down, lenders charge PMI (Private Mortgage Insurance) ~1% of loan/year. For $240k loan = $200/mo extra until you reach 20% equity. Our calculator adds it automatically!

📍 State Differences

Texas: High property tax (1.8% avg). California: High price but Prop 13 limits tax. Florida: No state income tax but insurance high ($3k/year) due to hurricanes. Our calculator works for all!

💡 Pro Tip: This calculator auto-updates as you type - no need to click Calculate! Try changing 300,000 to 500,000 and see payment jump from $1,966 to $3,597 instantly.