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Mortgage Payment Calculator

Plan your home purchase with confidence. Estimate your monthly PITI payment (Principal, Interest, Taxes, and Insurance) based on today's Arizona market data.

Mortgage Payment Calculator

Get an instant estimate for your Arizona home loan

$500,000
$50k $2M
20% ($100,000)
0% (No Money Down) 50% (Maximum)
6.50%
3.00% 10.00%
30 Years
5 Years 30 Years

Estimated Monthly Payment

$2,864

Calculated at 6.50% Interest Rate

(Principal + Interest + Taxes + Insurance + PMI)

View Payment Breakdown
Principal & Interest $2,106
Property Tax (est.) $208
Homeowners Insurance (est.) $100
Mortgage Insurance (est.) $0
Total Monthly Payment $2,864

Understanding Your Mortgage Payment (PITI)

When you own a home, your monthly payment consists of more than just the loan repayment. It is commonly referred to as PITI. Here is the breakdown of what is included in our calculator:

Principal & Interest

The core of your payment. Principal pays down the balance of what you borrowed, and Interest is the cost of borrowing that money. Over time, more of your payment goes to principal.

Property Taxes

Arizona property taxes are paid to the county. Lenders typically collect 1/12th of your annual tax bill each month and hold it in an escrow account to pay on your behalf.

Homeowners Insurance

Required by all lenders to protect the asset. Like taxes, this is usually escrowed and paid annually by your lender from your monthly contributions.

Mortgage Insurance (PMI)

If you put down less than 20%, you may have Private Mortgage Insurance. This calculator estimates that cost based on your down payment percentage.

Want to see the full 30-year breakdown? Use our Amortization Calculator to see how every cent of your payment is applied over the life of the loan.

Mortgage Calculator FAQs

Are HOA fees included in my PITI payment?
No, Homeowners Association (HOA) fees are typically paid directly to the association, not to your mortgage lender. While our calculator estimates your core mortgage payment, be sure to manually budget for any monthly HOA dues required by your specific community.
How accurate is this mortgage calculator?
This tool provides a highly accurate estimate based on standard lending formulas. However, property taxes and insurance rates vary wildly by zip code. For a guaranteed, down-to-the-penny calculation, you should complete an official pre-approval application so we can pull precise local tax records for your target home.
Can I avoid paying mortgage insurance (PMI)?
Yes. If you use a Conventional loan and provide a down payment of 20% or more, Private Mortgage Insurance (PMI) is waived entirely. Alternatively, VA loans for eligible veterans do not require monthly mortgage insurance, regardless of the down payment amount.