Principal & Interest
The loan amount (home price minus your down payment) plus the interest your lender charges. This is the core of every monthly payment.
Resources
Mortgage Payment
Calculator
Estimate your monthly payment and see how your down payment, interest rate, and loan term shape what you pay each month and over the life of the loan.
Estimate
What Will Your Payment Be?
Enter a few details below. Your estimated monthly payment updates instantly as you adjust the down payment, rate, and term.
Estimated Monthly Payment
$6,123 per month
- Principal & Interest$5,057
- Property tax$917
- Home insurance$150
- PMI$0
- HOA dues$0
Loan amount $800,000
Total interest $1,020,356
Total of payments $1,820,356
This calculator provides estimates for planning purposes only and is not a loan commitment, pre-approval, or offer to lend. Actual rates, payments, taxes, insurance, and mortgage insurance vary by lender, location, credit profile, and loan program. Contact Centek Capital Group for figures tailored to your situation.
The Inputs
What Goes Into Your Payment
Every monthly mortgage payment is built from the same handful of moving parts.
Interest Rate
Your annual rate. Even a quarter-point shift changes both your monthly payment and the total interest you pay over the life of the loan.
Loan Term
How long you take to repay, usually 30, 20, 15, or 10 years. Shorter terms mean higher payments but far less total interest.
Down Payment
Cash paid up front. Putting 20% or more down avoids mortgage insurance and lowers your loan-to-value, which can improve your rate.
Taxes & Insurance
Property taxes and homeowners insurance are usually collected with your payment through escrow, the "TI" in PITI.
PMI & HOA
Private mortgage insurance applies when you put under 20% down. HOA dues, where a community charges them, are added on top.
Answers
Frequently Asked Questions
How is my monthly mortgage payment calculated?
Your principal and interest are calculated from the loan amount, your interest rate, and the loan term using the standard amortization formula. We then add monthly property tax, homeowners insurance, any mortgage insurance, and HOA dues to estimate your full payment (PITI).
What is PITI?
PITI stands for Principal, Interest, Taxes, and Insurance, the four parts most lenders include in your monthly payment. This calculator also lets you add PMI and HOA dues so the estimate reflects your true monthly cost.
How much should I put down?
Putting 20% down lets you avoid private mortgage insurance and lowers your loan-to-value. That said, many buyers in Los Angeles purchase with less down using conforming or high-balance programs. Adjust the down payment slider to see how it changes your payment.
Are these numbers a loan offer?
No. This tool provides estimates for planning only and is not a loan commitment, pre-approval, or offer to lend. For exact figures tailored to your situation, contact Centek Capital Group for a personalized quote.
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