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First-Time Home Buyer Mortgage Calculator (PITI)
Estimate your monthly mortgage payment as a first-time home buyer, including taxes and insurance.
Mortgage interest deduction calculations align with IRS Publication 936 and CFPB closing cost disclosure requirementsReview is overdue.Reviewed: March 2025Full Methodology
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Starter Home
Standard mortgage on a $300K home with taxes and insurance
Key values: $300,000 · 4.5% rate · 30 years
Condo with HOA
Condo purchase including HOA fees and PMI
Key values: $200,000 · 5% rate · $3,000 HOA
15-Year Fast Payoff
Aggressive 15-year mortgage to save on total interest
Key values: $400,000 · 3.5% rate · 15 years
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