PITI + PMI Payment on $200,000 Mortgage at 6% With Low Down Payment
Calculate the total monthly payment including PMI on a $200,000 mortgage at 6% for first-time buyers with a small down payment.
How to use this tool
- Enter your loan amount, rate, and term for principal and interest.
- Enter your annual property tax and homeowners insurance.
- Add annual PMI if your down payment is under 20%.
- Read your total PITI and each component broken out.
See the full monthly PITI and PMI cost for a $200,000 first-time homebuyer mortgage at 6% with less than 20% down.
Frequently asked questions
- What does PITI stand for?
- Principal, Interest, Taxes, and Insurance — the four parts of a typical monthly mortgage payment. Lenders use the full PITI, not just principal and interest, to assess affordability.
- Is PMI always part of PITI?
- PMI is included when it applies — generally when your down payment is below 20%. Once you reach about 20% equity you can usually have PMI removed, lowering your PITI.
- Does PITI include HOA fees?
- No. Homeowners association dues are a separate cost. Lenders consider them in affordability, but they are not part of the PITI payment collected in your escrow account.