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Mortgage: $1,264/mo ($250k @ 6.5%/30yr)

Mortgage calculator with PITI. Default $250,000, 20% down, 6.5% for 30 years → $1,264.14 principal+interest and $1,614.14 total monthly.

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Mortgage payment: $1,264.14/month

This tool estimates PITI in US dollars (principal, interest, property tax, insurance) with the PMT formula. Defaults: $250,000 home, 20% down ($50,000), 6.5%, 30 years → principal+interest $1,264.14/mo and PITI $1,614.14. Educational estimate, not a lender offer.

Need a Guatemala home loan in quetzales?

This page is the generic USD + PMI calculator. For BAM/Banrural-style quotes in quetzales, use the Guatemala mortgage calculator (Q800,000 @ 9.5%/20 years = Q5,965.64/mo). FHA-insured path: Guatemala FHA.

How the payment is calculated

Monthly payment (PMT)

Payment = P × [r(1+r)^n] / [(1+r)^n − 1]

  • P = loan (price − down payment)
  • r = monthly rate (annual ÷ 12 ÷ 100)
  • n = months (years × 12)

Property tax, insurance, and PMI (if down payment < 20%) are added on top. The engine uses a 0.7%/year PMI reference when the switch is on.

Default example

Item30-year (default)15-year
Loan$200,000$200,000
Principal + interest$1,264.14/mo$1,742.21/mo
Tax (1.2%)$250.00/mo$250.00/mo
Insurance ($1,200/yr)$100.00/mo$100.00/mo
PMI (20% down)$0$0
PITI total$1,614.14/mo$2,092.21/mo
Total interest$255,088.98$113,598.65

The shorter term saves about $141,490 of interest; P+I rises about $478/mo. With 10% down ($25,000) and PMI on, the engine returns P+I $1,422.15 + PMI $131.25 → PITI $1,903.40.

Estimate, not a pre-approval

Tax, insurance, and PMI vary by location, lender, and credit. Confirm the official quote. Verified September 2026 against this calculator’s formula.

Frequently asked questions

PMT on $200,000 at 6.5% for 30 years is $1,264.14/mo principal+interest. Property tax, insurance, and PMI (if down payment is under 20%) are added: default PITI is $1,614.14.

PMI protects the lender when you put down less than 20%. At 10% down the engine estimates $131.25/mo (0.7%/year). Put 20% down, or wait until you have 20% equity.

At 6.5% on $200,000, 15 years costs $1,742.21/mo P+I and $113,598.65 interest; 30 years is $1,264.14/mo and $255,088.98 interest. The short term saves about $141,490 if the payment fits.

No. This is the generic USD tool. For quetzales use Guatemala mortgage (Q800,000 @ 9.5%/20 years = Q5,965.64/mo) or Guatemala FHA if you need FHA insurance.

Usually yes: extra principal cuts the balance and future interest. Check for prepayment penalties. The amortization calculator shows month by month.

Fixed stays the same for the whole term. Adjustable can move with an index; it often starts lower with upside risk. This tool uses the fixed rate you type.

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