Escrow Payment Calculator
Calculate your monthly escrow payment for property taxes and homeowner insurance.
See the full breakdown of your total mortgage payment.
Total Monthly Payment (PITI)
Escrow payments collect property taxes and insurance monthly alongside your mortgage. Your total payment is called PITI:
PITI = Principal & Interest + Property Tax + Insurance
Each escrow component is converted to monthly:
Monthly Property Tax = Annual Property Tax / 12
Monthly Insurance = Annual Insurance Premium / 12
Monthly PMI = (Loan Amount × PMI Rate) / 12 (if applicable)
Example: $2,000/month P&I + $4,800/year taxes + $1,500/year insurance:
- Monthly taxes = $400
- Monthly insurance = $125
- Total PITI = $2,525/month
Tips:
- Escrow accounts protect both you and the lender by ensuring bills get paid
- Lenders may require a 2-month cushion in the escrow account
- Property tax rates vary greatly by location (0.3% to 2.5% of home value)
- Insurance costs depend on location, home value, and coverage level
- PMI is required when your down payment is less than 20%