Does this include Illinois property taxes?

Yes, the calculator accepts an annual property-tax amount. Replace the default with the latest assessor or closing disclosure figure; taxes are not a single statewide percentage.

What should I verify before applying?

Compare a lender Loan Estimate, current insurance quote, tax bill, HOA or condo dues, loan-program limits and your debt-to-income ratio. This tool does not approve or price a loan.

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State mortgage planning · Updated September 9, 2026

Illinois Mortgage Calculator

Quick answer: Enter the home price, down payment, rate, annual tax, insurance and HOA charges to estimate a Illinois monthly PITI payment. Property taxes are highly local. Use the latest county bill and confirm exemptions before relying on a payment estimate.

Illinois Mortgage Calculator

Model a Illinois payment with your own county tax, insurance and HOA assumptions.

Loan Details

Home Price

$50k$2M

Down Payment

Annual Interest Rate

1%15%

Loan Term

ZIP Code

Monthly Costs

Annual Property Tax

$417/month

Homeowners Insurance (Annual)

$117/month

HOA Fees (Monthly)

Total Monthly Payment

$2609

P&I: $2,076|Taxes, Ins, & Fees: $533

Loan Amount

$320,000

Total Interest

$427,185

Payoff Date

Sep 2056

Principal & Interest$2,076

Property Tax$417

Homeowners Insurance$117

Total Monthly$2,609

Home Price

$400,000

Down Payment

$80,000 (20.0%)

Loan Amount

$320,000

Loan-to-Value

80.0%

Total Payments

$747,185

Total Interest

$427,185

Payoff Date

Sep 2056

Loan Category

FHA FLOOR

✅ FHA Eligible

FHA loans require 3.5% down and loan amounts under the floor.

🎖️ VA Loan Eligible

For eligible veterans, 0% down is allowed up to baseline.

How to make a local PITI estimate

Start with a written Loan Estimate or the property’s latest tax bill and insurance quote. Property taxes and insurance are not uniform statewide, and a lender may use escrow cushions or updated assessments. This calculator lets you replace every planning assumption.

Compare loan programs and affordability

Use the Home Affordability Calculator to set a budget, the DTI Calculator to organize recurring debts and the FHA/VA/USDA Calculator to compare program scenarios. For a buyer-specific closing estimate, open the Closing Costs Calculator.

Educational planning estimate only—not a lender quote, approval, appraisal, tax opinion or insurance offer. Confirm local figures with the assessor, insurer and lender.