Real Estate Glossary

What is PITI ?

PITI (Principal, Interest, Taxes, Insurance) - PITI is an acronym that stands for Principal, Interest, Taxes, and Insurance. These are the four primary components of a mortgage payment. The principal is the amount of the loan, the interest is the cost of borrowing the money, taxes are property taxes, and insurance is for homeowner's insurance. Together, these four components make up the total monthly mortgage payment and are used to calculate the affordability of a property for a potential homebuyer.

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