PITI
Principal, Interest, Taxes, and Insurance — the four components of a standard monthly mortgage payment (plus PMI/MIP and HOA where applicable). Affordability calculations cap PITI as a share of income, not principal and interest alone.
Principal, Interest, Taxes, and Insurance — the four components of a standard monthly mortgage payment (plus PMI/MIP and HOA where applicable). Affordability calculations cap PITI as a share of income, not principal and interest alone.