What is PITI

[ms.piggy]

Does anyone know what PITI is? I've stumbled upon it in a financial article I was reading the other day but I couldn't make out what it means.

[Steven]

PITI stands for Principal, Interest, Tax, and Insurance. The PITI acronym describes the total monthly payment required to repay a mortgage loan, including property taxes and property insurance. The Principal, Interest, Tax, and Insurance are the four components of every mortgage payment.