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  #1  
Old 07-25-2008, 07:24 PM
ms.piggy ms.piggy is offline
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Default What is PITI

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.
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Old 07-28-2008, 05:40 PM
Steven Steven is offline
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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.
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