mortgage & home loan refinance | vase at home

PITI: Principal, Interest, Taxes, and Insurance

BILLS.COM GLOSSARY

PITI refers to the monthly required principal and interest payments on the mortgage loan, as well as the homeowner's monthly costs for property insurance and property taxes on the property. When qualifying for a loan, the lender judges the borrower's ability to afford the monthly PITI, regardless of whether or not the property taxes and homeowner's insurance are required to be included in the borrower's monthly mortgage payment to the lender.

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