What is PITI?

PITI is principal, interest, taxes, and insurance — the full housing payment many buyers forget when they quote only principal and interest. Taxes and insurance can move the payment as much as the rate. Run the PITI tool before you shop so the number on the listing is not the number in your budget.

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Source: FAQ: Home. Educational only, not advice. Facets: topic home · capital high · hours/week 1 · skill beginner.