Definition: An abbreviation for principal, interest, taxes, and insurance: common components of a homeowner's monthly housing payment.
Example
A payment includes $500 principal, $1,200 interest, $350 property taxes, and $150 insurance, for $2,200 PITI.
Keep the distinction clear
PITI is broader than principal and interest alone. It may not include every housing expense, such as association dues, maintenance, or separate assessments.
Related terms
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References: CFPB: PITI
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