Skip to main content

PITI (Principal, Interest, Taxes, Insurance) - Mortgage Glossary

An acronym for the four components that make up your total monthly housing payment: Principal (paying down your loan balance), Interest (cost of borrowing), Tax

PITI (Principal, Interest, Taxes, Insurance)

An acronym for the four components that make up your total monthly housing payment: Principal (paying down your loan balance), Interest (cost of borrowing), Taxes (property taxes), and Insurance (homeowner's insurance and possibly PMI). When a lender says you qualify for a certain monthly payment, they usually mean your full PITI amount.