(pɪti) or principal, interest, taxes, and insurance
abbreviation(
Finance: Mortgage)
PITI is the components of a mortgage payment.
When a buyer applies for a loan, the lender will calculate the PITI, which may be combined in a single monthly mortgage payment.
Lenders use PITI to calculate your monthly mortgage obligation and how much you can afford to borrow.
PITI is the components of a mortgage payment.