PITI payment

From Fresh Dictionary

Contents 1 English 1.1 Noun Phrase 1.2 Related Terms 1.3 See Also

English

Noun Phrase

1. (finance) The amount paid per month in Principal, Interest, Taxes and Insurance for a given property. Used in determining the debt/income ratio.

   You can't afford this house. Your PITI payment would be too high for your income.

Related Terms

• insurance
• interest
• payment
• principal
• tax

See Also

• mortgage
• debt/income ratio