Principal, Interest, Taxes, Insurance — the four parts of a full monthly housing payment.
Lenders qualify you on PITI, not just the loan payment. Forgetting taxes and insurance is the most common way first-time buyers overestimate what they can afford.
Example: $2,124 P&I + $417 taxes + $150 insurance = $2,691 PITI.
FAQ
What is PITI in simple terms?
Lenders qualify you on PITI, not just the loan payment. Forgetting taxes and insurance is the most common way first-time buyers overestimate what they can afford.