March 14th, 2019

What Makes Up A PITI Mortgage Payment?

What Makes Up A PITI Mortgage Payment?

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Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It’s important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.