PITI stands for principal, interest, taxes and insurance. Learn how each component of PITI affects your mortgage payment, and how to calculate each factor.

You can use this PITI mortgage payment calculator to calculate the amount of money you will need to repay a mortgage on a monthly basis. It also estimates the associated PMI, homeowner insurance, taxes, and interest components.

Apr 1, 2025 · PITI stands for principal, interest, taxes and insurance — the four big elements of your monthly mortgage payment. You can calculate your PITI payment yourself or by using an online...

Jul 23, 2024 · What is PITI? PITI is an acronym for Principal, Interest, Taxes and Insurance, pronounced "pity." It is the collective amount a borrower pays when buying a home with a mortgage loan.

Our PITI calculator helps you evaluate the total monthly cost of your mortgage, which is crucial when you want to determine how much money you can afford to borrow to buy a new house. Here you can not only learn how to calculate PITI but also understand what PITI is and why it matters.

Jul 6, 2023 · PITI is short for “principal, interest, taxes and insurance,” and lenders combine all four elements to calculate your total monthly mortgage payment. As a homebuyer, the PITI acronym is arguably the most important set of letters you’ll come across during the mortgage lending process.

Aug 1, 2024 · PITI is an acronym for the four factors that make up your monthly mortgage payment: principal, interest, taxes, and insurance. Learn how to calculate your PITI.

PITI (usually pronounced “pity”) stands for principal, interest, taxes and insurance. The acronym describes the four major elements that make up a mortgage payment. Home buyers usually focus primarily on a mortgage’s principal payment and interest, but you must focus on all the components of your monthly mortgage payments.

Sep 11, 2024 · Principal, Interest, Taxes, and Insurance, known as PITI, are the four basic elements of a monthly mortgage payment. Your payments of principal and interest go toward repaying the loan.

PITI stands for principal, interest, taxes & insurance. See what PITI is, how PITI makes up your mortgage payments & how to calculate your PITI on your mortgage.