What is PITI?

Real Estate Agent with Lisa Von Domek Team TX License #0552989

New buyers have so many questions to be answered for their home loan, and a common question that comes up before they begin working with a qualified lender is What is PITI?

Monthly housing payment (PITI)
This is your total Principal and Interest, Tax and Insurance (PITI) payment per month. This includes your principal, interest, real estate taxes, hazard insurance, association dues or fees and principal mortgage insurance (PMI). Maximum monthly payment (PITI) is calculated by taking the lower of these two calculations:


  1. Monthly Income X 28% = monthly PITI
  2. Monthly Income X 36% - Other loan payments = monthly PITI


Please go to my website for this and more helpful information to assist you in your home buyer (or selling)!

Comments (0)