What is PITI? Your Mortgage Payment Breakdown.

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Mortgage and Lending with FHA, VA, Jumbo, Downpayment Assistance, Conv. NMLS #276329

                              

PITI is calculated on the 1st mortgage only.

P     =   Your PITI is the total amount of what you’ll owe every month. Principal, is                        the amount of the sale price of your home, minus the amount of your down                      payment.

I      =   Your interest, is a percentage of the principal you still owe back.

 

     T             =   Property taxes, also known as real estate taxes, are charged for real estate 

                         property, like the house or building on the property, or even the land itself.                             Typically, this is part of you escrow and is paid to your county or state as it is due.   

I              Insurance to protect your home investment. Typically, this is part of your                                 escrow and is paid to your homeowner insurance directly once a year.  

 

 

 

 

 

 

 

 

#LisaPerry #RealEstateDMV #DMV #RealtorDMV #LendingDMV #LenderDMV #BrandMortgage #MortgageDMV   #1sttimehomeowner    #Nodownpayment

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Lisa Perry, Senior Loan Officer

"Your Northern VA Mortgage Specialist"

540-273-2733

NMLS ID #86548 / 276329

Email:  LPerry@fhmtg.com

Apply on line:  LisaPerrryLoans.com

 

 

 

 

 

 Proudly Serving Washington DC, Virginia & Maryland

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