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PITI
Updated
January 19, 2023
An acronym expressing monthly housing expenses: principal, interest, taxes, insurance.
Purchase Money Mortgage
Purchase Agreement
Promissory Note
Processing Fee
Principal Payment
Principal Balance
Prime Rate
Primary Residence
Prepayment Penalty
Prepaid Expenses
Related Topics
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)