PITI payment en · NOUN
Meanings
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The amount paid per month in Principal, Interest, Taxes and Insurance for a given property. Used in determining the debt/income ratio.
You can't afford this house. Your PITI payment would be too high for your income.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| PITI payments | Number=Plur | lexicographic |
Relateds
payment · interest · insurance · income ratio · mortgage · debt · tax · principal