What does PITI stand for?

Principal, Interest, Taxes, and Insurance. Lenders use PITI to calculate front-end DTI. Full PITI + PMI + HOA = total monthly housing obligation for qualification purposes.

On a $350,000 home with 10% down, what is full PITI?

Estimate: P&I = $2,128 (6.5%, 30yr), taxes = $350/month, insurance = $125/month, PMI = $210/month. Total PITI with PMI: approximately $2,813/month before any HOA.

Why do lenders use PITI and not just the mortgage payment?

PITI represents the true recurring obligation. Property taxes and insurance must be paid regardless of the mortgage. Using PITI prevents qualification for a home where taxes and insurance alone strain the budget.

Total PITI Payment Calculator

Calculate the complete monthly housing payment including Principal, Interest, Taxes, Insurance, PMI, and HOA fees. The true all-in monthly housing cost.

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Frequently Asked Questions

What does PITI stand for?

On a $350,000 home with 10% down, what is full PITI?

Why do lenders use PITI and not just the mortgage payment?