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Complete Definition of "PITI payment"

English

Noun

PITI payment

  1. finance 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.

Related terms
insurance
interest
payment
principal
tax

See also
mortgage
debt/income ratio

Revision and Credits for"PITI payment"
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