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- PITI (Principal Interest Taxes Insurance)
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PITI (Principal Interest Taxes Insurance)
When a buyer applies for a loan, the lender will calculate the principal, interest, taxes and insurance. The figure is designed to represent the borrower's actual monthly mortgage-related expenses.
Related Terms
Net cash flow
Annual mortgagor statement
Compound interest
Add-on interest
Impounds
Prepaid expenses
Amortization
Tax deduction
Escrow payment
Original principal balance
Escrow analysis
Escrow account
Additional principal payment
Escrow
Prepaid interest
Negative amortization
Credit life insurance
Disability insurance
Insurance binder
Redlining
Hazard insurance
Insurance
Homeowners' insurance
Mortgage life insurance
Private mortgage insurance (PMI)
Rate lock
Binder
Mortgage insurance
Interest rate
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