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Principal, Interest, Taxes, and Insurance
(redirected from Principal, Interest, Taxes, Insurance)

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Principal, Interest, Taxes, and Insurance
The components of a real estate owner's mortgage payment. When considering whether to loan money for a mortgage, a bank often considers what the PITI will be as a percentage of the potential borrower's gross monthly income. Generally speaking, mortgage banks prefer PITI to be 28% or less of the borrower's income.


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Your mortgage payment (including principal, interest, taxes, insurance, home owners association dues) must exceed 31% of your gross monthly pre-tax income; ?
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