411 REFERENCE · Wiktionary
PITI payment
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Noun
en banking The amount paid per month in Principal, Interest, Taxes and Insurance for a given property. Used in determining the debt/income ratio.
en You can't afford this house. Your PITI payment would be too high for your income.
Related terms
en insurance interest payment principal tax
See also
en mortgage
en debt/income ratio