PITI payment

English

PITI payment (plural PITI payments)

(banking) 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.

单词	PITI payment
释义	PITI payment English Noun PITI payment (plural PITI payments) (banking) 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
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