Costs & PMI
What is PITI?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
PITI stands for principal, interest, taxes, and insurance — the four parts of a typical mortgage payment. Lenders use PITI, not just principal and interest, to measure affordability.
In Florida, the taxes and insurance pieces can be substantial, especially near the coast. We calculate your full PITI up front so your budget reflects the true payment.
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