08/11/2026
๐ก Tip Tuesday: What is PITI? ๐ก
When budgeting for a home, don't focus on just the mortgage payment. PITI includes Principal, Interest, Taxes, and Insurance: the four main parts of your monthly housing payment.
Understanding your PITI helps you:
โ Create a realistic budget
โ Avoid unexpected costs
โ Shop for a home you can comfortably afford
โจ Buyer Tip: Lenders use your PITI, along with your other monthly debts, to determine how much home you qualify for. Knowing these numbers upfront makes for a smoother home-buying journey.