06/17/2026
PITI stands for Principal, Interest, Taxes, and Insurance — the four components that typically make up your monthly mortgage payment. Understanding PITI helps you see the full picture of home affordability beyond just the loan amount.
P = Principal
This is the portion of your payment that pays down the loan balance.
I = Interest
This is the cost of borrowing money from the lender.
T = Taxes
Local government taxes on your property. Usually paid as part of your mortgage and held in an escrow account.
I = Insurance
Homeowners insurance that helps protect your investment.
Together, these four pieces typically make up your monthly mortgage payment.
At Liberty Title & Escrow, we help bring all the moving parts of a real estate transaction together so closing day is clear, coordinated, and stress-free. For a complimentary closing quote call 888-817-9888 or visit Libtitle.com