In PITI what does T stand for?

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Peter Yang

14 May, 09:35

In PITI what does T stand for?

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Louis Sawyer · Answer 1

Louis Sawyer 14 May, 10:24

0

Principal

Interest

Taxes

Insurance

Kadence · Answer 2

taxes

Explanation:

Capital, interest, taxes and insurance, known as PITI (for its acronym), are the four basic elements of a monthly mortgage payment.

Capital and interest payments are used to pay the loan. The amount covered by the property tax and home insurance can be deposited in an escrow account or escrow account, if you are required to have one or have decided to open it, in order to cover the payments of such property taxes and homeowners insurance. housing as they expire.