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For PITI's sake: Mortgage acronyms defined

Mortgage » For PITI's sake: Mortgage acronyms defined

PITI
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PITI © iStock

PITI

Best understood as the bottom line on a monthly mortgage loan, PITI represents the sum total of principal, interest, taxes and insurance costs. It's the monthly house payment. Lenders divide PITI by the borrower's pretax monthly income to calculate DTI -- the debt-to-income ratio.

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