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What is PITI?

PITI stands for principal, interest, (property) taxes, and (property) insurance. Monthly mortgage payments commonly include all four costs. Some mortgage holders will not include taxes and/or insurance in the monthly payment, and the borrower must make arrangements to pay them separately. No matter how taxes and insurance get paid, the lender requires that you stay current on your payments.




Brenda Procter, M.S., Consumer and Family Economics, College of Human Environmental Sciences, University of Missouri-Columbia














If you'd like to learn more about this and other personal finance topics, the University of Missouri offers 'Personal & Family Finance,' a correspondence course, through the Center for Distance and Independent Study (800-609-3727). Information about this course is available at





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Last update: Tuesday, July 22, 2008




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