PITI payment

EnglishEdit

NounEdit

PITI payment (plural PITI payments)

  1. (banking) The amount paid per month in Principal, Interest, Taxes and Insurance for a given property. Used in determining the debt/income ratio.
    You can't afford this house. Your PITI payment would be too high for your income.

Related termsEdit

See alsoEdit

Last modified on 18 June 2013, at 00:14