What is PITI?
PITI stands for Principal, Interest, Taxes and Insurance — the four parts of a full monthly mortgage payment. Use the calculator above to see your true cost.
What is PITI?
PITI stands for Principal, Interest, Taxes and Insurance — the four parts of a full monthly mortgage payment. Lenders calculate PITI to determine how much home you can afford, because housing costs more than the loan itself.
The 28% rule
Your housing payment should stay under 28% of your gross income. Divide your monthly PITI by 0.28 to see the income you need.
Bi-weekly vs monthly
Paying bi-weekly means 26 half-payments a year — equal to 13 full monthly payments instead of 12. That one extra payment each year can shave years off a 30-year mortgage.