noun
Meaning 1
The amount paid per month in Principal, Interest, Taxes and Insurance for a given property. Used in determining the debt/income ratio.
Definition source: English Wiktionary via Wiktextract
Topics: banking, business
Examples
- You can't afford this house. Your PITI payment would be too high for your income.
Meaning relationships
Synonyms: none provided
Antonyms: none provided