Definitions for "Housing Expense"
The monthly costs associated with a mortgage loan, specifically: Principal, Interest, Taxes, and Insurance (PITI). Monthly costs also include maintenance fees, where applicable (e.g. condominiums, cooperatives, Planned Unit Developments, or Homeowners Associations).
MP] The sum of the monthly mortgage payment, hazard insurance, property taxes, and homeowner association fees.
The sum of mortgage payment, hazard insurance, property taxes, and homeowner association fees. Same as PITI and monthly housing expense.