The sum of the principal and interest payment on the loan, taxes, hazard insurance, private mortgage insurance (if any) and homeowners association dues (if any).
Total monthly expense of principal, interest, taxes, and insurance.
principal, interest, taxes, and insurance. Also called PITI.
The sum of the monthly mortgage payment (which includes principal and interest), taxes and insurance.
The total monthly expenses, including principal, interest, taxes and insurance, paid by the borrower. Can establish affordability when used with total income.
The total of the costs of maintaining a home per month, including financing, realty taxes and house insurance.
Total principal, interest, taxes, and insurance paid by the borrower on a monthly basis. Used with gross income to determine affordability.
For purposes of a World Savings real estate loan application, the sum of all monthly payments of principal and interest on all mortgages (including home equity loans and equity lines of credit) secured by owner-occupied residential property, plus monthly property tax and insurance payments or accruals, plus any homeowners' association dues or fees applicable to that property.
