---
title: "PITI — What It Means | Ondo RE"
canonical: https://www.ondorealestate.com/glossary/piti/
---

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Mortgage & lending[All terms starting with P](/glossary/#letter-P)

# PITI

Also called: principal interest taxes insurance, pitia

Principal, Interest, Taxes and Insurance, the four parts of a typical monthly mortgage payment.

Principal and interest repay the loan. Taxes and insurance are collected into an escrow account and paid on your behalf. Underwriters often work with PITIA, which adds association dues where they apply.

Quoting only principal and interest understates a real payment substantially, because taxes, insurance, and any association dues are due whether or not they are escrowed.

## Put a number on it

This term feeds the calculators below.

- [Mortgage Payment CalculatorEstimate monthly mortgage payments with taxes, insurance, and PMI.](/calculators/mortgage-payment/)
- [Home Affordability CalculatorEstimate what home price fits your income, debts, and expenses.](/calculators/affordability/)

## Related terms

- [Escrow account (impounds)An account your servicer uses to collect and pay your property taxes and homeowners insurance alongside the mortgage payment.](/glossary/escrow-account/)
- [DTI (Debt-to-Income Ratio)The share of your gross monthly income taken up by monthly debt payments, including the proposed housing payment.](/glossary/dti/)
- [HOA (Homeowners Association)An association governing a community, collecting dues and enforcing rules that can include rental restrictions.](/glossary/hoa/)
- [Property taxAn annual tax assessed by local government on real property, usually collected monthly through escrow.](/glossary/property-tax/)
- [ReservesLiquid assets left after closing, measured in how many months of the full housing payment they would cover.](/glossary/reserves/)

## More in Mortgage & lending

- [Amortization](/glossary/amortization/)
- [APR (Annual Percentage Rate)](/glossary/apr/)
- [ARM (Adjustable-Rate Mortgage)](/glossary/arm/)
- [Cash-out refinance](/glossary/cash-out-refinance/)
- [Closing costs](/glossary/closing-costs/)
- [Conforming loan](/glossary/conforming-loan/)

## Have a question about your own situation?

Ondo handles brokerage, lending, property management and notary under one roof, so the answer does not change depending on who you ask.

[Talk to Ondo](/contact/)[Browse all terms](/glossary/)

Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. [Licensing and disclosures](/licensing/)