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What Makes Up A PITI Mortgage Payment?

March 14, 2019 by Patrick Jones

Many mortgage payments are made up of four parts, called PITI. PITI is an acronym that stands for principal, interest, tax, and insurance. It's important to understand PITI because it is the real number you need to use in order to find out how much mortgage you can afford to pay each month.

Filed Under: Mortgage Tagged With: Financing, Mortgage, PITI

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