PITI

English

Noun

PITI (uncountable)

  1. (finance) Acronym of Principal, interest, taxes, and insurance.
    • 1995, Roberto G. Quercia et al., “Mortgage Default among Rural, Low-Income Borrowers”, in Journal of Housing Research, volume 6, number 2, →JSTOR:
      Although in theory the initial PITI costs in the Section 502 program are set at 20 percent of household income, in reality the ratio of housing costs to income appears to be variable.

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