PITI — Principal, Interest, Taxes, Insurance

Plain-English definition with Kansas context. Written for homebuyers, not mortgage bankers.

What is PITI?

PITI is the total monthly mortgage payment, combining four components: Principal (loan repayment), Interest (cost of borrowing), property Taxes, and homeowners Insurance. Many Kansas mortgages also add PMI / MIP and HOA fees — making the acronym effectively PITI+MI+HOA.

More detail

Lenders calculate affordability using PITI, not just principal and interest. Kansas property taxes and homeowners insurance materially affect the monthly total — budget for them.

Related terms

principal · interest · escrow · PMI · MIP

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