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538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

 
 
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Real Estate Glossary



  PITI

Principle, interests, taxes and insurance (PITI) are the four components of a monthly mortgage payment.

The four components of a monthly mortgage payment.

-- Principal refers to the part of the monthly payment that reduces the remaining balance of the mortgage.
-- Interest is the fee charged for borrowing money.
-- Taxes and insurance refer to the amounts that are paid into an escrow account each month for property taxes and hazard insurance

 

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Old Town Real Estate,LLC
538 Bedford Street
P.O. Box 188
Abington, MA 02351
(781) 878-5701 Office
(781) 871-9598 Fax

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