I am working on a case study. I am given financial information, including a balance sheet and cash flow statement, on a couple. One of the questions is "What is the PITI percentage?" I can't seem to find what this stands for in my book; therefore, of course I can't even calculate it. Thanks for your help!!!
2007-10-22 07:27:12 · 3 answers · asked by KAH 2 in Business & Finance ➔ Personal Finance
PITI = Principal, Interest, Taxes and Insurance.
I had to answer because you had conflicting answers and the second one was right, the T is TAXES.
Good luck!
2007-10-22 08:28:04 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋
PITI = Principal, Interest, Taxes and Insurance. It means the total of your property loan (principal + interest), property taxes, and property or homeowners' insurance. Usually expressed as a monthly amount.
2007-10-22 08:13:28 · answer #2 · answered by npk 7 · 1⤊ 0⤋
PITI stands foe
Principle
Interests
Title
Insurance
Hope this helps :)
2007-10-22 07:35:13 · answer #3 · answered by Anonymous · 0⤊ 2⤋