Principal, Interest, Taxes, and Insurance (PITI) (PITI)

Common acronym for principal, interest, taxes, and insurance—used when describing the monthly charges on a mortgage.

Acronym for items included in a monthly mortgage payment: principal, interest, taxes and insurance.

The four elements of a monthly mortgage payment; payments of principal and interest go directly towards repaying the loan while the portion that covers taxes and insurance (homeowner's and mortgage, if applicable) goes into an escrow account to cover the fees when they are due.