PITI

What's Really In Your Mortgage Payment? The Complete Breakdown

What's Really In Your Mortgage Payment? The Complete Breakdown Opening a first mortgage statement is a common source of sticker shock. The lender quotes $1,847/month. The actual payment? $2,634. That extra $787 covers property taxes, insurance, and PMI that often go unexplained during closing. When you get a mortgage quote, that monthly number isn't just about paying back the loan. Your actual payment includes taxes, insurance, and fees that can add hundreds of dollars to your bill. Let's break down exactly what you're paying for — and how to avoid that kind of surprise. Calculate Your True Monthly Payment Use our mortgage calculator to see all the components of your payment, including taxes, insurance, and PMI: Try Our Mortgage Calculator(/finance/mortgage-calculator) The Four Parts of Your Payment (PITI) !PITI Mortgage Payment Breakdown showing Principal, Interest, Taxes, and Insurance components(/images/blog/mortgage-piti-breakdown.svg) Your mortgage payment is often called "PITI" — an acronym for its...