What “PITI” captures
Principal and interest are the loan mechanics. Taxes and insurance are often escrowed—same monthly check, different recipients. Your all-in housing cost matters for budgeting.
Fixed vs ARM
Fixed-rate loans lock the rate for the term. ARMs trade lower initial rates for future uncertainty—read adjustment caps, indexes, and margins before you celebrate the teaser.
Use the calculator
FAQ
- What’s PMI?
Private mortgage insurance protects the lender when equity is thin. It can fall off at LTV thresholds—rules vary by loan type and servicer.