Calculation PITI

Wanted to know how you calculate Piti

is it just your mortgage payment plus taxes and insurance?


let me know

thanks

Comments(2)

  • LarryNut13th January, 2005

    A rule of thumb to remember is your payment will be $7.00 for every $1000 you borrow. For example, your piti on a $100,000 would be $700. This will get you close. If you know your interest rate and how much your taxes and insurance are you can use the mortg. calculator in your my tools section of your tci.

  • LarryNut13th January, 2005

    I suppose I should also mention that if your credit earns you a 8 or 9% interest rate, that could increase your payment too. $7.00 is just a general constant I use to get me in the ballpark.

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