Short answer: PITI is principal, interest, taxes and insurance: your full monthly housing payment. Add HOA dues to get PITIA, which many rental lenders use.
This free mortgage (piti) calculator uses the same formulas as FirstDoor's full deal score. See exactly how each number is calculated on our methodology page, or learn more in the guide: How much money to buy first rental property.
Frequently asked questions
What does PITI stand for?
Principal, interest, taxes and insurance. With HOA dues it is often called PITIA.
How is the principal and interest calculated?
Standard amortization: loan × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of payments.
Does PITI include maintenance?
No. Budget maintenance, vacancy and management separately for a rental.
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