What is another word for PITI payment?
Pronunciation: [pˈiːti pˈe͡ɪmənt] (IPA) 
A PITI payment is a term used to describe the total monthly payment made by a borrower on their mortgage loan. However, there are several synonyms for this term that can help clarify the exact components that make up this payment. For example, some lenders may refer to it as the principal, interest, taxes, and insurance payment. Others may use the term housing expense payment, which includes not only the mortgage but also any homeowner association fees or other expenses related to living in the property. Regardless of the terminology used, understanding the different components that make up a PITI payment is crucial for borrowers to have a clear understanding of their monthly mortgage obligations.
